Everything You Need To Know About Trump Projects In India
Since Trump Senior shifted to the White House, January last year to be precise, not all is the same for The Trump Organization. According to Donald Junior, the eldest son of the US President who is now spearheading the operating of the global real estate giant along with his brother Eric, his father's presidency is definitely a "negative" for the family's business. Trump Jr, who is currently in India to promote his branded properties, also said the country would be an important market for his company "when we get back in business”.
After Trump Sr took charge of the US presidency, his company put on hold all plans to enter into any new foreign markets to avoid any conflict of interest.
The company executive vice-president is also of the opinion that India is lacking in true luxury projects while hinting that his company was here to change that. "Buyers were paying for 'X' in search of luxury, but we’re getting 'X' minus a lot more," he said. "This is changing now," he added.
Since entering the Indian market in 2013, the New-York based company has launched four luxury residential projects with a revenue potential of $1.5 billion through ties up with domestic players that includes names such as Lodha Group, Panchshil Realty, M3M, Tribeca, Unimark and IREO.
It is worth mentioning here that local players who have tied up with The Trump Organization to build uber-luxury homes in India say they are able to charge 40 per cent premium of the brand name. Despite that, and despite the fact activity in India’s real estate market is not currently quite lackluster, brand Trump is doing well. According to media reports, nearly 75 per cent units of Trump Kolkata are already sold. The project was launched in November last year.
Since a lot lies in a name and many of you might be interested in knowing where exactly all projects of the Trump brand in India lie, we make a quick list for you. Since a large part of the units are sold, you may have to either hurry to book now from whatever is left or wait for the company to launch new projects in India, something the company definitely wants to do --- India is already the biggest market for the company outside the US, at $9.5 billion.
Trump Tower Pune
India partner: Panchshil Realty
Location: Kalyani Nagar
Storey: 2 towers of 23 storeys each
Units: 46 single-floor residences
Price: Rs 15 crore upwards
Exclusivities: 13,500-square-foot art gallery, outdoor lap pool
Trump Tower Mumbai
India partner: Lodha Group
Location: Golden Mile, Worli
Number of units: 300
Price: Rs 9 crore upwards
Exclusivities: Private jet service, Trump Card
Trump Tower Kolkata
India partner: Unimark Group, RDB Group and Tribeca Developers
Location: Eastern Metropolitan Bypass stretch
Launch: October, 2017
Price: Rs 3.75 crore upwards
Exclusivities: Rooftop sky club with heated pool, Sun terrace
Tribeca Trump Towers (Gurgaon)
India partner: M3M India and Tribeca Developers
Location: Sector 65
Storey: 2 Towers, 50 floors each
Launch: January 2018
Completion: March 2023
Price: Rs 5.5 crore onwards
Exclusivities: Private elevators, 22-feet high double-height living rooms
With inputs from Housing News