JPMorganChase’s New Home: Coming to Powai in 2030

Brookfield Properties has announced a built-to-suit leasing agreement with JPMorganChase for a new office development in Powai, Mumbai.

The project will be developed on a six-acre site acquired by a Brookfield Asset Management–backed private real estate fund through an agreement with the Mumbai Metropolitan Region Development Authority, in partnership with a Brookfield-led venture and BS Sharma. Scheduled for completion by 2030, the 1.3 million sq. ft. office facility will bring together JPMorganChase’s Mumbai workforce into a single, modern, state-of-the-art workplace. As the majority owner, Brookfield is making a significant capital investment to deliver the development.

Located in Powai, the project benefits from a well-established live-work-play ecosystem, supported by robust residential, retail, and social infrastructure, along with excellent connectivity. CBRE and Khaitan & Co advised on the transaction. Commenting on the agreement, Ankur Gupta, Deputy Global CIO of Brookfield Asset Management, said the deal strengthens Brookfield’s global relationship with JPMorganChase and underscores India’s growing prominence as a leading destination for global capability centres.

News by Rahul Yelligetti.