By Arosh John – Founder, John Real Estate (MahaRERA Reg. No. A51700001835) & Editor-in-Chief, Thane Real Estate News (TREN)
Thane–MMR | December 2025
Brookfield Asset Management has announced a landmark plan to develop Asia’s largest Global Capability Centre (GCC) in Powai, Mumbai. The investment commitment stands at $1 billion. The project will come up on a 6-acre land parcel and offer 2 million sq ft of Grade-A commercial space. Brookfield expects to complete the development by 2029.
A leading multinational bank has already finalised a 20-year lease for the campus. This makes the project one of the most significant GCC developments in India’s financial services sector. Moreover, the new facility is expected to generate over 30,000 jobs, strengthening Mumbai’s position as a global hub for capability centres and innovation.
Brookfield has received development rights for the land parcel through its agreement with the Mumbai Metropolitan Region Development Authority (MMRDA). This gives the company access to the land and the available development potential. As a result, Brookfield can build a large-scale, sustainable commercial campus in Powai.
A Strategic Win for Maharashtra’s GCC Vision
Maharashtra continues to position itself as India’s most attractive destination for global capability centres. The state benefits from strong talent availability, pro-business policies and world-class infrastructure.
Powai already enjoys a strategic advantage. It has evolved into a mature knowledge corridor with a strong mix of BFSI firms, technology companies, research units and startups. Additionally, the location offers excellent connectivity and easy access to the airport.
With Brookfield’s investment, Powai’s relevance as a high-value employment district will grow even further.
Project Highlights
Investment Size: $1 billion
Location: Powai, Mumbai
Land Area: 6 acres
Total Leasable Area: ~2 million sq ft
Primary Occupant: Leading multinational bank
Lease Tenure: 20 years
Job Creation: 30,000+ expected
Completion Target: 2029
Sustainability Commitment: 100% green power usage planned
Brookfield has stated that this project aligns with its long-term strategy of expanding high-quality commercial assets across India’s most dynamic metropolitan regions.
Impact on Mumbai’s Commercial Real Estate Market
A $1-billion GCC commitment in Powai will significantly influence Mumbai’s commercial market. The development is likely to affect rentals, vacancy levels and Grade-A office absorption. Large GCC occupiers typically anchor a micro-market for long periods. Consequently, they attract ancillary firms, support business services and create employment-led housing demand.
This growth will benefit surrounding precincts such as Chandivali, Kanjurmarg, Vikhroli and Andheri-East.
Furthermore, the project reinforces Mumbai’s status as a top-tier global GCC destination, competing directly with Bengaluru, Hyderabad and Pune for high-value capability mandates.
Expert View – By Arosh John
Mumbai’s commercial real estate market is entering a new phase shaped by GCC-led expansion. Developments of this scale influence far more than office supply. They reshape employment ecosystems, alter long-term pricing trends and enhance the competitiveness of entire micro-markets. Brookfield’s investment confirms Powai’s evolution from a corporate cluster into a structured innovation corridor. It also reflects the strong confidence shown by a major global bank in Mumbai’s talent and infrastructure.
About the Author
Arosh John is the Founder of John Real Estate (MahaRERA Reg. No. A51700001835) and Editor-in-Chief of Thane Real Estate News (TREN). He brings more than a decade of expertise across Thane–MMR’s residential, commercial, luxury villa, resale and NRI advisory segments. He is widely recognised for data-driven reporting and for interpreting how regulatory and infrastructure developments shape real-estate value. His editorial work focuses on offering clarity, accuracy and insight to homebuyers, investors and industry professionals.
Disclaimer
This report is based solely on information available in the public domain through official announcements, regulatory disclosures and company statements. It is intended for general informational and news purposes. Thane Real Estate News does not provide financial, legal or investment advice. Readers should independently verify details before making real-estate or commercial decisions.
