Trump Towers launches fourth project in India at Gurgaon
What's the story
India's fourth Trump Towers is coming up in Gurgaon, the second biggest in the country after Mumbai. Each of the 258 apartments in the 50-storeyed buildings on Golf Course Road Extension will cost Rs. 5-10cr. The developers claim to have sold 20 apartments already. Though the Trump Organization isn't investing, M3M and Tribeca Developers will develop the project under its license.
Project
The nitty-gritties of the project
In the 60-acre plot, the Trump Towers will occupy 11 acres. They will be taller (200m) than other projects of similar proportions (170m). The floors would also be 3.75m higher, compared to the usual 3.15m. A third of the flats, between 3,500-4,500 sq ft, will have 22-foot-high living rooms. The project aims a March'23 completion deadline, after Donald Trump faces his second election.
Data
Budget of Rs. 1,200cr for now
According to M3M director Pankaj Bansal, the project would cost around Rs. 1,200cr. It will include a 9-hole golf course, temperature-controlled indoor pools, a spa and fitness centre, a business centre, and a fine-dining restaurant. Flats will have private elevators, in-residence catering and floor-to-ceiling windows.
India
Trump Towers' India market is worth $1.5bn
The Trump Organization entered India five years ago, and has set up residential projects in Mumbai, Pune and Kolkata. After his election, the Organization announced it wouldn't launch projects outside the US; Gurgaon is the last residential project for now, though a commercial project is expected to start soon. India is one of its biggest markets with a value of $1.5bn.