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The Adani Group is launching a massive real estate expansion. Adani Airports announced on Thursday that it will invest over 200 billion rupees ($2.12 billion) to develop major commercial hubs, or “airport cities,” across six key locations in India.
The ambitious project will transform more than 655 acres of land surrounding airports in Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur, and Guwahati. Inspired by world-class, transit-oriented global hubs like Singapore, Dubai, Amsterdam, and Seoul, these airport cities will feature a mix of hotels, retail centers, modern office spaces, and entertainment venues seamlessly integrated with existing airport infrastructure, News.Az reports, citing Reuters.
To maximize economic impact, nearly 70% of the multibillion-dollar investment will be poured directly into the Mumbai and Navi Mumbai developments, capitalizing on the region’s status as India’s premier financial capital.
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Adani Airports, which currently manages eight airports across the country, has already begun securing major partnerships to bring the vision to life. The company has signed an agreement with IHG Hotels & Resorts to develop five hotels for the project and is currently in advanced talks with leading global brands across the entertainment, food, and beverage sectors.
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