Adani Airport City Ltd (AACL), a wholly-owned subsidiary of Adani Airport Holdings Ltd (AAHL), has unveiled plans to invest ₹20,000 crore in the first phase of developing integrated airport cities across its airport network.
The development will cover about 22 million sq. ft. across Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati, bringing together hospitality, retail, entertainment, convention and commercial infrastructure within airport-linked urban districts.
Large footprint
The projects will be developed on a land bank of more than 655 acres across six airports in five States. Nearly 440 acres are located in Mumbai and Navi Mumbai alone.
The developments are being designed as walkable urban districts integrated with airports, Metro systems and city transport networks, enabling seamless access to hotels, offices, retail, dining, entertainment and convention facilities.
Airport-led development
The initiative draws inspiration from globally successful airport districts such as Changi in Singapore, Schiphol in Amsterdam, Incheon in South Korea and Dubai International.
Unlike conventional real estate projects, the Airport City model is planned as an extension of the airport ecosystem, with a focus on connectivity, passenger experience and economic activity.
Growth catalyst
“We are creating a network of integrated urban destinations where airports become catalysts for investment, employment, better passenger experiences and the long-term growth of the cities they serve,” said Adani Airport Holdings Director Jeet Adani.
“These developments are being designed with leading global design and engineering partners. Our objective is to create vibrant districts that combine connectivity with experience, generating economic activity, employment and long-term value for the communities around them,” he added.
Hospitality push
As part of the initiative, AAHL has signed hotel management agreements with IHG Hotels & Resorts for five luxury and premium hotels, including the debut of the Kimpton brand in India.
The company is also engaging with leading domestic and international partners across hospitality, food and beverage, retail and entertainment to support the development of the airport city ecosystem.