Five trump real estate india projects
The business interests of US President ‘Donald Trump’, were clear when he announced that the five active projects in India would proceed as planned. Trump has rooted for India and Indian PM, Narendra Modi and showed interest than any other country outside North America.
Although India only gets the Trump band and not the money, the gross development value of the five projects is $1.5 Billion. Trump Organization has brand-licensing agreements with local developers but made no equity investments.
Without investing any money, the trump name sells in Indian luxury real estate without a second invitation. This is also evident from the price premiums on Trump tower apartments in Mumbai and Pune. Here is the list of Trump organization’s realty projects in India:
The Mumbai’s 75-storey Trump towers are likely to be completed in 2018. The 300 apartment luxury residential project in association with Lodha Group comes with exclusive benefits. The residents will not only have access to private jet services, but will also get a trump card, which will offer special privileges at trump hotels around the world. Each apartment is priced at Rs 9 crore onwards.
The project has 2 towers of 23 story each. Built in association with Panchshil realty, the Pune’s project has received a premium of 60 percent. It is equipped with one apartment per floor.
The 6,00,000 to 7,00,000 square feet office building, which will be built by IREO on Gurgaon’s golf course extension road will carry the name of Donald Trump. The cost of the project will be Rs 1,000 crore.
In order to build a residential building in Gurgaon, the Trump Organization has reportedly tied up with high-end developer M3M India.
The Trump Organization has also tied up with Unimark Group to build a 38-storey residential project spread around 400,000 square feet in Kolkata.