After making India its largest market with the most number of Trump-branded properties outside of North America, Trump Organization is in the process to launch its first commercial real estate project in India this year.
“We will be launching a commercial project in India this year,” said Donald Trump Jr., Executive V.C. of The Trump Organization.
The American real estate firm is also keen on forming alliances for hospitality projects in India but will take a decision on this at an “appropriate time”, he added.
In 2016, Trump Organization had entered into its first commercial office deal in India with private equity fund and developer IREO. The high-end 600,000-700,000 sq.ft. commercial project to come up on Gurgaon’s Golf Course Extension Road will be built by IREO alongside a retail complex, the company had stated while announcing with tie-up then.
On January 10, in its largest super-luxury residential development in India, Trump Organization had launched a 1.25 million sq.ft. project in Gurgaon. This project marked the entry of the Trump Tower brand into the Delhi-NCR region, and this was the fourth Trump Tower to be launched in India.
The project, Trump Towers Delhi-NCR, to be developed by Trump’s exclusive India partner Tribeca Developers and Delhi-based realtor M3M India.
Source: Economic Times