New Delhi: India will have the maximum number of Trump Towers outside the home country of the US President’s “The Trump Organization”. From four all-residential high-rise luxury residential Trump Towers in Mumbai, Pune, Gurgaon and Kolkata, the number will increase to 10 over the next six years with the construction of many more projects including offices, golf courses and villas in Noida. , Hyderabad, Bengaluru, Mumbai, Gurgaon and Pune.
Trump’s luxury real estate partner in India, Kalpesh Mehta, founder of Tribeca Developers, is now seeing an even higher rise after news broke on Wednesday of his victory in the US elections.
“I did my MBA from Wharton, where the Trump family, including Donald Trump, used to go. A professor there connected me with Donald Trump Jr. We met 13-14 years ago at a bar in New York over a cocktail napkin and discussed And made our initial plans that eventually became a reality when we later compromised, and since then, it’s just been: ‘We don’t want to do too many projects, but do whatever we need to do to be best in class”, of architects Mehta (46), who hails from the family, told TOI on Wednesday.
In 2014, when both the companies were launching Trump Tower Mumbai, Donald Trump came to India. “This was soon after PM Narendra Modi won the 2014 general elections. He had discussed India in general during his first visit to the country and the topic here at that time was mainly Modi. Since then he has been our PM Trump has always believed strongly in India’s potential. He became more bullish after Modi became PM and now, most of Trump’s assets outside the US will be in India,” Mehta said. Said Trump Real Estate Business The management contract is run on the lines of hotels where the Indian partner invests in the hardware (brick and mortar) and the foreign partner, in this case the Trump Organization, brings its branding and software in terms of service levels and global reach.
“The four Trump Towers (one each in Mumbai, Pune, Gurgaon and Kolkata) have a total area of 30 lakh sq ft with around 800 residences, each priced at Rs 6-25 crore and a total sale price of Rs 7,500 crore. The six other buildings coming up in the next few years will have a total area of 80 lakh sq ft and a total sale value of Rs 15,000 crore,” Mehta said.
Pune, which already has a Trump Tower, is getting another Trump complex with an office block. Trump golf course and villa will be built in another city.
Mehta said, “Trump becoming President is fundamentally good for the world and for further strengthening India-US relations. PM Modi and President Trump admire each other very much and respect each other. And this relationship has the potential to be of great benefit to the world.”
