Latest news with #TheTrumpOrganization
India.com
3 days ago
- Business
- India.com
Donald Trump calls India a 'Dead Economy' but runs his family company here, earning crores from the Real Estate Business
New Delhi: Escalating his tariff offensive against India, US President Donald Trump on Wednesday slapped an additional 25 per cent duty–doubling it to 50 per cent–on Indian goods over New Delhi's continued imports of Russian oil. The move that is likely to hit sectors such as textiles, marine and leather exports hard was slammed by India as 'unfair, unjustified and unreasonable'. With this action singling out New Delhi for the Russian oil imports, India will attract the highest US tariff of 50 per cent along with Brazil. It is important to note that the US President Donald Trump often refers to India as a 'dead economy.' He has expressed strong displeasure over India's trade relations with Russia and China. However, for his family's company, The Trump Organization, India has become its largest market outside the United States. The Trump Organization has been consistently expanding its operations in India's real estate market. Since Trump first became President of the United States, his company's real estate business in India has tripled. Citing records, the Indian Express has reported that The Trump Organization partnered with several major builders in India and earned ₹175 crore from seven projects in Mumbai, Pune, Kolkata, and Gurugram. 'It's not a punishment for India, but it will also burden American consumers' Ever since Trump became the US President for the second time on November 5, 2024, his company, in collaboration with its Indian partner Tribeca Developers, has launched six new projects across Gurugram, Pune, Hyderabad, Mumbai, Noida, and Bengaluru. These projects collectively span 8 million square feet of land. Out of these, three projects — in Pune, Gurugram, and Hyderabad — have already been initiated this year. Work is currently underway on 4.3 million square feet under these projects. Business to Expand to 11 Million Square Feet In 2012, The Trump Organization announced its first project in India, and by the time these projects are completed, Trump's total real estate business in India will grow from 3 million to 11 million square feet. According to Tribeca Developers, these projects could be sold for at least ₹15,000 crore. Tribeca Developers, led by Kalpesh Mehta, is the official partner of The Trump Organization in India. The Company Doesn't Invest Money Directly An interesting fact is that The Trump Organization does not invest money directly in construction projects. It merely lends its brand name and, in return, charges a licensing fee or development fee, or takes a 3% to 5% share of the total project sales. Such properties are luxury developments, and because they carry the Trump name, their market value tends to be significantly higher. Who is working on these projects in India? In India, major companies working on these projects include Mukesh Ambani's Reliance Industries Limited (RIL), Lodha Group, M3M Group, Panchshil Realty, IRA Infra, and Unimark. For this report, The Indian Express reached out to Reliance Group, Tribeca Developers, M3M Group, Unimark Group, Panchshil Group, and The Trump Organization, but none of them responded. Lodha Group stated that it currently has no plans for any Trump-branded projects.
Hindustan Times
3 days ago
- Business
- Hindustan Times
The Trump Organization has partnered with leading Indian developers, earning nearly ₹175 cr from seven projects: Report
US President Donald Trump's family-run business, The Trump Organization, has treated India as its most significant market outside the US over the past decade. According to a report by The Indian Express, the company has earned at least ₹175 crore through partnerships with top Indian developers across seven projects in Mumbai, Pune, Kolkata, and Gurugram. The Trump Organisation has earned at least ₹ 175 crore through partnerships with top Indian developers across seven projects in Mumbai, Pune, Kolkata, and Gurugram.(Picture for representational purposes only)(Panchshil Realty website) Operating on a high-margin, zero-investment model, the firm neither buys land nor funds or constructs projects. Instead, it licenses the Trump brand for luxury real estate developments, collecting branding and development fees upfront, typically earning 3–5% of eventual sales. This asset-light approach has made India the organization's most profitable international market. 'The Trump Organization's earnings from these are yet to be disclosed, but experts said, its partnerships with the biggest builders, not only allows the Trump enterprise to tap into the most lucrative markets in the world's fastest growing economy, but also brings it continuous revenue stream with no financial risk,' the Indian Express report said. Between 2012 and 2019 alone, The Trump Organization earned $11.3 million in royalties and fees from four branded projects in Pune, Mumbai, Gurugram, and Kolkata, the Indian Express report said. By 2024, that figure had jumped. Trump's own financial disclosures show $12 million in new earnings from India, $10 million of which reportedly came from the Mumbai project. Another $2.2 million came from license and royalty fees paid by developers, the report said. 'Over the last eight months, Brand Trump has been on an aggressive expansion drive in India. Soon after his election as the 47th President of the United States of America on November 5, 2024, The Trump Organization, along with its Indian partner Tribeca Developers, announced at least six projects in Gurugram, Pune, Hyderabad, Mumbai, Noida and Bengaluru, adding up to 8 million sq feet of realty development," the IE report said. Also Read: Trump Organization enters India's office space segment: What does this mean for the Pune real estate market? From the first project announced in India in 2012, Brand Trump's footprint is set to see, by the time these projects are complete, a near four-fold expansion to 11 million square feet, a sharp jump from approximately 3 million sq ft developed until last year, the report noted. The Trump Organisation's footprint in India Of the total planned projects, three spanning approximately 4.3 million sq ft, or over half of Brand Trump's targeted footprint have already been launched this year in Pune, Gurugram, and Hyderabad. The Pune project, announced in March, marks the brand's first commercial development in the city. The properties are typically billed as luxury developments, with flats commanding a premium due to the President's name being attached to them, said the IE report. The Trump Organization, headquartered in NYC, is a family-controlled conglomerate and functions as the main holding company for Donald J. Trump's various business ventures through numerous subsidiaries spanning various industries, including real estate and hospitality. Founded and majority-held by Donald J. Trump, the organisation has his sons Donald J. Trump Jr. and Eric Trump as executive vice-presidents.
