The US based realty major, Trump, is planning to invest in the Indian property market in the next 18 months. Mumbai and Delhi could soon witness Trump Tower on the lines of Trump Organization’s high-rise buildings in Manhattan.
Donald Trump Jr, executive vice-president, development and acquisitions, Trump said that the company’s chief focus will be on high-end projects in Mumbai, Delhi, Hyderabad, Bangalore, and resorts and villas in Goa.
For now Trump is managing several marquee hotels, resorts, casinos and building complexes in New York, including the Trump Casino, Trump International Hotel, Trump Marina Hotel and Casino, Trump Taj Mahal Casino Resort and Trump Tower.
Recently, the company entered the Dubai property market with the Palm Trump International Hotel and Tower through a local joint venture. Trump is also planning joint ventures or licensing agreements with local developers.
Trump believes that although property prices in India have spiral, they are not as high as global realty prices. Trump believes that the emergence of nuclear families and demand for real estate can drive the growth for high-end developers.
Like the US, India is becoming increasingly urbanised, where more youth are moving into cities which is one of the prime reason that investors and developers like Trump are entering into the booming Indian property market.
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