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Time of India
20-05-2025
- Business
- Time of India
INR 2,800 Crore worth of properties sold during ‘The Great Property Sell Fest', held in association with The Times of India
INR 2,800 Crore worth of properties sold during 'The Great Property Sell Fest', held in association with The Times of India India's real estate industry just witnessed a path-breaking weekend, as the three-day event 'The Great Property Sell Fest ' clocked over INR 2800 crore in sales, with 550 units sold across residential, commercial, and retail asset classes. A first-of-its-kind event, hosted across Gurugram, Noida, and Panipat in association with The Times of India, the fest attracted over 15,000 property owners, investors, channel partners, and homebuyers. Attendees experienced a revolutionary real estate marketplace where both sellers and buyers took centre stage. Organised under the unique concept of 'You Sell, We Buy,' the event was a one-of-a-kind real estate marketplace. 'The response at The Great Property Sell Fest has been truly encouraging. Not only did customers actively participate in selling properties worth INR 600 crore from other developers, but they also made significant investments in our projects across Gurgaon, Noida, and Panipat. It's gratifying to see the growing demand for quality, lifestyle-focused developments,' said Robin Mangla, President, M3M India. Adding to the excitement, Ashish Jerath, President - Sales & Marketing, Smartworld Developers said, 'Our landmark projects like Smartworld One DXP and Smartworld The Edition saw exceptional bookings, while our inaugural project, Smartworld Orchard, was completely sold out, a clear reflection of the strong customer trust in our vision and delivery. This level of enthusiasm reinforces our commitment to creating thoughtfully designed, future-ready living spaces that resonate with the aspirations of today's homebuyers. ' Present at the event, Santhosh Kumar, Vice Chairman, ANAROCK Group said, 'While ANAROCK's latest data reflects some tempering in sales in the last quarter, this is more due to uncertainty caused by global headwinds. Buyer sentiment has remained robust, and we see the positive sentiment reflected in such events. I understand that the highest sales have been in premium and luxury homes by branded developers; this, too, is reflected in our latest sales data. Buyers are looking for lifestyles, not just homes.' 'The Property Sell Fest, with a choice of properties ranging from Rs. 2 Cr. to Rs. 15 Cr., has generated a lot of interest. I think the property marketplace that the fest created has gained enthusiasm amongst numerous customers, as well as top banks, together to facilitate ease of buying and closure,' said Vijay Singh, a representative from HDFC Sales Pvt. Ltd., had a special spot for his team to interact with and help customers at the Great Property Sell Fest. MSID 121294604 . Present at the venue, Alok Ranjan Jha, Representative from Axis Bank, added, 'The Great Property Sell Fest brought together a highly engaged audience actively exploring premium and luxury real estate options. Naturally, this translated into a significant uptick in home loan enquiries, as buyers looked for credible financing partners to support their investment decisions. We are proud to be part of this vibrant ecosystem, offering tailored mortgage solutions and real-time guidance to prospective homeowners. ' 'The 'You Sell, We Buy' concept is truly a game-changer; no one in the industry has attempted anything even remotely similar. It's bold, innovative, and exactly what the real estate market needed. We're proud to have been one of the biggest dealmakers at this landmark event. The scale of participation and the seamlessness of transactions prove that the future of real estate lies in creating such dynamic, inclusive platforms,' said Gaurav Kapoor, Director, Investor Clinic , one of the largest CP firms working across regions. One of the major highlights of the fest was the array of attractive, on-the-spot gifts offered to buyers with every purchase. Adding to the vibrant atmosphere, the event also featured high-energy entertainment, delectable food, lively performances, and a festive vibe that kept excitement levels high throughout the three days. MSID 121294624 . 'I've never seen an event like this before, where such a wide range of properties and multiple banks come together under one roof. No one organises an event to sell other developers' properties, but the Great Property Sell Fest has truly changed how real estate transactions happen. I sold my old property at a premium and booked a new one in Smartworld The Edition, on the spot, isn't that wonderful?' said one of the customers who attended the event . Beyond the impressive numbers, the fest successfully shifted the narrative from a buyer-driven marketplace to an equal-opportunity platform for both sellers and buyers. Property owners were able to liquidate underperforming or stagnant assets at premium values, while buyers accessed exclusive, limited-period investment opportunities. This event is expected to set the stage for a new era of real estate events in India that are more participatory, dynamic, and responsive to real market needs. Disclaimer - The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content. Stay informed with the latest business news, updates on bank holidays and public holidays . 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Indian Express
17-05-2025
- Business
- Indian Express
Trump Residences in Gurgaon: All 298 ultra-luxury units sold out on day 1, project sees sales worth Rs 3,250 crore
The demand for ultra-luxury housing in Delhi-National Capital Region (NCR) has taken new heights with all units in Trump-branded residential project in Gurgaon getting completely sold out on the first day of its launch, May 13. 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.
