In one of India’s largest commercial office transactions, JP Morgan Services India Private Limited has leased a built-to-suit office space spanning over 13 lakh sq ft in Mumbai’s Powai from an SPV in which Brookfield Properties holds a stake, for a total rent of about ₹5,200 crore, according to property registration documents accessed by CRE Matrix. Mumbai real estate update: JP Morgan Services India Private Limited has leased a built-to-suit office space spanning over 13 lakh sq ft in Mumbai’s Powai from an SPV in which Brookfield Properties holds a stake. (Picture for representational purposes only) (Pixabay) The property is expected to house the American investment banking firm’s global capability centre (GCC) in Powai, Mumbai, which will be the largest such GCC in Asia. Brookfield Properties had issued a statement in December 2025 that it had entered into a built-to-suit lease agreement with JPMorgan Chase to develop the GCC in Mumbai’s Powai. JPMorgan Chase will be the sole occupier of the facility, with the lease structured for a 20-year tenure Maharashtra Chief Minister Devendra Fadnavis …