NEW DELHI: US President Donal Trump’s The Trump Organisation’s has now entered the commercial real estate space in India. The American real estate major already has multiple residential projects here in JV with local partners. India is expected to have the maximum number of Trump Towers outside of the US.
“Excited to announce the newest addition to the Trump portfolio: Trump World Center Pune! This marks The Trump Organisation’s first venture into commercial real estate in India, joining its extensive collection of residential properties in the region,” The Trump Organization said on X Friday.
Eric Trump, EVP of The Trump Organization, said: “India has embraced the Trump brand with remarkable enthusiasm. After our successful collaboration on several iconic residential projects, we are proud to launch our first commercial development in India (—) Trump World Center Pune…” The project is a JV with Indian partners — real estate player Tribeca Developers and Kundan Spaces. The 4.3-acre site is expected to generate sales exceeding Rs 2,500 crore.
Tribeca Developers founder Kalpesh Mehta said: “This is a defining moment… for the evolution of commercial real estate in India. Trump World Center Pune…(marks) Pune’s ascent as a global business nucleus. After nearly a decade of shaping India into the Trump brand’s largest market outside the US, I’m proud to unveil this office project (jointly with) the Trump Organization and Kundan Spaces.”
