After America, Trump loves India, it was not without reason that he bet Rs 15000 crore in the market
Trump Towers in India: Currently, there are four Trump Towers in four cities of the country, Mumbai, Pune, Gurgaon and Kolkata. These towers with luxury facilities will be built in other cities in the coming time, after which their number will increase to 10.
Trump Organisation Project in India: With a landslide victory, America has got a new president in the form of Donald Trump. The effect of Trump's victory is expected to be seen on the Indian real estate market in the coming times. The effect of this will be that after America, India will have the most Trump Towers of the US President's 'The Trump Organisation'. Currently, there are four Trump Towers in Mumbai, Pune, Gurgaon and Kolkata. But in the coming six years, their number will increase to 10. These luxury towers will include many more projects including offices, golf courses and villas. In the coming times, Trump Towers will be built in Noida, Hyderabad, Bangalore, Mumbai, Gurgaon and Pune.
The work was done keeping Trump's advice in mind...
Kalpesh Mehta, founder of Tribeca Developers, Trump's luxury real estate partner in India, is expecting the biggest growth after Trump's victory in the US election. Talking to Times of India, he said, I did my MBA from Wharton, where President Trump and his family went. There, a professor connected me with Donald Trump Jr. Recalling an old meeting, he said, we met 13-14 years ago in a bar in New York. During that time, we did our initial planning and now it has become a reality. When we later signed the agreement, President Trump's advice has been, 'We do not want to do too many projects but whatever we do should be the best in its category'.
Trump always expressed faith in India's potential.
He told that in 2014 when both the companies were launching Trump Tower in Mumbai, Donald Trump came to India at that time. This was the time after PM Modi won the 2014 general election. He discussed India a lot during his first visit and Modi was the main topic here at that time. Since then he likes our PM a lot. President Trump has always expressed faith in India's potential but after Modi became PM, he became more excited. Mehta told that India will have the most Trump properties outside America.
Trump's real estate group does partnership on this basis.
Trump's real estate business is run on the lines of management contract hotels. In this, the Indian partner invests in hardware (brick and mortar) and the foreign partner brings Trump Organization services and its branding and software at global level. Mehta said that Trump's real estate business is doing well in India. He said that the total area of four Trump Towers in Mumbai, Pune, Gurgaon and Kolkata is 30 lakh square feet. There are about 800 residences in these, priced between Rs 6-25 crore and their total selling cost is about Rs 7,500 crore.
Mehta said that in the next few years, the total area of six more Trump Towers will be 80 lakh
square feet and their total selling value will be Rs 15,000 crore. He also said that Trump golf course and villas will be built in another city. He said that Trump becoming the President will strengthen the Indo-US relations for the world. PM Modi and President Trump like each other a lot. This relationship between the two will prove beneficial for the world as well. Trump Organization is the only super luxury real estate brand in the world.