The convention center will be located near the Navi Mumbai airport, providing a locational advantage with better connectivity compared to Jio World.
In February this year, Adani Realty had won a 24-acre reclamation redevelopment project near the Bandra-Worli sealink. The project includes around 6-8 million square feet of residential, commercial, and retail development, including a 25,000-seat convention center.
At present, the Jio World Convention Centre is the city's largest, with a total area of about 1 million sq. ft.
ICC, the convention center, will have a 5-star hotel with 275 rooms with total indoor area of about 1.2 million sq. ft, with 0.3 million sq. ft of space for vehicle parking and other purposes.
The upcoming convention centre spanning 1.5 million sq. ft, will be able to accommodate 15,000-20,000 people. It will be owned and managed by Adani Airport Holdings Ltd, despite of the fact that most of Adani's real estate projects are owned by Adani Realty.
The development will feature hospitality, corporate meeting spaces, and retail areas, creating a comprehensive ecosystem around the new airport. This investment is part of Adani Realty's broader strategy to expand its real estate footprint in Mumbai and other cities.
This ambitious project is expected to transform the area into a major hub for large-scale events, exhibitions, and social gatherings.
The MICE market (Meetings, Incentives, Conferences, and Exhibitions) is a significant segment of the travel and tourism industry.
The global MICE market was valued at $802.59 billion in 2023 and is expected to grow at a CAGR of 9.1% from 2024 to 2030. By 2032, the market is projected to reach $2,309.4 billion, registering a CAGR of 11.6% from 2023.
The Asia Pacific region, including India, is expected to experience the fastest growth due to increasing government support and infrastructural development.
Yashobhoomi, developed by the India International Convention & Exhibition Centre (IICC) Ltd, is India's largest convention and exhibition center. Located at the border of Delhi and Gurgaon in Dwarka, New Delhi, it offers state-of-the-art facilities for hosting national and international events.
Yashobhoomi has a 3,500 square meter banquet room equipped with high-spec audiovisual systems. It has an 8,000 square meter digital display visible from all sides. Totaling 51,000 square meters, these halls can be divided into four sections for simultaneous events. It has India's largest auditorium with a seating capacity of 6,000.
Yashobhoomi is part of a larger smart city project driven by the Government of India, aiming to create a comprehensive ecosystem for events, exhibitions, and entertainment.
About the Jio World Convention Centre, it is located in the Bandra Kurla Complex (BKC) in Mumbai and is one of India's premier venues for exhibitions, conventions, meetings, and social events. The convention center spans 1,03,012 sq. m., making it one of the largest in India. The center includes 25 meeting rooms and 2 business lounges, all equipped with cutting-edge technology.
The center is LEED Platinum certified, featuring an intelligent parking management system, over 5,000 dedicated parking spaces, and charging stations for electric cars.
The largest convention center in the Asia-Pacific region is the National Exhibition and Convention Centre (NECC) in Shanghai, China. It boasts an impressive 3.38 million square feet of exhibition space, making it one of the biggest in the world.
The Suntec Singapore Convention & Exhibition Centre is a world-class venue located at 1 Raffles Boulevard, Singapore. It offers 100,000 square meters of available floor space, making it one of the largest and most versatile convention centers in the region. The center can cater to events ranging from 10 to 10,000 people, with various customizable spaces.
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