The newly launched Trump Residences in Gurugram's Sector 69 has achieved a complete sell-out on its launch day, marking a significant milestone in India&rsquo;s ultra-luxury real estate market. The project, comprising 298 high-end homes priced between ₹8 crore and ₹15 crore, recorded ₹3,250 crore in total allotments.
Jointly developed by Tribeca Developers &mdash; the exclusive India partner of the Trump Organisation &mdash; and Smartworld Developers, the residential project includes two 51-storey towers spread across 1.2 million square feet. The development is expected to be completed within five years, with a total investment of approximately ₹1,200 crore.
In a remarkable feat, all four ultra-premium penthouses, each priced at ₹125 crore, were also fully allotted. The overwhelming response reflects growing demand for branded luxury residences in India, with a notable share of interest coming from non-resident Indians (NRIs).
&ldquo;This project marks the second Trump-branded residential development in North India, after Trump Towers Delhi NCR launched in 2018, which is also sold out and ready for delivery this month,&rdquo; the companies said in a joint statement.
Tribeca Founder Kalpesh Mehta noted, &ldquo;This launch underscores the magnetic pull of the Trump brand among India&rsquo;s most discerning buyers. We anticipate that 20&ndash;25% of this project&rsquo;s participation will come from NRIs, similar to the 25&ndash;30% NRI involvement in the previous Gurugram project.&rdquo;
The Trump Organisation currently has six projects across India in Mumbai, Pune, Gurugram, and Kolkata &mdash; five being luxury residential developments and one commercial office project in Pune.
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Source : Business-standard

The newly launched Trump Residences in Gurugram's Sector 69 has achieved a complete sell-out on its launch day, marking a significant milestone in India’s ultra-luxury real estate market.

Trump Residences in Gurugram Sells Out on Launch Day, Records ₹3,250 Cr in Allotments