Development initiative by Adani Group underway at 8 airports, aimed at developing 655 acres of city side areas
The Adani Group, a leading conglomerate in India, has unveiled ambitious plans for the development of city-side projects at eight airports over the next five years. This phased rollout involves significant investment and infrastructure expansion, with the group set to invest nearly Rs 96,000 crore in its airport business.
The development includes new terminals and expansions at several airports such as Ahmedabad, Jaipur, Thiruvananthapuram, Lucknow, Guwahati, Navi Mumbai, and Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA).
At Sardar Vallabhbhai Patel International Airport (Ahmedabad), the work will be executed in two phases. The new integrated terminal construction is scheduled to be completed by March 2026, aiming to be fully operational before 2036 to support global events like the potential hosting of the Olympics.
Navi Mumbai International Airport, one of the key projects, has been structured for development in three phases. Phase 1 will handle over 20 million passengers annually, while Phase 2 is expected to increase capacity to 60-65 million passengers. The final phase will expand capacity further to over 90 million passengers and 2.5 million tonnes of cargo per annum by 2032.
The airport ecosystem currently includes seven operational airports, with Navi Mumbai Airport joining the portfolio soon. Its second terminal's construction is scheduled to begin 6-12 months after the airport becomes operational, expected around late 2025.
The city-side developments are part of a broader five-year rolling investment programme intended to deepen Adani’s footprint in India, emphasizing urban connectivity and infrastructure readiness aligned with future growth opportunities in aviation demand within India, rather than international expansion.
Meanwhile, the Adani Group's total consolidated external debt stands at nearly Rs 61,500 crore as of June 2025. The group's airport business carries a debt of Rs 30,900 crore, with Rs 14,600 crore in roads. Additionally, Rs 8,700 crore of the total debt is in the company's Australia project.
Despite these financial commitments, the group's airports division reported a 25% growth in income during the first quarter of FY26, with revenue of Rs 10,224 crore. However, slack performance in Integrated Resource Management, commercial mining, and the new energy ecosystem has dragged the consolidated profit margins of Adani Enterprises Ltd by 45 per cent year-on-year during the first quarter of financial year 2025-26.
The trading instability globally is expected to last through the year, according to company officials. Despite this, the Adani Group remains committed to its airport expansion plans, aiming to significantly enhance both airport and city-side infrastructure to cater to rapidly growing passenger and cargo demands in India.
The city-side development includes hotels, retail spaces, convention centers, commercial spaces, offices, food and beverages, entertainment, and other development. The group has initiated a three-phase development of 655 acres of land for city side development across eight airports in India.
Sources: [1] Business Standard, Adani Group to invest Rs 96,000 crore in airport business over next 5 years, [https://www.business-standard.com/article/companies/adani-group-to-invest-rs-96-000-crore-in-airport-business-over-next-5-years-123053000978_1.html]
[2] The Economic Times, Adani Group to invest Rs 96,000 crore in airport business over next 5 years, [https://economictimes.indiatimes.com/news/company/corporate-trends/adani-group-to-invest-rs-96000-crore-in-airport-business-over-next-5-years/articleshow/99095702.cms]
[3] Financial Express, Navi Mumbai airport to handle 90 million passengers annually by 2032, [https://www.financialexpress.com/industry/aviation/navi-mumbai-airport-to-handle-90-million-passengers-annually-by-2032/2423685/]
[4] Livemint, Navi Mumbai airport to get operational clearances by October, [https://www.livemint.com/news/india/navi-mumbai-airport-to-get-operational-clearances-by-october-11663528523550.html]
- The Adani Group's airport business, part of a broader five-year investment program, aims to develop city-side projects at eight airports, including new terminals and expansions, investing nearly Rs 96,000 crore.
- The group's airport ecosystem includes seven operational airports, and Navi Mumbai Airport is set to join the portfolio, expected to operate by late 2025, with the second terminal's construction scheduled to start 6-12 months later.
- The phased development of Navi Mumbai International Airport will enhance its handling capacity from 20 million to over 90 million passengers per annum, catering to growing demands in India.
- The Adani Group's airports division reported a 25% growth in income during the first quarter of FY26, despite financial commitments and slack performance in some sectors such as Integrated Resource Management, commercial mining, and the new energy ecosystem.
- The city-side development across eight airports includes hotels, retail spaces, convention centers, commercial spaces, offices, food and beverages, entertainment, and other development, all part of a three-phase development of 655 acres of land.
- Despite the current global trading instability, the Adani Group remains committed to its airport expansion plans, focusing on enhancing both airport and city-side infrastructure to support India's rapidly growing passenger and cargo demands.
