M3M India to develop Trump towers in Gurgaon

Realty firm M3M India has signed brand licence agreement with US-based The Trump Organization to develop 'Trump towers' in Gurgaon comprising 180 luxury homes with an average selling price of about Rs 10 crore.

Gurgaon-based developer will launch the Trump-branded twin-tower by November-end, the company's director Pankaj Bansal said today. Donald John Trump Jr is likely to visit India at that time.

In India, Trump Organization -- founded by US President Donald Trump -- has developed a luxury project in Pune partnering Panchshil Realty. It tied up with Lodha group in 2014 for housing project in Mumbai.

"We have signed a brand license agreement with Trump Organization for Trump branded twin towers in Gurgaon," Bansal told reporters here today.

The agreement was signed before Donald Trump became president of America, he added.

"The twin towers will come up at Gold Course Extension Road and will be tallest in central Gurgaon," Bansal said.

The company will engage renowned architects and construction companies to develop this project.

"The two towers will have 180 ultra-luxury homes. The average price of an apartment will be about Rs 10 crore. The project will also have golf-course," Bansal said.

He said the company is likely to launch this project by November-end and will complete it in the next 5 years.

Bansal did not disclose the land size earmarked for this project and total investment for development of twin towers.

M3M India has 2,200 acres of land bank in and around Gurgaon. It had bought 185 acre land in Gurgaon for Rs 1,211 crore from Sahara group.

Lodha group is developing 75-storey, 800-feet Trump Towers, sprawling on a 17.5-acre plot, at Worli in Mumbai.

Last year, Trump Organization tied up real estate private equity firm IREO to develop an office tower in Gurgaon.

Trump Organization had earlier appointed Mumbai-based Tribeca Developers as exclusive India representative to identify projects in the country that can be developed under its brand. MJH SA

Donald Trump’s Super-Luxury Real Estate Brand to Debut in Gurgaon

GURGAON: Come October, northern India will have its first ever Trump Towers, which is set to be launch in the city in October. A second Trump property will a parallel launch in Kolkata.

The Trump Towers, a bouquet of branded apartments developed worldwide by Donald Trump’s global brand Trump Organisation, is being promoted in India by Tribeca Developers.

The Trump-Tribeca ensemble, which will come up on Golf Course Road, is expected to offer all the signature facilities available at the Trump Towers that includes white gloved services, trump card, concierge and valet services. The luxurious amenities of these apartments would include both internal finishes and fitments, along with golf course access, exclusive club for the residents and an infinity edged pool.

The Trump Towers in Gurgaon will have 220 apartments of sizes ranging from three to five bedroom accommodations. The price range for these apartments would start from Rs 12 crore.

“Tribeca developers were the first to bring the Trump brand to India in 2014 when we facilitated two landmark projects in Pune and Mumbai. With the Gurgaon and Kolkata launches, Trump Organisation would have four residential properties in India. A fifth project, which is a commercial one, is also coming up from the Trump brand, making India the largest single destination presence for Trump Organisation real estate outside USA. Tribeca is the exclusive India partner of Trump Organisation. We are involved in product development, design, marketing, sales and project management of all Trump projects in India,” Kalpesh Mehta, founder and managing partner, Tribeca Developers told TOI.

The Trump Towers project in Kolkata, also to be launched in October, would be a 120 apartment bouquet with three to four bedroom apartments. The entry price for the apartments in Kolkata would be one of the most affordable in the luxury segment, starting at less than Rs 5 crore.

Both the Trump Towers have been designed by Manit Rastogi of Morphogenesis.

“The quality of life and lifestyles are changing in India and the country is ready to experience global standards of living. The Trump address is a prestige address and we are happy to bring that experience here,” said Mehta.