Adani Airport City Ltd (AACL) has announced plans to invest more than 20,000 INR-Crore in the first phase of its Airport City development programme. The projects will span over an anticipated 655 Acres across six airports in Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati. AACL, a wholly owned subsidiary of Adani Airport Holdings Limited (AAHL), will develop approximately 22 Million-SqFt of mixed-use infrastructure.
The Adani Airport City projects will include hotels, office spaces, retail outlets, entertainment facilities, convention centers and lifestyle infrastructure. The developments will integrate with airport terminals, Metro systems and urban transport networks. Additionally, AACL has signed hotel management agreements with IHG Hotels & Resorts for five premium and luxury hotels, including the debut of the Kimpton brand in India. The company also stated that all Airport City developments have received LEED Gold pre-certification.
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The Adani Airport City projects aim to expand commercial infrastructure around major airports across five states. Furthermore, the developments will create integrated airport-linked urban districts with hospitality, retail and business infrastructure. The first phase also reflects continued investment in aviation-led real estate and mixed-use development across India.
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