Latest news with #Delhi
Hindustan Times
4 hours ago
- Business
- Hindustan Times
NeoLiv sells 263 residential plots for over ₹300 crore in Haryana
Mumbai-based NeoLiv, a fund-led real estate developer, has sold 263 plots in its first residential project NeoLiv Grand Park in Kundli-Sonipat, Haryana, generating sales worth over ₹300 crore. NeoLiv said it has sold the entire inventory in its first debut project 'NeoLiv Grand Park' located in Sector 70 at Kundli-Sonipat, Haryana, generating sales worth over ₹300 crore. The project is spread across 19.46 acres and offered 263 plots for sale. The project is designed by world renowned Architect Hafeez Contractor and UK headquartered BDP India and includes a 3-acre urban forest and a 30,000 sq ft club, the statement said. Located in Sonipat, NeoLiv Grand Park lies within a few minutes from North Delhi and near the upcoming Delhi Metro Line, Delhi-Sonipat Rapid Rail, KMP Expressway and UER -2, the statement said. 'The overwhelming response to NeoLiv Grand Park reaffirms buyer's preference to place their trust in professionally driven and fund backed real estate developers with a deep understanding of consumer preference, meticulous -planning and high focus on delivering high quality products,' said Mohit Malhotra, founder and CEO of NeoLiv. NeoLiv is founded by Mohit Malhotra (former MD and CEO of Godrej Properties) and industry experts in partnership with 360 ONE, a wealth management firm with over $65 billion in assets under management.
Khaleej Times
7 hours ago
- General
- Khaleej Times
India: Active Covid-19 cases cross 4000, 5 deaths reported in a day
The number of active Covid-19 cases in India is currently 4026, according to data shared by the Ministry of Health and Family Welfare on Tuesday. A total of five new Covid-19 deaths have also been reported in the country in the past 24 hours. Kerala continues to have the maximum number of cases, standing at 1416, followed by Maharashtra (494), Gujarat (397), and Delhi (393). Karnataka, Haryana, Tamil Nadu and Gujarat also recorded a sharp increase in active cases over the last few days. The spike is attributed to a highly transmissible new variant, several Indian media reports say. The highly contagious COVID-19 variant NB.1.8.1, along with LF.7, has been circulating rapidly in India and many other Asian countries. Elderly patients among the decased The five deaths recorded in the past day were one each in Kerala, Tamil Nadu and West Bengal and two in Maharashtra. Among the deceased were elderly patients, including an 80-year-old male from Kerala with severe pneumonia and a 73-year-old woman in Maharashtra with diabetes and hypertension. West Bengal reported its first COVID-related death of 2025 on Tuesday. A 43-year-old woman from Alipore in Kolkata, who had been on ventilator support at a private hospital for a week, succumbed to the virus. According to hospital sources, she was also suffering from Acute Coronary Syndrome, septic shock, and acute kidney injury. India has has recorded 32 Covid-related deaths since January 1. Severity of infections low Officials from the Indian Council of Medical Research and the health ministry have stated that the COVID-19 situation in India is being closely monitored while stressing that the severity of infections is low, with most of the patients being under home care and that there was no cause for worry. Dr Rajiv Behl, Director General of ICMR, on June 2 stated that genome sequencing of samples in West and South have shown that the variants leading to the current rise in cases are not severe and are sub variants of Omicron only.
