Adani Airports is set to invest Rs 20,000 crore in cityside infrastructure across its airports portfolio, with nearly 70% of the capital earmarked for developments at Mumbai and Navi Mumbai airports. The move is part of a strategic pivot to grow its non-aeronautical revenue base, The Economic Times reported.
The company aims to increase the share of non-aero income to 70% of total revenue by 2030, up from the current industry average of 50%. By the end of the decade, aeronautical revenue will contribute less than 30%, with city-side projects driving the bulk of growth, according to Adani Group, the report mentioned.
The centerpiece of this plan is a 240-acre mixed-use development at Navi Mumbai International Airport, which is expected to begin operations in October. The first phase, covering 50 acres, will include five hotels with 1,000 rooms, a shopping mall, office towers, and limited service apartments. Completion is targeted by 2031, added the report.
Inspired by global airport cities like Amsterdam's Schiphol and Zurich's Rhe Circle, Adani's model aims to create business districts that attract both travelers and local residents. The group said that discussions are underway with leading hospitality chains to manage the new properties, it mentioned.
Adani Airports reported Rs 2,715 crore in revenue for Q1FY26, making a 25% year-on-year growth. The company also raised $750 million in June through external commercial borrowings to refinance debt and expand its retail, F&B, and duty-free operations.
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