US Based Developer Donald Trump Plans Luxury Residential Tower in Mumbai

Published: January 18, 2011
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US billionaire real estate developer Donald Trump is entering the Indian property market with a luxury residential tower in Mumbai, more than two years after announcing plans to expand in the south Asian nation. Trump, who has joined with Mumbai developer Rohan Lifescapes Pvt for his first venture in the country, expects to start marketing the project by March, quoted Donald Trump Jr., Trump’s son and executive vice president at the Trump Organization LLC in the report.

“We are doing a very luxury project with Rohan Lifescapes and we’ll be in India later this quarter to launch it officially,” he added. He declined to give further details on the project. The Trump development is being built on the site of a former hospital in south Mumbai, in a neighborhood dotted with jewelry stores, the only Porsche showroom in the city and next to a Mercedes showroom, said two people familiar with the matter, who declined to be identified before an official announcement.

Rohan Lifescapes focuses primarily on redevelopments. It has more than 60 projects spread across 54 sites, according to its website. It has developed more than 20 million square feet of homes and offices and is currently developing 3.45 million square feet of projects in Mumbai, according to its website. “Our entry has to be in Mumbai and that’s where everything is going on right now in terms of the high-end real estate,” the younger Trump had said earlier. The billionaire has branded buildings from skyscrapers in Manhattan to condominiums in Tijuana, Mexico, Trump World in the South Korean capital Seoul and the Trump Towers Istanbul.

Source: Indian Realty News


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