Trump Org set to expand India luxury realty footprint with Rs 15,000 cr projects
Trump Towers, the Trump Organization's luxury real estate brand operating in India, is set to benefit further from Donald Trump’s sweeping win in the United States elections. Tribeca, Trump’s India partner, has indicated that it has already finalized six new projects across India, totalling 8 million sq ft with a revenue potential of over Rs 15,000 crore.
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India already has the highest number of Trump branded projects in the world, after the US, with four such projects totalling over 3 million sq ft in the property markets of Mumbai, Pune, Gurgaon, and Kolkata. Of these, projects in Mumbai and Pune have already been delivered, while one each in Gurgaon and Kolkata are expected to be delivered in the next few months.
«We believe that a Trump presidency is fundamentally good for the world and for further strengthening the India-US relationship. Prime Minister Modi and President Trump greatly admire and respect each other, and this relationship has the potential to be greatly beneficial to the world at large,» Kalpesh Mehta, founder, Tribeca, told ET while congratulating Trump for a historic win.
Tribeca is the largest developer of Trump branded properties in the world, second only to The Trump Organization.
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