Adani Airports has plans to make a Rs 20,000-crore phased investment into city-side developments, focusing 70 percent of it on Mumbai and Navi Mumbai airports.

The strategy aims to shift revenue generation from aeronautical services to non-aeronautical segments such as retail, hospitality, and commercial real estate. The goal is to increase non-aero revenue from the current 50 percent to 70 percent by 2030. Arun Bansal, CEO of Adani Airports, said this approach will create a more resilient business model.

The centrepiece is a 240-acre parcel at Navi Mumbai International Airport, with phase 1 scheduled to launch in October 2025. The zone will include five hotels (1,000 keys), three office towers, a mall, and limited service apartments. The first phase will cover 50 acres and conclude by 2031. Inspired by successful global airport cities like Schiphol, Zurich’s “The Circle”, and Sydney, Adani is designing mixed-use, walkable districts.

The company is also in talks with top hospitality chains for hotel operations. Development at Mumbai Airport is restricted by existing regulations, making Navi Mumbai more viable under its concession agreement. In Q1 FY26, the airport business earned Rs 2,715 crore—a 25% YoY rise.