Mumbai is set to reinforce its position as India’s most significant corporate and financial centre, following the announcement of a large-scale Global Capability Centre (GCC) development in Powai. A domestic infrastructure firm has entered into a long-term partnership with a global alternative asset manager to develop what is being positioned as Asia’s largest GCC campus, reflecting sustained multinational confidence in India’s commercial real estate and talent ecosystem.
Spread across approximately six acres, the proposed development will deliver nearly two million square feet of premium office space designed to meet the requirements of a global banking institution under a long-term lease arrangement. Industry experts note that such extended lease tenures are increasingly rare in commercial real estate, signalling strong governance standards, predictable demand, and institutional-grade project execution. Scheduled for completion by 2029, the campus is expected to attract investment exceeding USD 1 billion and generate more than 30,000 skilled jobs over its lifecycle. The project is being developed as a fully green-powered campus, aligning with a growing shift among global occupiers towards low-carbon workplaces that reduce operational emissions and support corporate climate commitments. Urban planners point out that Powai has emerged as a preferred destination for knowledge-led employment due to its connectivity, proximity to residential clusters, and access to higher education institutions. The addition of a large GCC campus is expected to strengthen the area’s role as a mixed-use business district, while also driving demand for housing, public transport upgrades, and social infrastructure. The project reflects a broader transformation underway in India’s office market, where Global Capability Centres have evolved from back-office operations into strategic hubs for technology, risk management, data analytics, and innovation.
Mumbai, in particular, continues to attract financial services-led GCCs due to its regulatory ecosystem, deep talent pool, and global connectivity. Sustainability considerations form a central pillar of the development strategy. By operating entirely on renewable energy, the campus is expected to significantly lower its environmental footprint while setting a benchmark for future commercial developments. Urban development specialists say such projects play a critical role in advancing more inclusive and resilient cities by integrating employment growth with responsible land use and energy efficiency. From a city-building perspective, large employment anchors such as this GCC can contribute positively to Mumbai’s long-term urban resilience if supported by improved mobility, affordable housing supply, and gender-neutral workplace design. Policymakers and industry stakeholders emphasise that aligning corporate investment with inclusive planning will be key to ensuring economic growth translates into broader social benefit.
As India positions itself as a global hub for high-value services, developments of this scale underline Mumbai’s continued relevance not just as a financial capital, but as a city shaping the future of sustainable, knowledge-driven urban economies.
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