HindustanTimes Mon,29 Dec 2014

Real Estate

Trump looks at ultra-luxury housing project in Mumbai, NCR
New Delhi, March 17, 2013
First Published: 21:13 IST(17/3/2013)
Last Updated: 21:17 IST(17/3/2013)

US-based real estate major Trump Organisation is looking to expand presence in Indian market and is in discussion with developers in Mumbai and NCR for two Trump-branded housing projects, its India representative said.

Trump has already entered into Indian property market with a super luxury housing project in Pune being developed by Panchshil Realty. The project ‘Trump Towers Pune’, launched last year, marks the entry of the Trump brand  in India.

Trump has appointed Mumbai-based Tribeca Developers as exclusive India representative to identify more such projects in the country that can be developed under its brand.

“This is the first of its kind tie-up Trump has ever done. This signals how important Indian market is for Trump. India would be the top three market outside of North America for Trump in the next 3-5 years,” Tribeca Developers managing partner Kalpesh Mehta told PTI.

Trump is also looking at Pune, Bangalore, Chennai, Goa, Hyderabad and others where there is demand for super luxury real estate.

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