Donald Trump’s India partner Tribeca to launch more projects in Mumbai, Noida, Bengaluru and Hyderabad in 2021-22

The price of these apartments would be around Rs 3 to Rs 6 crore, he added.

For its new launches, the company is hoping to tie up with the same developers it is currently working on in India.

“Our focus this year is on launching more projects under the Trump brand and we would like to partner with some of our existing development partners for these new projects.  Where a relationship is already established and is working well, it becomes easier for everyone to do additional projects,” Mehta pointed out.

Donald Trump became the first US president to be impeached twice as the House of Representatives on January 13, 2021, charged him with “inciting an insurrection” after his supporters stormed the Capitol a week earlier. His real estate empire felt the heat as well after the rioting that struck at the heart of the American democracy.

Trump’s ventures in India include four luxury residential projects and an office tower, all carrying his name under licensing deals. According to real estate experts, the sale of Trump properties in India could have generated around Rs 3,500 crore in a real estate market that is estimated to be worth around Rs 12.7 lakh crore.

Of the four Trump properties in India, two in Pune and Mumbai are complete. The ones in Kolkata and Delhi-NCR are under construction.

In 2013, the Trump Organization tied up with Mumbai-based Lodha Group to develop the Trump Tower in Mumbai. A year later, Donald Trump visited Pune to inaugurate the first of the Trump Towers in India according to the reports published in moneycontrol.com.

The Trump Organization was under a self-imposed restriction where it put a pause on signing new deals in international markets during Trump’s presidential term to prevent a conflict of interest.

In Pune, the global brand licensed the Trump name to Panchshil Realty. The project in Kalyani Nagar comprises two glass facade towers of 23 stories each, with 46 single-floor 5 BHK residences.

For the Kolkata project, Tribeca has partnered with Unimark Group to build a 400,000 sq ft residential project, with the signature Trump Tower on the city’s EM Bypass stretch.