Overview
- Adani Airport City Limited announced on Thursday that it will invest more than Rs 20,000 crore in the first phase of an airport‑city programme.
- Phase one will develop roughly 22 million square feet of hotels, offices, retail, entertainment and convention space across six airports using a land bank of more than 655 acres.
- Mumbai and Navi Mumbai account for nearly 440 acres and will attract about 70% of the initial investment, reflecting a heavy focus on the Mumbai metropolitan region.
- AACL has signed hotel management deals with IHG, including the Kimpton brand’s India debut, and engaged global architects and builders such as KPF, Benoy, L&T and Tata Projects while securing LEED Gold pre‑certification for the projects.
- The company says it has secured approvals and begun construction at four sites (Navi Mumbai, Ahmedabad, Lucknow and Guwahati) but has not published detailed timelines or full phased delivery schedules for the programme.