Brookfield Announces Massive $1 Billion Investment to Build Asia's Largest Global Capability Centre in Mumbai
In a major development that underscores India's rising prominence as a global business hub, New York-based alternative asset management giant Brookfield has unveiled plans to invest over $1 billion (approximately Rs 9,000 crore) in establishing a Global Capability Centre (GCC) in Mumbai. This ambitious project represents one of the largest investments in India's corporate infrastructure sector and signals growing international confidence in the country's skilled workforce and business ecosystem.
Project Overview and Scale
The upcoming facility will be developed on a six-acre plot in Powai, Mumbai, and is set to become Asia's largest GCC upon completion. With a total lettable area of 2 million square feet, the center will serve as the headquarters for a leading multinational banking institution under a long-term lease arrangement spanning 20 years.
The project is being executed through a strategic partnership between the Mumbai Metropolitan Region Development Authority (MMRDA) and a consortium led by Brookfield, in collaboration with partner B.S. Sharma. Construction is scheduled for completion by 2029, with the development expected to generate employment opportunities for more than 30,000 professionals.
Understanding Global Capability Centres
Global Capability Centres represent offshore operational units established by multinational corporations in regions offering cost-effective solutions and access to highly skilled talent pools. These facilities enable companies to develop specialized capabilities in cutting-edge areas such as artificial intelligence, research and development, and advanced technology services.
India has emerged as a preferred destination for GCC establishments, housing over 1.9 million professionals with expertise in AI, engineering, and product development. According to industry analysts at Zinnov, the country has witnessed remarkable growth in this sector, with nearly 110 new GCCs launched between early 2024 and late 2025.
India's Growing GCC Ecosystem
The expansion of GCCs in India reflects a global trend of companies seeking to leverage the country's technical talent and favorable business environment. While American companies continue to dominate the landscape, organizations from the United Kingdom, Germany, Japan, and Denmark have significantly expanded their presence in recent years.
Major multinational corporations including Samsung, Microsoft, JP Morgan Chase, and Bosch have committed substantial investments to establish GCC operations across India. The growth of these centers has become a crucial driver for India's commercial office real estate sector, according to ratings agency ICRA.
Currently, approximately 92% of India's GCCs are concentrated in six major cities: Mumbai, National Capital Region (NCR), Bengaluru, Hyderabad, and other metropolitan areas. This concentration reflects the availability of infrastructure, talent, and connectivity in these urban centers.
Brookfield's Expanding Footprint in India
Brookfield maintains a significant presence in India's real estate sector, operating approximately 55 million square feet of office space across seven cities. The company owns over $4 billion worth of real estate projects in Mumbai alone, demonstrating its long-term commitment to the Indian market.
Earlier in 2025, Brookfield signed a memorandum of understanding with MMRDA to channel $12 billion in investments into the Mumbai metropolitan region. In June 2025, the company acquired a 2.1-acre property in Mumbai's Bandra Kurla Complex (BKC) to develop a premium mixed-use development.
Government Support and Policy Framework
Maharashtra Chief Minister Devendra Fadnavis emphasized the state's commitment to creating a conducive environment for global enterprises. He highlighted that the new GCC policy introduced earlier in the year is specifically designed to attract large-scale, high-value operations that generate skilled employment and drive long-term economic growth.
The Chief Minister noted that Maharashtra's focus on talent development, infrastructure enhancement, and business-friendly policies is strengthening the state's position as a premier destination for global capability centers. He assured that the government remains dedicated to providing a stable and future-ready ecosystem for international companies expanding their operations in the region.
Industry Impact and Future Outlook
Ankur Gupta, Deputy Chief Investment Officer and Head of Asia Pacific and Middle East Real Estate at Brookfield, described the project as an iconic development that will establish new benchmarks for Asia's office sector. The facility is expected to deliver world-class infrastructure and amenities befitting the requirements of a major multinational banking institution.
This development comes at a time when India's capabilities in technology, innovation, and service delivery are attracting increasing global attention. The trend reflects not just cost advantages but also the country's capacity to deliver high-quality, specialized services in advanced domains.
The establishment of Asia's largest GCC in Mumbai is poised to create a ripple effect across the industry, potentially attracting additional investments and reinforcing India's status as a premier destination for global corporate operations. As the project progresses toward its 2029 completion target, it will likely serve as a catalyst for further development in Mumbai's real estate and employment landscapes.
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