Adani Airports Plans $2.4 Billion Airport City Developments Across Five States
Mumbai — Adani Airports has announced plans to develop integrated airport cities spanning more than 655 acres across six airports in five states, with an initial investment of more than Rs 20,000 crore.
The project includes nearly 440 acres in Mumbai and Navi Mumbai and will create about 22 million square feet of development across airports in Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati.
Adani Airport City Limited, a wholly owned subsidiary of Adani Airport Holdings Limited, will oversee the developments. The planned districts will combine hotels, retail outlets, entertainment venues, convention centers and commercial properties with airport and public transportation infrastructure.
“Around the world, the most successful airport districts have become centres of commerce, tourism and urban growth. As India’s aviation market expands, airports have an opportunity to create value far beyond aviation. 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 Jeet Adani, director of Adani Airport Holdings.
About 70% of the planned investment will be directed toward Mumbai and Navi Mumbai, reflecting the Mumbai metropolitan region’s role as a major commercial, financial and aviation hub.
The districts will be designed as walkable developments where travelers, businesses and residents can access hotels, offices, stores, restaurants, entertainment venues and convention facilities. They will also be connected to airports, Metro systems and other city transportation networks.
Adani Airports said the project draws inspiration from airport districts surrounding Singapore’s Changi Airport, Dubai International Airport, Amsterdam Airport Schiphol and Incheon International Airport in South Korea.
“These developments are being designed with leading global design and engineering partners and informed by emerging trends in hospitality, retail, workplaces and entertainment,” Adani said.
“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.
The company said the airport cities will differ from conventional real estate projects by functioning as extensions of their respective airport ecosystems rather than as standalone developments.
Adani Airport Holdings has signed management agreements with IHG Hotels & Resorts for five luxury and premium hotels, including the first Kimpton hotel in India. It is also working with domestic and international companies in the hospitality, food and beverage, retail and entertainment sectors. (Source: IANS)
