Trump discontinues numerous real estate projects

One of America's biggest conglomerate, the Trump Organization is US President-elect Donald Trump's multinational company, headquartered in New York City.

Started almost 93 years ago as Elizabeth Trump & Son, the company is run by Donald Trump, who serves as its Chairman currently.

With the organization's prime focus on real estate, the company owns a massive portfolio of residential and commercial properties.

Real estate major Trump Organization teamed up with Indian real estate company IREO earlier this year to develop a commercial space in Gurugram.

The project, pitched to cost Rs.1,000 crore, comes after the company signed deals to build Trump towers in Mumbai and Pune.

The office tower was developed over a 500 acre township with a large leasable area.

Donald Trump's Trump Organization has partnered with Indian realty firm Unimark Group to launch a residential project in Kolkata.

Reports stated that plans are ongoing to develop a 400,000 sq. ft. project along Kolkata's EM Bypass.

Talks are on to develop a second realty project in Pune, according to reports.

The project in Kolkata is pitched to be company's fifth project in India.

According to reports, US President-elect Donald Trump has cut ties with realty projects in several countries including India.

Exploratory talks over projects in Pune and Buenos Aires, Argentina will be discontinued by the Trump organization.

Licensing deals for hotels in Brazil, Azerbaijan and Georgia were also called off.

Pune's Panchshil Realty's real estate developer however said that the project had been dropped "long back."