The Print
15-05-2025
- Business
- The Print
Trump Residences sold out on day 1 of Gurugram launch; record bookings worth Rs 3,250 crore
Online bookings opened on 13 May. The ultra-premium penthouses, worth Rs 125 crore, were also fully allotted, the developers said in a statement. Smartworld Developers and Tribeca Developers, partners of The Trump Organisation in this project, said they saw 'record' bookings worth Rs 3,250 crores at Trump Residences. Gurugram: Amid the controversy over US President Donald Trump's claims that he brokered a 'ceasefire' between India and Pakistan, Trump Residences in Gurugram sold out completely on the first day of the launch, with its Indian partners calling it a 'landmark moment for India's luxury market'. The real estate venture, located in Sector 69 along Southern Peripheral Road and Golf Course Road Extension, is Trump's sixth residential project in India and second in Gurugram alone. Despite construction still being in progress, the 129 luxury apartments priced between Rs 8 crore and Rs 15 crore have already been booked. The 51-storey twin towers will feature 12 lakh square feet of saleable area with base prices starting at Rs 27,000 per square foot. It was not immediately clear when the construction will be completed. The project showcases distinctive architectural elements, including floor-to-ceiling glass walls, double-height living rooms, private elevators, and panoramic views of the Aravalli hills. It will also house India's first aquarium bar with an integrated restaurant, the developers said. '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, told ThePrint, Thursday. Kalpesh Mehta, Founder of Tribeca Developers, echoed similar sentiments, describing the project as 'not just a real estate project—it's a landmark moment for India's luxury market'. He attributed the success to 'the unmatched magnetic pull of the Trump brand' and how it resonates with India's high-end buyers. According to the arrangement, Smartworld will oversee development, construction, and customer service, while Tribeca has taken the lead on design, marketing, sales, and quality control for the project. This represents the second Trump-branded residential development in northern India. The first, Trump Towers in Delhi-NCR, launched in 2018 in Gurugram, is also fully sold out and scheduled for delivery later this month. In April this year, the Tribeca Developers founder, Kalpesh Mehta, announced that either Donald Trump Jr. or Eric Trump, sons of the current US president, could soon travel to India to oversee progress on the Trump Tower project in Gurugram. The Trump family has maintained connections with their Indian real estate ventures, with Donald Trump Jr having made visits to the country in 2018 and 2022. (Edited by Sanya Mathur) Also Read: US pushes for direct India-Pakistan talks, 'dealmaker' Trump ready to aid 'pursuit of peace'
Time of India
15-05-2025
- Business
- Time of India
Sell your property for a premium at India's never-seen-before ‘The Great Property Sell Fest'
In a first for the , a never-before-seen property festival is set to take place from 16th to 18th May 2025 across Gurugram, Noida, and Panipat. Titled 'The ' and organised in association with The Times of India, this unique event is poised to revolutionise how property is bought and sold in the country. Tired of too many ads? go ad free now With participating developers including M3M India, Smartworld Developers, and other developers, the festival brings to life a groundbreaking concept, 'You Sell, We Buy.' For the first time, property owners, whether they own high-rise or low-rise developments, retail stores, offices, plots, food courts, or commercial spaces, can come to a single venue to sell their properties at a premium. Sell your property for a premium at India's never-seen-before 'The Great Property Sell Fest' The event offers instant property valuation, on-the-spot approvals, and immediate access to financing, allowing owners to seamlessly sell their existing assets and purchase new ones, all under one roof. turns the traditional real estate equation on its head by offering sellers a platform to sell their properties at premium value, while also giving buyers access to exclusive, limited-period deals on premium properties. This is not just an event, it's a platform that simplifies, accelerates, and empowers the entire transaction process, eliminating typical market hurdles and adding transparency and speed to real estate decision-making. Top banks, including HDFC Bank, ICICI Bank, Axis Bank, UCO Bank, Central Bank of India, Bank of Maharashtra, IDBI Bank, Bajaj Housing Finance, and Punjab & Sind Bank, will be present on-site to offer instant loan approvals, making the event a one-stop experience for both sellers and buyers. Whether you're looking to cash out of an old investment, reinvest into a better opportunity, or simply level-up your lifestyle, is the place to be. From professional valuations to verified deals, from robust financial tie-ups to diverse property options across all asset classes, everything is integrated into one festival, built for today's property owners and investors. is expected to attract homeowners, investors, and real estate stakeholders in large numbers, all eager to experience the future of real estate transactions in India. Disclaimer - The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content.
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Business Standard
13-05-2025
- Business
- Business Standard
All 298 Trump residences in Gurugram sold on launch day for ₹3,250 crore
In a major boost for the luxury housing market, all 298 units of the newly launched Trump Residences in Gurugram were sold out on the very first day, generating net sales of ₹3,250 crore. In a joint statement, Smartworld Developers and Tribeca Developers announced on Tuesday that the rapid sell-out of the project highlights the growing demand for ultra-premium branded residences in the Delhi-NCR region. Priced between ₹8 crore and ₹15 crore, the residences are located in Sector 69, Gurugram, and span two towers rising 51 storeys each. The project is being developed in collaboration with The Trump Organization, known for lending its name to select luxury real estate developments across the globe. Smartworld is responsible for construction, development, and customer experience, while Tribeca is overseeing design, marketing, sales, and quality control. Commenting on the milestone, Pankaj Bansal, founder of Smartworld Developers, said, 'The phenomenal response to Trump Residences is a testament to the aspiration for world-class living in India.' Founder of Tribeca Developers, Kalpesh Mehta said, 'This launch proves the unmatched magnetic pull of the Trump brand and how deeply it resonates with India's most discerning buyers.' Trump towers in India This marks the second Trump-branded residential project in Gurugram and the sixth in India. Of the six announced so far, four — in Pune, Mumbai, Kolkata and Gurugram — have already been completed. India now stands as the largest market for the Trump brand outside the US. Earlier this year, Smartworld and Tribeca committed ₹2,200 crore in investment for the Gurugram project. Separately, in March 2025, Tribeca partnered with Kundan Spaces to launch the ₹2,500-crore Trump World Center in Pune — the brand's debut in Indian commercial real estate. The Gurugram launch comes shortly after Donald Trump returned to the US presidency in January 2025.
