Latest news with #AmitArora
India Gazette
29-05-2025
- Politics
- India Gazette
Delhi HC permits Excise policy case accused Amit Arora to travel Dubai for treatment
New Delhi [India], May 29 (ANI): The Delhi High Court on Thursday granted permission to Delhi Excise policy money laundering case accused Amit Arora to travel to Dubai from June 6 to June 16. Arora had approached the court seeking permission to travel for medical treatment for himself and his minor son. Justice Ravinder Dudeja allowed the application to be moved on behalf of businessman Amit Arora, who is seeking permission to travel to Dubai. The High Court has directed the suspension of the LOC opened against him during this period. Arora moved an application through advocate Prabhav Ralli and sought permission to travel to Dubai, suspension of LOC, and release of his passport. The high court allowed the application subject to certain conditions, including that he furnish an FDR of Rs 20 Lakh. The bench has asked the counsel to appear before the joint registrar to fulfil the conditions. Advocate Prabhav Ralli submitted that the petitioner needs to travel to Dubai for medical reasons and does not pose a flight risk, as all necessary details have been disclosed in the petition. Arora had previously been granted interim bail on medical grounds and was later granted regular bail by the High Court on September 17, 2024. Amit Arora is the director of Gurugram-based Buddy Retail Pvt Ltd and is one of the key accused in the Delhi excise policy-linked money laundering case being probed by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA). The case also accuses political figures, including former Delhi Chief Minister Arvind Kejriwal, former Deputy Chief Minister Manish Sisodia, and AAP MP Sanjay Singh. After completing their investigations, the Enforcement Directorate and the Central Bureau of Investigation (CBI) filed charge sheets. The Supreme Court had granted Manish Sisodia bail in the excise policy matter. (ANI)
Forbes
08-05-2025
- Business
- Forbes
Delisting A Home: Why It Occurs And How To Avoid It
Learn how to avoid delisting your home. Although it is still a seller's market, with demand for homes steadily outpacing supply, another trend is emerging. Sellers are delisting their homes. 'Delisting a property means it is removed from the market,' says Brett Ringelheim, licensed real estate salesperson at Compass in New York. He notes that there are numerous reasons why a delisting may occur. And according to Amit Arora, chief investment officer at Opendoor, nearly 73,000 homes were removed from the market in December, 2024. Admittedly, some sellers may have delisted their homes for the busy holiday season. However, Arora says delisting is on the rise. And he points to Opendoor data showing a record-breaking 22% of homes delisted in July 2024 — nearly 60% higher than typical rates for that time of year. These are some of the reasons a home may be delisted, and advice to help avoid delisting. The reasons for taking a property off the market are plentiful. Vickey Barron, licensed associate real estate broker at Compass in New York, provides an extensive list of possible reasons. Sometimes, Barron says the seller just changed their mind, and decided that they no longer want to sell their it may be for a personal reason that they don't wish to share. 'In other instances, a family member or close friend wishes to buy the property off the market,' Barron explains. Or in the event of a divorce, she says one spouse may decide to keep the house. The real estate market may also affect the decision to delist. 'The market may not be in their favor, and they cannot get the price they need to make a move,' Barron says. In fact, some homeowners may decide to delist the property and then rent it out until the market picks up. 'This strategy makes sense if they do not need the money out of the home and believe the market will improve,' Barron says. Winter is my favorite season (no oppressive heat or flying insects), but it's not one of the best selling seasons for everyone. 'Perhaps the home looks particularly gloomy in the winter months, and sellers prefer to take a hiatus and wait until the spring to re-list,' Barron says. If a home isn't doing as well as expected on the market, it may need some work – and Barron says this could be significant or cosmetic. 'It is better to do the work first, and not have the days on the market accumulate,' Barron advises. There are also other possible reasons why a home may be delisted. For example, Barron says the listing may have expired, and the owner is delisting and then relisting wth a new agent/firm. 'The seller may have a good offer but can not find a place to move to, so they reject the deal and stay put,' she notes. Barron also provides a humorous reason. 'Their dog psychic tells them it is a no-go – and don't laugh, this really happened,' Barron says. 