Brookfield Commits $1 Billion to Develop Major Global Capability Centre in Mumbai

• Brookfield will invest over $1 billion to develop the biggest Global Capability Centre in Asia in Mumbai.
• The project is expected to create more than 30,000 jobs once completed by 2029.
• The move reinforces India’s growing status as a top global hub for GCCs.

New York-based alternative asset manager Brookfield is planning to invest more than $1 billion (about Rs 9,000 crore) to develop a massive Global Capability Centre (GCC) in Mumbai. The project marks one of Brookfield’s biggest commitments to India and underlines the country’s growing appeal for multinational corporations.

The GCC will come up on a six-acre site in Powai and is being developed through an agreement between the Mumbai Metropolitan Region Development Authority (MMRDA) and a Brookfield-led venture, in partnership with B S Sharma. Once completed in 2029, the campus will be Asia’s largest GCC and is expected to generate over 30,000 direct jobs.

Brookfield said the facility will house the largest GCC of a leading global bank under a long-term 20-year arrangement. The center will focus on building advanced capabilities in areas such as artificial intelligence, research and development, engineering, and product innovation.

GCCs act as offshore hubs for multinational companies, helping them access skilled talent while operating at lower costs. India has emerged as a preferred destination due to its deep talent pool of nearly 1.9 million professionals across AI, engineering, and product roles, according to Zinnov.

Between early 2024 and late 2025, nearly 110 new GCCs were set up in India. While U.S. firms continue to dominate, companies from Europe and Asia have also expanded their footprint. This trend has boosted demand for commercial office space, making GCCs a key growth driver for India’s real estate market.

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Brookfield currently operates around 55 million square feet of office space across seven Indian cities and owns over $4 billion worth of real estate assets in Mumbai. Earlier this year, it also signed an MoU with MMRDA to invest $12 billion in the Mumbai region.

Maharashtra Chief Minister Devendra Fadnavis said the state’s new GCC policy aims to attract large, high-value projects that create skilled jobs and support long-term economic growth.