The newly elected US president, Donald Trump, has been rooting for PM Narendra Modi and India. He also has business interests in the South-Asian country – most likely bigger than any other nation besides Canada. Even though Trump has said he will dump most of the foreign realty projects, but the five realty projects in India have been given the green signal.
The total development value of the five projects is $1.5 billion. But India only gets the Trump brand and not his money. Trump Organization has brand-licensing agreements with local developers but made no equity investments. Below are the five ongoing realty projects in India with Trump Organization tie-ups:
1. Donal Trump Realty Projects in Mumbai
Trump Towers, 300-apartment, the 75-storey luxury residential project in Lower Parle, Mumbai is in association with the Lodha Group. It is expected to finish in 2018. The apartments are priced Rs 9 crore onwards. Apart from exclusive benefits for the owners, they will have a Trump Card that offers special privileges at Trump hotels & resorts, and have access to a private jet service.
2. Donal Trump Realty Projects in Pune
The project has two towers of 23 storeys each that are built in Pune’s Kalyani Nagar area in association with Panchshil Realty. Bollywood stars Ranbir Kapoor and Rishi Kapoor have purchased an apartment each for Rs 13 crore a piece spread over 6,100 sq ft. The project has received a price premium of about 60 per cent over neighbouring projects.
3. Donal Trump Reality Projects in Gurgaon
Name of Donald Trump will be attached to a new high-end 600,000-700,000 sq. ft. office property on Gurgaon’s Golf Course Extension Road. The building will be constructed by IREO alongside a retail complex for over Rs 1,000 crore.
4. Donal Trump Realty Projects in Gurgaon
The Trump Organization has reportedly tied up with top-notch developer M3M India to construct a residential high-rise in Gurgaon.
5. Donal Trump Realty Projects in Kolkata
Trump Organization has also collaborated with Unimark Group to build a 38-storey 400,000 sq. ft residential project with the Trump Tower on the Kolkata’s Eastern Metropolitan Bypass stretch.
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