Trump Residences in Gurgaon: All 298 ultra-luxury units sold out on day 1, project sees sales worth Rs 3,250 crore
As many as 298 units priced between Rs 8 crore and Rs 15 crore, including four penthouses valued at Rs 125 crore, in Trump Residences on Southern Peripheral Road in Sector 69 were sold out, with the developers recording sales worth ₹3,250 crore.
The project comprises two 51-storey towers, the construction of which is yet to begin.
Trump Residences, the second such project under the brand name in North Inda, has been developed by Smartworld Developers in partnership with Tribeca Developers and The Trump Organisation.
Smartworld is overseeing the construction and customer service for the development, while Tribeca is leading the design, sales, and quality control. Tribeca Developers has brought the licence to Trump-branded projects in India. The first project – Trump Towers Delhi NCR, also located in Gurgaon, was launched in 2018 and is expected to be delivered later this month. The Trump Towers is located in Sector 65, Gurgaon.
'The phenomenal response to Trump Residences is a testament to the aspiration for world-class living in India. Smartworld is proud to lead the delivery of this landmark project, and we thank our buyers for their trust in our vision,' Pankaj Bansal, founder of Smartworld Developers, said.
'Selling Rs 3,250 crore on Day 1 places this among the biggest luxury deals the country has ever seen. This launch proves the unmatched magnetic pull of the Trump brand and how deeply it resonates with India's most discerning buyers,' Kalpesh Mehta, founder of Tribeca Developers, said.
The Trump Organisation was founded in 1927 by Frederick C. Trump, Donald Trump's grandfather. It was later expanded significantly by Donald Trump, currently the President of the United States, who took control in the 1970s. In 2017, Trump handed over the reins of the company to his sons, Donald Trump Jr. and Eric Trump, who currently serve as Executive Vice Presidents in the company.
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