Asia’s Largest Global Capability Center to Come Up in Maharashtra: CM Devendra Fadnavis

Mumbai, 12th December 2025: Maharashtra is reinforcing its position as a preferred destination for Global Capability Centers (GCCs), driven by its skilled workforce, strong infrastructure, and business-friendly governance. The state’s newly introduced GCC policy will further accelerate the creation of high-value, skill-based jobs, Chief Minister Devendra Fadnavis said.

Brookfield has announced a major project in Powai, Mumbai, where it will develop Asia’s largest Global Capability Center for a multinational bank. The center will be built on a 6-acre land parcel with 2 million sq. ft. of built-to-suit leasable space. A 20-year agreement has already been finalized for the development.

Fadnavis noted that large-scale investments of this nature reflect global confidence in Maharashtra’s growth trajectory. He said the state remains committed to ensuring stability, efficiency, and a supportive environment for global companies seeking long-term expansion.

The project, expected to be completed by 2029, involves an investment of over USD 1 billion and is projected to create more than 30,000 jobs. It will be implemented under the leadership of the Mumbai Metropolitan Region Development Authority (MMRDA) and Brookfield, with support from partner B. S. Sharma.

Highlighting the state’s focus on sustainability, the Chief Minister added that the upcoming GCC will run entirely on green energy and will adhere to the highest global standards for sustainable construction. He said this would significantly strengthen Mumbai’s position as a major GCC hub in Asia.

Brookfield’s recent activity in Maharashtra underscores its deepening presence in the state. In 2024, the company developed a built-to-suit tower in Pune for a major financial services firm. That same year, it signed an MoU with MMRDA for a USD 12 billion investment. In June 2025, Brookfield acquired a 2.1-acre land parcel in the Bandra-Kurla Complex (BKC).

Ankur Gupta, Senior Investment Officer at Brookfield, said, “We are developing an iconic project that will set a new benchmark for office infrastructure across Asia. Our investment in Mumbai has now crossed USD 4 billion. Brookfield remains committed to creating sustainable, modern, and high-quality workplaces.”

Brookfield is one of India’s largest office space owners and operators, with a portfolio of nearly 55 million sq. ft. across seven cities. The upcoming Powai GCC project will benefit from strong connectivity, established social infrastructure, and access to a vast talent pool in the Mumbai Metropolitan Region.