THE Trump Organization and its local real estate partners have announced a new commercial tower project as the US president’s family business seeks to tap demand in the world’s most populous country.
India is already home to four Trump-branded residential complexes, making it the largest market outside the US for his family business.
Indian partner Tribeca Developers announced on Wednesday that it would develop a new “Trump World Center” in the western Indian city of Pune in partnership with real estate firm Kundan Spaces.
The project, expected to generate US$289.6mil (RM1.28bil) in sales, will feature “two iconic glass towers with over 27 floors of office space”, a statement said.
“This new development marks the organisation’s first foray into commercial real estate in India and will join the extensive portfolio of Trump residential properties in the region,” it said.
Eric Trump, the executive vice-president of the Trump Organization and the US president’s second son, said in the statement that India had “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,” he said.
The US president is not involved in managing the family company but the Trump Organization’s foreign business dealings have prompted criticism of possible conflicts of interest. — AFP
