Business
Scoop: New York-Based Luxury Watchmaker Jacob & Co To Make Real Estate Debut In India In Partnership With a Delhi-NCR Based Realtor
The Indian Luxury Real Estate market has been grown rapidly and the future is bright, as shown by industry reports. The lucrative sector has been attracting foreign investors and in this sequence, soon another name is going to make its debut. According to sources, Jacob & Co., the New York-based high-end jewellery and watchmaking house founded by Jacob Arabo, is set to make its India debut.
While the official announcement is likely this week, industry insiders suggest that Jacob & Co. has selected one of the leading developers of the country based out of Delhi-NCR to partner with for its first residential project to the country. It is heard that among the many proposals received, Jacob’s team zeroed in on this Indian developer for their India foray with a focus on luxury projects.
Arabo, known for his creations such as the Billionaire Watch and Astronomia Tourbillon, has taken Jacob & Co. from its beginnings in New York to major luxury destinations including Geneva and Dubai. “A potential India foray would further expand this global presence and tap into the country’s growing community of affluent buyers seeking design, craftsmanship, and exclusivity,” said the sources.
Manish Raheja, Luxury Real Estate Expert, said, “The entry of Jacob & Co. into India’s real estate sector is a landmark development that will redefine the contours of the super-luxury housing market. Delhi-NCR, already home to some of the country’s most discerning buyers, is poised to witness a new era of experiential living where design, exclusivity, and global craftsmanship converge. Jacob & Co.’s association with Indian real estate signals a maturing market that is ready for the world’s most aspirational brands. This move will undoubtedly set a new trend in branded residences and further elevate India’s position on the global luxury map.”
India’s luxury real estate market continues to evolve rapidly. As per Knight Frank’s Wealth Report 2024, the number of ultra-high-net-worth individuals (UHNWIs) in India is projected to increase by 58% by 2028, making the country one of the fastest-growing wealth markets globally. Similarly, a Savills India report predicts that the branded residences segment could grow by 200% by 2031, driven by rising incomes and a growing preference for branded lifestyle spaces.
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Trump nominates Erica Schwartz as CDC director amid turmoil around leadership, vaccine policy
Rear Admiral Erica G. Schwartz.
U.S. Department of Health and Human Services
President Donald Trump on Thursday nominated Erica Schwartz to serve as director of the Centers for Disease Control and Prevention, concluding a monthslong effort to choose a permanent leader of the embattled health agency.
Schwartz, who will have to be confirmed by the Senate, would take over the role as Health and Human Services Secretary Robert F. Kennedy Jr. oversees a string of controversial health policy changes at the agency, including an overhaul of childhood vaccine recommendations.
Schwartz served as deputy surgeon general during the first Trump administration, where she played a major role in the U.S. response to the Covid-19 pandemic. She spent more than 20 year in uniform, including as rear admiral and chief medical officer of the Coast Guard.
Dr. Jay Bhattacharya had been acting director of the CDC — a title that expired last month under federal law. That law, called the Vacancies Act, limits the amount of time an acting officer can serve in place of a Senate-confirmed official to 210 days.
Late last month marked 210 days since the most recent CDC director, Dr. Susan Monarez, was fired.
A sign sits outside of the Centers for Disease Control and Prevention (CDC) Roybal campus in Atlanta, Georgia, U.S. March 18, 2026.
Megan Varner | Reuters
She has so far been the only person to serve as a confirmed CDC director during Trump’s second term, holding the role for under a month last summer. In congressional testimony in September, Monarez said she was fired after refusing Kennedy’s demands to approve vaccine recommendations she believed lacked scientific support.
It is unclear how Schwartz’s views on vaccines or other key public health policies compare with Kennedy’s.
Also on Thursday, Trump said he chose Sean Slovenski as deputy CDC director and chief operating officer, and Jennifer Shuford as deputy CDC director and chief medical officer. Shuford, as head of the Texas Department of State Health Services, led the state’s response to a massive measles outbreak last year, and credited vaccination and testing in declaring it over.
Schwartz’s nomination comes after a tumultuous several months for the agency, which is reeling from the leadership upheaval, plummeting morale, significant staff turnover and controversial changes to U.S. vaccine policy. Ahead of leadership departures last year, staff members were shaken by a gunman’s attack on the CDC’s Atlanta headquarters on Aug. 8.
Last month, a judge blocked a critical vaccine panel’s efforts to overhaul U.S. immunization policy. That includes an effort to reduce the number of recommended childhood shots from 17 to 11.
Trust in federal health agencies has plummeted during Kennedy’s tenure as Health and Human Services secretary, according to a February poll from health policy research group KFF, with declines across the political spectrum.
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