Synopsis: Adani Airport City Limited (AACL) has announced a Phase 1 investment of over ₹20,000 crore to develop integrated airport cities across five states. The plan covers over 655 acres and of approx. 22 million sq. ft. of mixed-use space, marking a structural shift in how Indian airports generate revenue and serve their surrounding urban economies.
India’s airport capabilities have gone far beyond just having a runway. Adani Airport City Limited (AACL), a wholly-owned subsidiary of Adani Airport Holdings Limited (AAHL) will be reimagining their airline assets into integrated urban hubs, including hotels, retail stores, office spaces, entertainment and convention venues across pedestrian friendly, transit-accessible micro-neighbourhoods that mirror world class examples like the aero-cities around Singapore Changi, Dubai International, Amsterdam Schiphol and Seoul Incheon.
- Total investment (Phase 1): More than ₹20,000 crore
- Total land bank: More than 655 acres spread across airports across 5 states
- Total built-up area: Approximately 22 million sq. ft.
- Hospitality partnerships: The Adani Group’s Mumbai International Airport, as a part of AAHL, has also entered into hotel management agreements with IHG Hotels & Resorts to manage 5 luxury and premium hotels. This includes bringing the ‘Kimpton’ brand to India for the first time.
- Sustainability: The AAHL Airport City developments are already in line with USGBC’s LEED Gold pre-certification, recognizing efficient energy use, sustainable design, accessibility through pedestrian walkways and the provision of spaces which offer public amenities and services.
- Design & Architecture partners: KPF(Kohn Pedersen Fox), Benoy, and Znera Space
- Construction partners: L&T(Larsen & Toubro), PSP Projects Ltd., and Tata Projects Ltd.
- Consulting & Project Management: CBRE, JLL, and Cushman & Wakefield
Airport-Wise Breakdown Across Five States
1. Maharashtra: Mumbai Airport | Chhatrapati Shivaji Maharaj International Airport
Almost 70% of the total ₹20,000 crore investment has been planned in Mumbai and Navi Mumbai owing to its standing as India’s biggest commercial aviation hub. These projects intend to be a truly walkable urban precinct whereby all traveling as well as locals from residential areas would have access to hotel accommodations, corporate workspaces, shopping, entertainment venues, dining, and conventions within a complete mix of mixed development integrated with the airport’s city transport network and Metro 3 (Aqua Line).
- The nearby places which would be affected by this airport Andheri East, Bandra-Kurla Complex (BKC), Santacruz & Vile Parle, Jogeshwari & Goregaon East and the average property prices approximately ranges from ₹20,000 per sq ft to ₹45,000 per sq ft.
2. Maharashtra: Navi Mumbai International Airport (NMIA)
The NMIA Aerocity of 245 acres masterplan is almost complete with a 35 million sq ft environmental approval and some works of construction have already started. December 25, 2025 was significant for NMIA as its first scheduled commercial flight operated by IndiGo took off. This aerocity is the biggest project in the NMIA programme. The major catalyst for development here is the 35 km long Gold Line (Metro Line 8) which will connect Chhatrapati Shivaji Maharaj International Airport (CSMIA) to NMIA through crucial areas like Kharghar. The type of developments like the Mumbai Aerocity: luxury hospitality, office space, retail and MICE, will feature here in an even grander scale with respect to the area planned.
- The real estate zones which would be affected by this airport Ulwe, Panvel, Kharghar, Taloja and the average property prices approximately range from ₹13,850 per sq ft to ₹17,750 per sq ft.
3. Gujarat: Ahmedabad Airport | Sardar Vallabhbhai Patel International Airport (SVPI)
Ahmedabad is among the four locations across all the approvals, and construction partners were finalized in FY26. The project under the City Side Development is situated in Hansol, Sardarnagar over a plot of 15.16 acres having a build up area of 2,43,590 sq m and is in the vicinity of the SVPI airport in the southeast. The City Side Development project will comprise of retail including entertainment (multiplex, VR, games zone), and F&B outlets business centre including a Convention Centre and Flexi Offices, performance arts centre, hotel. Ahmedabad metro phase expansions would be around this zone as well due to which connectivity would become better.
- The nearby places which would be affected by this airport Hansol & Sardarnagar, Sanand, Shela & South Bopal and the average property prices starts approximately from ₹6,400 per sq ft.
4. Uttar Pradesh: Lucknow Airport | Chaudhary Charan Singh International Airport
Lucknow masterplan drafted over 110 acres and the development has begun at site Adani group to rebuild Chaudhary Charan Singh International Airport including a mega terminal, cargo terminal and parking for 4,000 cars. It will create jobs for around 25,000 people. Once built it will function as a MICE and retail, hospitality, office hub for North India. Chief Minister Yogi Adityanath has branded the city as ‘Aero city’ and ‘AI City’ which will boost development of commercial hubs.
- The real estate zones which would be affected by this airport Gomti Nagar Extension, Shaheed Path, Sushant Golf City, Sultanpur and the average property prices approximately range from ₹4,000 per sq ft to ₹15,000 per sq ft.
5. Rajasthan: Jaipur International Airport
Approvals for Jaipur are in an advanced stage and construction work is likely to begin shortly. The city’s robust tourism and hospitality sector, both cultural experiences, premium retail, and convention space could act as the bedrock of the airport city model in Jaipur. Jaipur-based Airport City Model set to fly soon Airport. A Smart City designation for Jaipur city will further hasten investment into the infrastructure around the airport corridor.
- The nearby places which would be affected by this airport are Jagatpura, Tonk Road, Malviya Nagar, Ajmer Road, Mahindra World City (Kalwara), and the average property prices starts approximately from ₹4,000 per sq ft up to ₹14,000 per sq ft.
6. Assam: Guwahati Airport | Lokpriya Gopinath Bordoloi International Airport
This is one of the four airports, which has received all approvals and appointed construction partners. This is the program’s entry point to Northeast, which has added considerable capacity over the last few years. Project development here is expected to complement the increasing trade, tourism and connectivity ecosystem of the Northeast region. Mixed-use development plans have been adopted as focus on activation of the region and also provides passenger-centric retail and hospitality components to the airport precinct.
- The nearby places which would be affected by this airport are Khanapara, Azara, Baihata & Narengi Corridors, Jalukbari & Dispur, Kahilipara & Ganeshguri and the average property prices starts approximately from ₹5,250 per sq ft up to ₹7,000 per sq ft.
Future Outlook
The Airport City concept seeks to initiate the economic development far greater than passenger numbers through the establishment of integrated commercial and tourist ecosystems. This is a transition that takes AAHL airports beyond transit points and beyond into facilitators of long-term urban development. With work already commenced on four projects and the world’s leading players onboard, Phase 1 will set the commercial tone for aviation real estate in India over the next decade.
