Asia’s Largest Global Capability Center to Be Built in Maharashtra – CM Devendra Fadnavis

Mumbai, Dec 2025 – Maharashtra is emerging as a leading destination for Global Capability Centers (GCC) due to its talent across sectors, strong infrastructure, and business-friendly environment. Chief Minister Devendra Fadnavis stated that the new GCC policy announced this year will promote high-value, skill-based employment in the state.

Brookfield has announced a grand project in Powai, Mumbai, on a 6-acre site, featuring 2 million square feet of leased construction. This project will establish Asia’s largest GCC for a multinational bank. The agreement is for a period of 20 years.

CM Fadnavis said that this major project strengthens global confidence in Maharashtra’s growth. The state government is committed to providing a stable and capable environment to meet the future needs of international companies.

The project is expected to be completed by 2029, with an investment exceeding $1 billion and the creation of over 30,000 jobs. It will be implemented under the leadership of the Mumbai Metropolitan Region Development Authority (MMRDA) and Brookfield, in collaboration with partner B. S. Sharma.

The CM added that the project underscores growing global confidence in Maharashtra’s investor-friendly environment. The facility will use 100% green energy and be built according to the highest sustainable construction standards, further strengthening Mumbai’s position as a GCC hub.

In 2024, Brookfield constructed a “build-to-suit” tower in Pune for a major financial services company and signed a $12 billion investment MoU with MMRDA. In June 2025, the company purchased a 2.1-acre site in the Bandra-Kurla Complex.

Ankur Gupta, Senior Investment Officer at Brookfield, said, “This iconic project will set a new benchmark for office development in Asia. Our investment in Mumbai has now exceeded $4 billion. Brookfield is committed to creating high-quality, sustainable, and modern workplaces.”

Brookfield is one of India’s largest office owners and operators, managing approximately 55 million square feet across seven cities. The proposed Powai project will benefit from excellent connectivity, social infrastructure, and a large pool of skilled talent.