Hyderabad set to get ₹3500 Cr ultra luxurious 'Trump Towers' in Kokapet
Trump Towers in Hyderabad is likely to have 63 floors
By Sri Lakshmi Muttevi
Representational Image.
Hyderabad: Hyderabad is set to get Trump Towers, an ultra-luxury real estate project.
Touted to be the most expensive apartments in the city, the project is being jointly executed by Tribeca Developers, Trump Organisation's India realty partner, and local construction firm Ira Realty.
Spread over four acres of land, the Rs 3,500 crore project will be built in Kokapet's Golden Mile, one of the costliest areas in Hyderabad.
There are currently four Trump Tower properties in Mumbai, Pune, Gurugram, and Kolkata, with the Worli in Mumbai having the highest of 78 floors. Trump Towers in Hyderabad is likely to have 63 floors.
What’s in Hyderabad :
Reports say, In Hyderabad, Trump Towers will be 4 BHK and 5 BHK apartments in a 63 floor building between 4,000 to 6,000 square feet,. A 4 BHK unit is approximately to cost Rs 5.5 - Rs 6 Cr.
The amenities include private elevators, rooftop amenities, squash courts, a clubhouse, and residential towers connecting each other.
Expanding business :
A month ago, Kalpesh Mehta, founder of Tribeca Developers, the licensed partner for the Trump Organisation in India, who was in the US to attend President Donald Trump’s inauguration, had met Eric Trump, Donald Trump’s son, at the prestigious Mar-a-Lago Club in Florida and discussed the new Trump India projects with him.
In a post on Instagram, Kalpesh wrote: “Had a great day discussing the new Trump India projects with Eric Trump at the stunning Mar-a-Lago club. Deal announcements coming soon!”.
According to the reports, Tribeca Developers has signed six new real estate deals with the Trump brand. These projects, covering a total of 8 million square feet, will be built in Pune, Gurugram, Noida, Mumbai, Hyderabad, and Bengaluru. They are expected to generate sales worth over Rs 15,000 crore
Mumbai has the highest real estate market:
Currently, in the Mumbai real estate market, the Trump Organisation partnered with Macrotech Developers, also known as Lodha Group. The Lodha Trump Tower in Mumbai is located in the Worli area and has 3 BHK and 4 BHK apartments on 78 floors. These apartments are retailing in the range of ₹60,000 to ₹68,000 per sq ft.
Trump's business deals in India:
The Trump Organisation does not directly invest in real estate projects in India. Instead, it licenses the ‘Trump’ name to Indian real estate developers who build and sell luxury properties under the Trump brand. Indian developers finance, construct, and sell Trump-branded properties in the selected cities.
