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- Trump Tower Mumbai Apartment Price | Donald Trump India Real Estate Project
Alex Travelli, Suhasini Raj | new york2 hours ago
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Donald Trump’s victory in America has given a boost to his residential project Trump Tower in India. After his second victory, a developer in the country announced half a dozen new deals. The starting price of a luxury apartment in the skyscraper Trump Tower is Rs 4.5 crore.
To celebrate its purchase, a grand party was thrown in New York and the buyer was given a memento made of gold. These are the qualities on the basis of which the Trump brand is growing rapidly in India. As Trump began his first election campaign to become president, two Trump-branded buildings in India were taking shape in Mumbai and Pune. The project expanded to Kolkata and Gurugram in 2016.
Business model: Local developers build, Trump brand charges Indian companies that deal with the Trump Organization buy land. Build tall buildings. Sells apartments and pays fees for Trump brand. The starting price of these apartments is Rs 4.49 crore. Anuj Puri, founder and chairman of property consultant Anarock, said, “The thinking of many of the Indian rich, who have earned huge money from the stock market, has changed. Their focus is on luxury lifestyle.”
The starting price of a luxury apartment in Trump Tower is Rs 4.5 crore.
Expansion: There will be 4 to 10 Trump-branded buildings in India, reach in 7 cities There are currently four Trump-branded buildings in India. Trump Company’s business partners plan to increase their number to 10 in the next years. According to Kalpesh Mehta, founder of Tribeca Developers, a Mumbai-based company that works with the Trump Organization, more Trump buildings will come up in Mumbai and Pune. Apart from this, Trump Organization will also expand in Hyderabad, Bengaluru and New Delhi.
Buyers: Due to Trump brand, they are assured of better products and are paying more. Unimark developer is building a 38-storey tower in Kolkata. Under the deal in 2016, ‘Unimark Eternia’ now becomes Trump Tower. Along with this, apartment prices and buyers also increased. Poonam Dutt has also bought a house in it. “It must be a quality product because it says Trump on the building,” she says. To celebrate the purchase, the couple flew to New York, where the company honored them with a gold memento.
