Trump Jr. and Eric Trump to launch six Trump Towers across India in early 2025

  • Donald Trump Jr. and Eric Trump will head to India early next year to unveil six new Trump Towers, adding to the four existing high-rise luxury properties in Mumbai, Pune, Gurgaon, and Kolkata. With this expansion, India will boast the highest number of Trump Towers in the world, surpassing the US.

Livemint
Published8 Nov 2024, 09:54 PM IST
Six new Trump Tower projects are set to launch across India in 2024, tapping into strong demand for luxury residences. Real estate partner Kalpesh Mehta highlights booming interest in Trump-branded properties. Donald Trump Jr. and Eric Trump will visit India early next year to unveil these. Photo: AP
Six new Trump Tower projects are set to launch across India in 2024, tapping into strong demand for luxury residences. Real estate partner Kalpesh Mehta highlights booming interest in Trump-branded properties. Donald Trump Jr. and Eric Trump will visit India early next year to unveil these. Photo: AP

Kalpesh Mehta, founder of Tribeca Developers and real estate partner of the Trump Organization in India, announced that Donald Trump Jr. and Eric Trump are scheduled to visit India early next year to launch a series of new Trump Tower projects. The launches, expected between March and June, will bring six additional Trump Towers to India, expanding the luxury real estate brand's footprint in the country.

Currently, India boasts four high-rise Trump properties in Mumbai, Pune, Gurgaon, and Kolkata. The upcoming projects will add one tower each in Mumbai, Pune, Gurugram, Bengaluru, Hyderabad, and Noida. Once completed, India will surpass the United States with the highest number of Trump Towers worldwide.

Mehta recounted his connection to the Trump family, tracing it back to his days as a student at the Wharton School of Finance, where a shared mentor introduced him to Donald Trump Jr. The friendship eventually led to a business partnership, when the Trump Organization entered the Indian real estate market.

Tribeca will act as the co-developer for the upcoming projects, partnering with local developers for each tower. According to Mehta, "Land will be of the partner, while Tribeca will manage the design, product specifications, and customer handling."

In the Gurugram Trump Tower project, Mehta noted that prices per square foot have doubled over the past three years, from approximately 15,500-16,000 to 33,000. Full-unit prices have similarly appreciated, ranging from 6-11 crore initially to 11-24 crore now, reflecting strong demand in India’s luxury real estate sector.

“The luxury real estate market is booming in India, and the demand has been robust," Mehta said, attributing the growth to the high demand for premium properties.

Also Read | Donald Trump has sweeping plans for a second administration. Here’s what he’s proposed

Outside India, Mehta hinted at potential expansion into a neighboring island nation, where discussions are underway with the local government for a Trump-branded hotel project. However, he did not disclose specific details regarding the location.

(With ANI inputs)

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First Published:8 Nov 2024, 09:54 PM IST
Business NewsNewsTrump Jr. and Eric Trump to launch six Trump Towers across India in early 2025

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