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Trump Residences in Gurugram sells out in a day for Rs 3,250 crore
Trump Residences in Gurugram, the second Trump-branded residential project in the city, has sold out on its launch day, recording ₹3,250 crore in allotments.
Priced between ₹8 crore and ₹15 crore per residence, the development's 298 homes were sold within a month of its launch. The developers stated this absorption reflects the surging demand for branded, ultra-luxury living in India.
Tribeca Developers, the licensed partner for the Trump Organization in India and Smartworld Developers are jointly developing the project.
The companies added that the project's four ultra-premium penthouses, valued at ₹125 crore, were also fully allotted.
The project, comprising two 51-storey towers and 1.2 million square feet in Gurugram Sector 69 is estimated to be finished within five years of its launch. The investment in the project is around ₹1,200 crore, according to people in the know.
'This project marks the second Trump-branded residential development in North India. The first Trump Towers in Delhi NCR, which launched in 2018 in Gurugram, is also fully sold out and set for delivery later this month,' the companies stated.
Kalpesh Mehta, founder of Tribeca Developers, said that this launch proves the magnetic pull of the Trump brand and how it resonates with India's most discerning buyers.
'The existing Trump project in Gurugram has around 25 to 30 per cent NRI participation, which is very high for luxury projects of this ticket size,' Mehta said.
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