Canadian investor Brookfield will develop a two-million square foot office complex on a six-acre site in Powai, Mumbai, with an investment of about $1 billion (over ₹9,000 crore). The company says the development will house a global capability centre (GCC) for a multinational bank under a 20-year lease, although the bank’s name was not disclosed.
The project is being executed in partnership with the Mumbai Metropolitan Region Development Authority (MMRDA) and a Brookfield venture led by BS Sharma. Brookfield expects to complete the build by 2029 and says the campus will run on 100% renewable power.
Brookfield described the development as one of Asia’s largest GCC projects and said it will reinforce the firm’s position in India, where it already holds several billion dollars of real estate assets and millions of square feet across cities. The company expects the project to generate significant employment once operational.
The announcement follows Brookfield’s recent deals and its earlier memorandum with the MMRDA to bring broader investment to the region. Company leaders called the Powai project a benchmark for office development in Asia and part of their continued expansion in Mumbai.
