JP Morgan is planning to establish Asia’s largest Global Capability Centre in Powai, Mumbai, with a proposed built-up area of around 2 million sq ft and an expected completion timeline of 2029. The facility is designed to accommodate nearly 30,000 employees and will support a range of technology, analytics, risk, finance, and operational functions. The move expands the bank’s GCC operations in major Indian cities like Mumbai, Bengaluru and Hyderabad, as global companies continue to set up large capability centers in India, driving strong demand for office space.
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