'Their astrologer, accountant, or friend advised them not to move, or at least not at this time.' In addition, it's possible that they were never genuine sellers and were testing the market out of curiosity. Often, Barron says the house was significantly overpriced, and the sellers were hoping to get lucky. However, it may not always be the case that the home was overpriced. 'Factor in high interest rates and home prices, and buyers increasingly can't meet sellers where they want to transact due to affordability,' Arora explains. It's not always possible to avoid the factors that may cause a property to be delisted. However, Ringelheim says real estate agents can reduce this risk by maintaining clear, open communication with sellers. 'Discuss potential buyer concerns early, price the property competitively, and address issues upfront,' he advises. Arora agrees, and says it's essential to price the home based on current market data and comparable sales. 'Being open to adjusting expectations and staying informed about local market trends can help keep your home attractive to buyers,' he says. In fact, when selling your home, Arora recommends that you consider the three C's: content, competition, and condition. Context: 'Homes sell most quickly from April through June, so sellers should be ready to go by the spring,' Arora says. He recommends determining if it's a buyer's or seller's market in your desired area, since this will help to determine your pricing strategy. Competition: 'Be aware of similar homes nearby that buyers might be considering, and how many of them there are,' Arora advises. The stronger the competition, the more you'll need to stand out, and he says this can be achieved with either price or condition. Condition: 'Buyers need to fall in love with the home, so it should be clean, highlight the key features that make it special, and be as close to a blank canvas as possible so buyers can easily envision themselves there,' Arora says. He notes that condition can also include upgrades and renovation trends.
Gulf Business
30-04-2025
- Business
- Gulf Business
Arada launches Nest Hotel brand at Aljada in Sharjah
Image: Supplied Arada has officially launched Nest Hotel, its first homegrown hospitality brand, during Arabian Travel Market (ATM) 2025. Operated by Arada Hospitality, the debut Nest Hotel will open this October in Aljada, Sharjah's Dhs35bn lifestyle megaproject. The 431-key property is the first completed hotel in Arada's 1,031-key hospitality and serviced apartment portfolio at Aljada. Nest Hotel Aljada: Central location, amenities Nest Hotel Aljada spans two smart buildings and is strategically positioned near Sharjah International Airport, University City, and directly adjacent to Nest Campus, Arada's student housing cluster. It also sits opposite the Arada Central Business District and within walking distance of Madar Mall, a popular family entertainment destination. 'Nest Hotel embodies Arada's dedication to creating quality and value-driven destinations that put people first,' said Ahmed Alkhoshaibi, Group CEO of Arada. 'We're launching this hospitality brand to ensure a guest experience that fosters a sense of community and wellbeing, starting with Aljada, Sharjah's most exciting urban destination.' Designed with insights from residents and travellers, Nest Hotel features a next-generation hospitality model. Rooms are equipped with smart tech such as mobile check-in, digital room access, and energy-efficient systems. Guests will also enjoy access to coworking lounges, a swimming pool, and an all-day dining venue. 'Nest Hotel is designed for travellers and visitors who expect more from their stay — more convenience, more energy and more connection to the surrounding districts,' said Amit Arora, COO of Arada. 'It's a next-generation hotel that offers both comfort and relevance to the modern guest, right in the heart of a thriving community.' Meets growing demand The hotel is poised to meet rising demand from both leisure and business travellers, particularly in the MICE sector. In 2024, Sharjah International Airport handled 17 million passengers, an 11 per cent year-on-year increase. Nest Hotel Aljada also caters to internal demand from within the Aljada community itself, which welcomed 8 million visitors last year. Its proximity to major institutions such as Sharjah Research Technology and Innovation Park (SRTIP) and Sharjah Airport International Free Zone (SAIF Zone), along with quick access to E311 and Al Dhaid Road, makes it a convenient choice for both regional and international guests. Read: Expanding the Arada hospitality portfolio Nest Hotel complements The Nest brand also builds on Arada Hospitality's existing offerings, including the Nest Campus student housing community, and a network of wellness and F&B ventures such as Wellfit, FitnGlam, FITCODE, The Platform Studios, Boost Juice, The Reformatory Lab, Hungry Wolves, and the popular Zad food truck destination.
