Adani Airport City Limited (AACL) will invest around INR 10,000 crore in Mumbai and Navi Mumbai as part of its ambitious airport city development plan, with the Mumbai Metropolitan Region emerging as the biggest beneficiary of the company's nationwide expansion.
The investment forms part of AACL's INR 20,000-crore first-phase programme to develop integrated airport cities across six airports in India. Nearly 440 acres in Mumbai and Navi Mumbai have been earmarked for mixed-use development, including commercial offices, hotels, retail spaces, convention centres, entertainment hubs and business parks.
The company plans to develop around 22 million square feet of built-up space across Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati. The airport city projects are aimed at creating self-sustained urban hubs that generate employment, attract investment and improve passenger convenience through integrated commercial infrastructure.
According to the company, nearly 70 per cent of the first-phase investment will be concentrated in Mumbai and Navi Mumbai, reflecting the strategic importance of the region and the upcoming Navi Mumbai International Airport. The developments are expected to transform the airport surroundings into major economic and business districts while boosting real estate and infrastructure growth.