Asia’s Largest Global Capability Center to be Set Up in Maharashtra — CM Devendra Fadnavis

Mumbai, Dec 2025 : Maharashtra is emerging as a leading destination for Global Capability Centers (GCCs) due to its talent pool, robust infrastructure, and business-friendly environment, Chief Minister Devendra Fadnavis said today. He added that the newly announced GCC policy this year will promote high-value, skill-based employment generation in the state.

The Brookfield Company has announced a major project on a 6-acre site in Powai, Mumbai, involving 20 lakh sq. ft. of built-up space on a leasehold basis. The project will host Asia’s largest GCC for a multinational bank and has been contracted for a 20-year tenure.

CM Fadnavis stated that projects of this scale have strengthened global confidence in Maharashtra’s growth trajectory. “The state government is committed to providing a stable and capable environment to meet the future requirements of international companies,” he said.

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

Highlighting the investor-friendly climate of Maharashtra, CM Fadnavis said, “This project underscores growing confidence of global companies in the state. The facility will aim to use 100% green energy and will be constructed according to the highest sustainable building standards. This will further strengthen Mumbai’s position as a GCC hub.”

In 2024, Brookfield developed a ‘build-to-suit’ tower in Pune for a major financial services company and signed a $12 billion MoU with MMRDA the same year. In June 2025, the company acquired 2.1 acres in Bandra-Kurla Complex for expansion.

Brookfield’s Senior Investment Officer, Ankur Gupta, 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 sq. ft. across seven cities. The company has consistently demonstrated expertise in developing and operating premium Grade-A projects. The proposed Powai project will benefit from excellent connectivity, social infrastructure, and a large pool of skilled talent, making it a landmark development in the region.