Arabian Business
29-04-2025
- Business
- Arabian Business
ATM 2025: Sharjah to play a ‘pivotal role' when Dubai shifts airport operations to Al Maktoum, says Arada boss
Sharjah is 'gaining traction' for its historic relevance as a commercial and hospitality destination and will play a 'pivotal role' once Dubai International Airport (DXB) shifts its operations to Al Maktoum International Airport, Arada's Chief Operating Officer Amit Arora told Arabian Business in an exclusive interview. 'Sharjah predates Dubai and Abu Dhabi in many ways,' Arora said. 'If you go back in history, the first airport opened in Sharjah in 1932. In the 20s, trade and commerce were also taking place in the emirate – but a lot of it was forgotten. I think it is time to bring it back to life.' Arabian Travel Market 2025, taking place at Dubai World Trade Centre (DWTC). Arora noted that Sharjah International Airport continues to experience growth, with passenger numbers reaching 17.5 million last year, representing an 11 per cent increase from the previous year. 'When Dubai International Airport (DXB) moves to Al Maktoum International by 2032-2033, Sharjah will play a pivotal role in the Northern Emirates,' Arora said. He pointed to expansion plans for Sharjah International Airport, which serves as a hub for Air Arabia operations. This positions the emirate to benefit from increased air traffic in the region. Sharjah's newest hotel brand Responding to Sharjah's surging air traffic demands, Arada has launched its very first Nest Hotel, a mid-scale property with 431 rooms, adjacent to the Nest student campus in Aljada – Arada's flagship development which welcomed eight million visitors last year. 'With the pent-up demand and no hotel operating in Aljada, this is the first of many,' Arora said. 'This [Nest Hotel] is a very quick conversion of taking two buildings out, retrofitting them into a hotel, and bringing it to the market.' The property – which aims to 'do something very different,' through its 'tech-first' approach according to Arora – aims to cater to families visiting students at the campus, who currently lack accommodation options in the vicinity. According to Arora, Arada plans to open at least one hotel each year. Other brands, including Vida, Address and Anantara are scheduled to launch in Aljada in the coming years, adding more than 1,000 keys to the development. The company also intends to further expand the Nest Hotel brand beyond Aljada once operations stabilise, with potential for both Arada developments and third-party opportunities. 'People are looking for young, fresh, independent, easy conversion brands,' Arora explained. 'A lot of buildings, a lot of assets will be converted soon, and when you have a brand like Nest, it is a plug and play,' he explained, adding that Arada aims open the properties, stabilise it, and ensure its success before expanding to other Emirates.
Trade Arabia
29-04-2025
- Business
- Trade Arabia
Arada's new Nest Hotel brand to debut in Sharjah's Aljada
Arada has officially launched Nest Hotel, the master developer's first homegrown hospitality brand, which promises a vibrant and affordable experience with a blend of comfort, community and convenience. A midscale brand, Nest Hotel was launched during Arabian Travel Market (ATM) 2025, the leading travel and tourism exhibition taking place at the Dubai World Trade Centre from April 28 to May 1. Managed by Arada Hospitality, the first Nest Hotel will be located at the AED35-billion Aljada megaproject in Sharjah and is the first completed property in Arada's 1,031-key hotel and serviced apartment portfolio in the lifestyle community. Set to open in October, Nest Hotel Aljada will welcome guests to 431 smart, design-led rooms across two buildings, and is ideally located adjacent to the Nest Campus student housing cluster, opposite Arada Central Business District, Sharjah's new commercial hub, and five minutes' walk from the Madar Mall, a family entertainment and retail complex. Ahmed Alkhoshaibi, Group CEO of Arada, said: 'Nest Hotel embodies Arada's dedication to creating quality and value-driven destinations that put people first. We're launching this hospitality brand to ensure a guest experience that fosters a sense of community and wellbeing, starting with Aljada, Sharjah's most exciting urban destination.' Amit Arora, Chief Operating Officer of Arada, said: 'Designed with insights from Nest Campus residents and the wider Aljada community, Nest Hotel is designed for travellers and visitors who expect more from their stay; more convenience, more energy and more connection to the surrounding districts. It's a next-generation hotel that offers both comfort and relevance to the modern guest, right in the heart of a thriving community. 'Smart hospitality is at the core of the Nest Hotel experience, encompassing features such as mobile check-in, digital room access, energy-efficient systems, coworking lounges, a guest pool, and all-day dining,' Arora said.
