MUMBAI: A decade after foraying into India’s luxury residential real estate market, the Trump Organization will now enter the commercial segment with the launch of Trump World Centre in Pune.
Kalpesh Mehta of Tribeca Developers, Trump’s India partner, on Wednesday announced development of two commercial towers near Pune’s Koregaon Park along with Pune developer Kundan Spaces.
Trump World Center Pune will span over 1.6 million sq ft, featuring two glass towers with over 27 floors of office space. One tower will offer for-sale strata offices, while the other will provide larger leasable offices, catering to a range of business needs. “India is the Trump brand’s largest market outside the US,’’ said Mehta.
In a statement, Eric Trump, Executive VP of Trump Organization, said: “India has 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.’’
In August 2014, property tycoon-turned-POTUS visited Mumbai to inaugurate Trump Tower, a 75-storeyed uber-luxury residential tower at Worli in a tie up with the Lodha Group.