/images/ppid_59c68470-image-17824025248901708.webp)
What is the story about?
Adani Group's airport arm, Adani Airport Holdings Ltd (AAHL), on Thursday (June 25) unveiled plans through its wholly owned subsidiary, Adani Airport City Ltd (AACL), to develop integrated airport cities across six airports, with an investment of more than ₹20,000 crore in the first phase.
The development will span over 655 acres across airports in Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati, bringing together hospitality, retail, entertainment, convention and commercial infrastructure within integrated urban districts connected to airport and city transport networks.
As part of the first phase, approximately 22 million square feet of mixed-use development is planned across the six locations. The land bank includes nearly 440 acres in Mumbai and Navi Mumbai, which will account for close to 70% of the planned investment.
ALSO READ | Adani Enterprises shares could rise another 23% as Morgan Stanley banks on strong operations
Adani Airports said the allocation reflects the Mumbai Metropolitan Region's position as a commercial, financial and aviation hub. The airport city developments are designed as walkable districts where travellers, businesses and local communities can access hotels, offices, retail, dining, entertainment and convention facilities within a single ecosystem.
Jeet Adani, Director, Adani Airports Holdings Ltd, said, "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."
ALSO READ | Adani Group stocks gain on reports of prosecutors considering dropping charges; Stocks give up gains
According to the company, the initiative draws inspiration from airport districts in Singapore, Dubai, Amsterdam and Seoul and aims to create integrated developments around airport infrastructure.
Unlike conventional real estate developments, the Airport City model is designed around connectivity and experience. Rather than functioning as standalone developments, the districts are being planned as natural extensions of the airport ecosystem.
By integrating hotels, workplaces, retail, entertainment and convention facilities within a single master-planned environment, the developments aim to create vibrant, walkable destinations that contribute to the economic vitality of the surrounding cities.
ALSO READ | Adani Ports forays into South American market with 10-year LNG marine services contract
As part of the initiative, Adani Airport Holdings Ltd 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.
The development will span over 655 acres across airports in Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati, bringing together hospitality, retail, entertainment, convention and commercial infrastructure within integrated urban districts connected to airport and city transport networks.
As part of the first phase, approximately 22 million square feet of mixed-use development is planned across the six locations. The land bank includes nearly 440 acres in Mumbai and Navi Mumbai, which will account for close to 70% of the planned investment.
ALSO READ | Adani Enterprises shares could rise another 23% as Morgan Stanley banks on strong operations
Adani Airports said the allocation reflects the Mumbai Metropolitan Region's position as a commercial, financial and aviation hub. The airport city developments are designed as walkable districts where travellers, businesses and local communities can access hotels, offices, retail, dining, entertainment and convention facilities within a single ecosystem.
Jeet Adani, Director, Adani Airports Holdings Ltd, said, "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."
ALSO READ | Adani Group stocks gain on reports of prosecutors considering dropping charges; Stocks give up gains
According to the company, the initiative draws inspiration from airport districts in Singapore, Dubai, Amsterdam and Seoul and aims to create integrated developments around airport infrastructure.
Unlike conventional real estate developments, the Airport City model is designed around connectivity and experience. Rather than functioning as standalone developments, the districts are being planned as natural extensions of the airport ecosystem.
By integrating hotels, workplaces, retail, entertainment and convention facilities within a single master-planned environment, the developments aim to create vibrant, walkable destinations that contribute to the economic vitality of the surrounding cities.
ALSO READ | Adani Ports forays into South American market with 10-year LNG marine services contract
As part of the initiative, Adani Airport Holdings Ltd 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.
