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

The project, spread across six acres, will be developed on land recently acquired by a Brookfield Asset Management–backed private real estate fund through an agreement with the Mumbai Metropolitan Region Development Authority and a Brookfield-led venture in partnership with BS Sharma. Slated for completion by 2030, the 1.3 million-sq. ft. facility will consolidate JPMorganChase’s Mumbai employees into a modern, state-of-the-art workspace. Brookfield, as the majority owner, is investing significant capital to deliver the office tower. 

Powai, where the property is located, offers a live-work-play ecosystem with strong residential, retail, and social infrastructure, and excellent connectivity. CBRE and Khaitan & Co served as advisors for the deal. Ankur Gupta, Deputy Global CIO of Brookfield Asset Management, said, “We are pleased to expand our global relationship with JPMorganChase through this transaction. This landmark agreement reinforces India’s position as a leading global capability center destination.”