Arab News
9 hours ago
- Business
- Arab News
Saudia's budget carrier Flyadeal to launch flights to India next year
NEW DELHI: Saudi budget carrier Flyadeal is planning to launch flights from the Kingdom to India next year, its CEO said, as industry leaders gathered in New Delhi for the International Air Transport Association's annual summit. Established in 2017, Flyadeal is a subsidiary of the Saudi national flag carrier, Saudia. Headquartered in Jeddah, the airline primarily serves domestic routes and has, over the past few years, expanded to international destinations in the Middle East, Europe, and North Africa. It currently reaches some 35 destinations. Another five or six will be added in India soon. 'We're planning to launch flights from the Kingdom to India next year,' Flyadeal's CEO Steven Greenway told Arab News on the sidelines of the IATA meeting on Monday. 'We're talking about five to six (destinations) in our first year alone — so quite a lot, and mostly secondary cities ... Our sister carrier Saudia will remain in Delhi and Mumbai. We're looking at the secondary cities.' While he expects the airline's upcoming India operations to address mostly labor traffic, tourists are a growing group too, as Saudi Arabia is heavily investing in tourist destinations. In the past few years the Kingdom has seen significant developments at its eight UNESCO World Heritage Sites, eco-friendly and luxury resorts on the Red Sea coastline, and entertainment and sports complexes. With their vast promotion, also involving Bollywood stars, more and more Indians are willing to visit Riyadh, Jeddah, or AlUla. 'You've got a country which is now open for business, which is now deploying key strategic initiatives that are going online — the Red Sea resorts and so forth. That will bring tourism,' Greenway said. 'I would like to think that we could probably have anything between 5 and 10 percent of our total traffic coming from India over the next couple of years.' Tourism is booming in Saudi Arabia under the Vision 2030 diversification plan, with the sector expected to contribute 10 percent of the gross domestic product. The Saudi Tourism Authority announced last year that it expected India to become its key inbound market, with 7.5 million Indian travelers visiting the Kingdom by 2030.
Skift
17 hours ago
- Business
- Skift
India's Hotel Boom: Surging Room Revenue and Global Investment
With close to 80 signings and more than 30 openings, the Indian hotel industry had a strong momentum during the first three months of 2025. It remains to be seen how geopolitical disruptions affected the sector in the coming months. India's hotel industry recorded strong growth in the first quarter of 2025, according to real estate firm JLL: The sector's revenue per available room (RevPAR) was up 16.3% year-on-year and 8% from the previous quarter. During the quarter, 79 new hotels were signed with nearly 9,500 keys, and 31 new branded hotels opened, accounting for over 3,200 rooms. Bengaluru alone had a 38.3% year-on-year surge in RevPAR during the January-March quarter, driven by higher occupancy and average daily rates due to the Aero India 2025 event. Delhi and Mumbai both recorded a 20% jump in RevPAR. Increase in Investments: According to the real estate firm, the quarter signals a sustained growth in the accommodation space in India as investor confidence rises. JLL estimates that the country's hotel sector is likely to attract $1 billion in investments by 2028, up from $340 million recorded in hotel transactions last year. 'We are witnessing a transformation in the market that balances immediate performance gains with strategic long-term positioning across all tiers and segments,' said Jaideep Dang, managing director, Hotels and Hospitality Group India at JLL. JLL noted that in the first quarter of the year, notable transaction activity has already taken place: Chalet Hotels acquired 141-key The Westin Resort & Spa, Rishikesh for approximately INR 5.3 billion ($62 million). The investment landscape in the sector is heating up. Last month, Marriott International announced its first direct investment in the Indian hotel sector with a 'small equity investment' in hotel management fir
Zawya
a day ago
- Business
- Zawya
Sanad and AerCap Materials finalize landmark AED 400mln engine and airframe component portfolio sale
Historic Asset Sale Transaction for Engine and Airframe Components: Sanad and AerCap Materials finalize an AED 400 million (USD $110+ million) component sale, reshaping global aftermarket capabilities. Strengthening Global Component Access: The deal includes 6,000+ high-demand Engine and Airframe components, on-lease and off-lease, covering Airbus, Boeing, and Embraer platforms in more than 20 countries. Meeting Urgent Demand: With global supply chain disruptions ongoing, the transaction provides immediate access to high-demand components, helping airlines maintain fleet reliability and operational continuity. Strategic Collaboration for Growth: The agreement reinforces Sanad's leadership in aviation asset management and AerCap Materials' role as a key enabler of aftermarket solutions in