Brookfield owns $4 billion of real estate projects in Mumbai. (Photo: Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Brookfield Asset Management plans to invest $1 billion in a global capability center in Mumbai, and has already lined up a big multinational bank to occupy the space.

The investment underscores the rise of India as a hub for so-called global capability centers, which international companies and banks often use for back-office services.

The project will be jointly developed with the Mumbai Metropolitan Region Development Authority and will house a multinational bank over a 20-year term.

It will cover around six acres and create around 2 million square feet of office space, Brookfield said in a statement, adding that it will be Asia’s largest su

See Full Page