Latest news with #Aerocity
Skift
5 days ago
- Business
- Skift
Hilton's Twin Hotel Project in Delhi: Waldorf Astoria Coming to Aerocity
India's booming travel space is a beckoning call for all players, and Hilton is no exception. The latest signing in Delhi is testament that the Indian travel landscape has capacity to support every possible brand strategy, provided it comes at the right time and with the right gusto. Hilton on Wednesday signed two new hotels set to come up in Delhi Aerocity, including a Waldorf Astoria-branded property. The other hotel will be developed under the Hilton Hotels & Resorts brand. The signing, done in partnership with GMR Group-led Delhi International Airport Limited (DIAL), will mark the debut of both the brands in New Delhi. This is also the second Waldorf Astoria property in India, after Jaipur. Collectively, these two hotels will have an inventory of 500 keys: 150 rooms in Waldorf Astoria and 350 rooms in Hilton. According to Chris Nassetta, president and CEO of Hilton, the signing is a part of Hilton's long-term strategy in India. 'As we continue to accelerate our growth in South Asia, these landmark properties and partnerships play a pivotal role in expanding Hilton's portfolio,' he said. 'This signing is another step in our goal to grow our India portfolio to 10 times its current size in the next decade, supported by vast infrastructure investment and increasing appetite for travel,' said Alan Watts, president, Asia Pacific at Hilton. Hilton's India Ambition: Last month, Hilton announced its ambitious expansion plans in India. At present, the company has 32 hotels in India with 29 more in the developmental pipeline. If all goes as planned, this figure will increase to 300 properties in 10 years. Supplementing this growth, Hilton is also planning to introduce five new Hilton brands in the country, including Curio Collection by Hilton and Signia by Hilton this year, LXR Hotels & Resorts in 2026, and Waldorf Astoria by 2028. India will also be the first market in Asia Pacific to debut Hilton's entry-level brand - Spark by Hilton, under which the company plans to have 150 properties starting with Goa. 'There's no market with more opportunity and higher growth than India,' Nassetta said during the Hilton Brand Showcase last month. 'What's been happening in the hospitality market in India over the l
Mint
08-05-2025
- Business
- Mint
NCR is an important market for Prestige, says chairman Irfan Razack
Bengaluru: Prestige Group, one of the fastest growing real estate firms, has entered the National Capital Region (NCR) residential property market as it looks to broaden its presence across geographies. The Bengaluru developer has launched the first phase of 'The Prestige City' – a 62.5 acre, mixed-use township in Ghaziabad's Indirapuram Extension. The project, which will have a total gross development value (GDV) of ₹ 12,000 crore, is Prestige's biggest launch this year. The real estate firm said it had already sold around 1,200 units for around ₹ 3,000 crore within a week of launching the project. The Delhi-NCR property market is not entirely new for the Prestige Group. It is currently developing a mixed-use project at Delhi's Aerocity. The project will have two hotels under the 'St Regis' and 'Marriott Marquis' brands, along with convention and office space. Prestige now wants to make it big as a residential developer in the market. 'NCR is an important market for us. Each property market has its own nuances, price points and customer preferences and we have to plan projects accordingly. The location of a project is also a key factor. I think we have priced the Indirapuram project sensibly, and it has found favour among customers,' Prestige Group's chairman and managing director Irfan Razack told Mint in an interview. The apartments at Prestige City-Indirapuram are priced between ₹ 1.5 crore and ₹ 4 crore. It will also have villaments, and 4000-6000 sq ft penthouses. Unlike MMR, a property market that it entered a little over three years ago, where sourcing land is an issue, Prestige pursued the redevelopment route to expand its portfolio. Razack said in the NCR market, it will look to build the business through greenfield projects. It will do a mix of outright land buying and joint developments. Besides the Indirapuram project, Prestige plans to develop a niche luxury project in KG Marg, Delhi, going forward, and has another project lined up in Noida's Sector 150. Both projects need to receive regulatory approvals. 'We are looking at more opportunities in Gurugram, Delhi and other places, but we will acquire land only if it makes sense to us,' Razack said. Prestige's entry into NCR, once India's largest property market, is during a time when residential sales have been strong, and large, branded developers have gained market share. In NCR, Prestige will compete with the likes of DLF Ltd, India's largest real estate firm in Gurugram, and Godrej Properties Ltd in Noida, among others.
The Hindu
21-04-2025
- Sport
- The Hindu
Shuttle talk underlines the health of Indian sports
It was an evening of lively conversation on Indian sports, triggered by the discussion on the 'Shuttlers of Bharat', the stories in the book Net Flicks, authored by Vijay Lokapally and Akshay Lokapally. In the nice ambience of the Aerocity, the president (sports) of GMR Group, PKSV Sagar, assured that the company was keen to nurture sports beyond cricket, and revealed that a lively Rugby League was ready to unfold with the best players from around the world from June 1 to 15. 'We are interested to grow sports', said Sagar, even as he recalled reading the cricket reports of Vijay, and expressing his keenness to read the book on badminton. The Lokapallys recalled the fascinating journeys that they undertook to meet the badminton players, coaches, and others related to the sport, across the country, in putting together the book as a tribute not only to the stars of the past, but also to the splendid growth the game has shown in the last decade. 'Sunil Gavaskar watched Prakash Padukone whenever he could, but he always made it a point to have sessions with Nandu Natekar, as badminton helped his cricket, with foot work and stamina,' said Vijay as he gave an insight into the bond that the top sportspersons shared across disciplines in a different era. 'We used to have one badminton court for the whole district, that too in cement. Now we have 10 badminton academies in Uttarakhand. The game has really grown with good coaching and infrastructure,' said the former DGP of Uttarakhand, and now the Vice Chancellor of Haryana Sports University, Ashok Kumar. Vijay paid rich tributes to coaches Md. Arif and Gopi Chand for the tremendous growth of the game across the country, and pointed out that they stressed on education for overall development of the player. 'If we get to host the Olympics in 2036, our target would be 70 medals. For Haryana, our target is 36. We need to diversify and focus on all the medals that Olympics offers', said Ashok Kumar. Expressing gratitude to the badminton fraternity, Akshay said that all the people that the authors spoke to, were 'genuine, welcoming and very happy to share their experience. They are all connected and have great camaraderie'. Mohit Gupta of Frob (Friends of Books), engaged the authors and the special guests in a nice conversation, to make it a memorable evening for everyone present, underlining the point that the book was treasure trove of Indian badminton.