a constrained global supply environment. Delhi, India – Sanad, a global leader in aerospace engineering and leasing solutions and a wholly owned subsidiary of Mubadala Investment Company PJSC (Mubadala), has finalized one of the largest Engine and Airframe component sales with AerCap Materials, the materials business of AerCap—the world's largest aviation leasing company—and a leading global distributor of airframe and engine materials for commercial aircraft and engine manufacturers. The agreement was signed during the IATA Annual General Meeting (AGM) in Delhi, the world's leading forum of airline leaders focused on shaping the future of air transport. Valued at over AED 400 million (USD $110 million), this landmark transaction represents a pivotal step in advancing aviation asset management, reinforcing both companies' commitment to enhancing component availability, optimizing operational efficiency, and building a more resilient global supply chain in a rapidly evolving aviation industry. Unprecedented Scale and Impact Encompassing a comprehensive range of more than 6,000 high-demand aircraft components, the portfolio spans multiple, lessees and aircraft platforms, including: Airbus: A220, A320, A330, A340, A380 Boeing: 737, 777, 787 Embraer: E-Jet series. The portfolio includes on-lease components actively supporting airline and Maintenance Repair and Overhaul (MRO) operations globally, as well as off-lease components strategically positioned to meet surging demand. The scale and immediate readiness of this inventory set a new industry benchmark for efficient and responsive asset management. With ongoing supply chain constraints impacting operators globally, this transaction ensures immediate availability of critical aircraft components, enabling airlines to maintain fleet reliability and operational efficiency. A Strategic Alliance This landmark agreement underscores AerCap Materials' strategy to scale its aftermarket offerings and meeting the evolving needs of its global customer base while enabling Sanad to optimize its portfolio and redirect capital into strategic growth initiatives. Mansoor Janahi, Managing Director and Group CEO of Sanad commented: "This complex and transformative transaction reflects Sanad's commitment to build a more resilient aviation supply chain and fostering strategic partnerships that create long-term value for the industry. Over the last decade, we've built a robust pool of components, and through this partnership with AerCap Materials, we're extending access to critical assets across the industry. AerCap's ability to manage leasing complexity ensures continued value for our customers while allowing Sanad to accelerate its next phase of growth." By integrating Sanad's extensive inventory, AerCap Materials significantly expands its ability to support airlines worldwide with parts for the most widely operated aircraft in the world, reinforcing its position as a trusted and agile partner for commercial operators. Aengus Kelly, Chief Executive of AerCap, added: "This acquisition significantly strengthens our inventory breadth and enhances our responsiveness to customer needs, particularly during a time when airlines are navigating ongoing supply chain disruptions. Partnering with Sanad enables us to scale faster and deliver innovative, tailored solutions to our customers on a global scale. We thank Sanad for the trust they have placed in AerCap and look forward to a long and fruitful partnership." Powering the Future of Aviation Aftermarket Services The collaboration reflects a shared vision to align complementary expertise, improve aviation services synergies and expand global reach. Together, Sanad and AerCap Materials are better positioned to address dynamic market needs while delivering greater efficiency, innovation, and resilience across the global aviation ecosystem. About Sanad Sanad Group (Sanad) is a global aerospace engineering and leasing solutions leader headquartered in Abu Dhabi and wholly owned by Mubadala Investment Company PJSC. With over 37 years of operational experience, Sanad provides leaders in commercial aviation with world-class maintenance, repair, and overhaul (MRO) services and financing solutions. Visit us at Follow us on Instagram, Facebook, and LinkedIn @TheSanadGroup For more information, please contact: Hasna Abouseir habouseir@ About AerCap AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai and other locations around the world. About AerCap Materials AerCap Materials is the leading distributor of airframe and engines material for commercial aircraft and engine manufacturers. We provide spares distribution, financing and leasing solutions, supply chain management solutions, and dismantling expertise to more than 850 customers globally. AerCap Materials is accredited to ASA-100, Aircraft Fleet Recycling Association (AFRA), and certified to ISO 9001:2015/AS9120B. With more than five decades of aftermarket experience and one of the largest inventories, AerCap Materials has the experience, expertise and solutions tailored to meet customer supply chain requirements, around the clock and around the world.