Time of India
3 days ago
- Business
- Time of India
It's a goldmine. Why Trump co can give Prez a realty check on ‘dead economy'
Gurgaon: Forget politics and diplomacy, US President Donald Trump's "dead economy" jibe at India while warning of higher tariffs wouldn't stand up to scrutiny in his family-run company. The Indian market has proved a real estate goldmine for The Trump Organization, which has entered into partnerships with Indian developers for premium ventures. One of those is its flagship project in the north – Trump Towers Delhi NCR in Sector 65, for which it is in a joint venture with Mumbai-based Tribeca, the exclusive Indian partner for Trump-branded projects, and Gurgaon-based M3M. Spread across 2.8 acres, Trump Towers features two towers housing 250 luxury apartments priced between Rs 5 crore and Rs 9 crore. On launch day, 20 units worth Rs 150 crore were sold. Since then, the project – which was launched with fanfare in 2018 and had Donald Trump Jr flying in for the occasion – has clocked over Rs 2,000 crore in bookings and is due for possession in the coming months, according to sources associated with the project. You Can Also Check: Gurgaon AQI | Weather in Gurgaon | Bank Holidays in Gurgaon | Public Holidays in Gurgaon Riding this success, the Trump brand announced its second city venture this May — Trump Residences in Sector 69. In the joint venture for this one are Tribeca and M3M subsidiary Smartworld. The project features two 51-storey towers with 298 residences. Prices here start at Rs 8 crore and go up to Rs 15 crore, with premium penthouses reaching Rs 125 crore. The project, according to the companies, is sold out and has netted Rs 3,250 crore in revenue. When it's ready, it will make Gurgaon the only city other than New York to host two Trump-branded residential towers. The national capital region is likely to see a third Trump-branded project with plans to launch Trump Towers at Sector 94 in Noida. Eric Trump, executive VP of The Trump Organization and the US president's son, had said in a statement in May, "We're incredibly excited to launch our second project in Gurgaon, and even prouder to be doing it once again with our amazing partners at Tribeca, M3M & Smartworld. The fact that we're expanding in this remarkable city speaks volumes — not just about the strength of the Trump brand in India, but also about the exceptional partnership we've built and the tremendous confidence The Trump Organization has in Gurgaon's future. With this new development, we've pushed the boundaries of luxury like never before. I'm confident that Trump Residences Gurgaon will stand among the most iconic and spectacular properties in our global portfolio." Tribeca has been managing branding, design, quality and sales across all Trump Organization projects. Smartworld is in charge of development and customer experience for the Sector 69 project, while M3M India is the execution partner for both the Sector 65 Trump Towers and the planned project in Noida. This is how the JVs function, with Indian developers taking care of the brick-and-mortar aspect of a project and The Trump Organization providing the branding, service templates and, of course, global reach. A buyer of a Trump Residences house who TOI spoke to said as a lifestyle brand, he could not think of anything better. "This cost a steep Rs 30,000 per square foot. But when you look at the trajectory of the first Trump Tower in Gurgaon, which launched at Rs 16,000 per sq ft and is now reselling at Rs 30,000 per sq ft, it becomes clear that this brand carries serious equity. It's a statement of both lifestyle and foresight." The real estate portfolio of The Trump Organization extends to Mumbai, Pune – where it launched its first commercial venture earlier this year – Kolkata, and Hyderabad. India is its largest market outside the US.
News18
4 days ago
- Business
- News18
Trump Calls India ‘Dead Economy', But His Largest Real Estate Business Outside US Is Here: Report
Until last year, the Trump Organization forged tie-ups with top builders and earned at least Rs 175 crore from 7 projects in Mumbai, Pune, Kolkata and Gurugram, said IE report Even as US President Donald Trump has called India a 'dead" economy, his family-controlled, The Trump Organization, has been seeing India as its largest market outside the US over the past 10 years, according to an Indian Express report. Until last year, it forged multiple tie-ups with top builders and earned at least Rs 175 crore from seven projects in Mumbai, Pune, Kolkata and Gurugram, as per available records. From the first project announced in India in 2012, Brand Trump's footprint is set to see, by the time these projects are complete, a near four-fold expansion to 11 million square feet, a sharp jump from approximately 3 million sq ft developed until last year, said the IE report. 'Over the last eight months, Brand Trump has been on an aggressive expansion drive in India. Soon after his election as the 47th President of the United States of America on November 5, 2024, The Trump Organization, along with its Indian partner Tribeca Developers, announced at least six projects in Gurugram, Pune, Hyderabad, Mumbai, Noida and Bengaluru, adding up to 8 million sq feet of realty development," the IE report said. Of these, three projects totalling around 4.3 million sq ft — more than half of Brand Trump's target — have already been launched in Pune, Gurugram and Hyderabad this year. The Pune project, announced in March this year, is the first Trump-branded commercial project in the city. In a statement during the launch, Eric Trump, Executive Vice President, The Trump Organization, said, 'India has embraced the Trump brand with remarkable enthusiasm". About the Trump Organization The Trump Organization is a privately held American conglomerate headquartered in Trump Tower, New York City. It serves as the principal holding company for the business interests of Donald J. Trump, the former President of the United States. Though originally founded in 1927 as Elizabeth Trump & Son by Donald Trump's grandmother and father, it was rebranded as the Trump Organization in 1971 when Donald Trump took control. Business Areas: The Trump Organization operates across several sectors, with a strong focus on real estate development, hospitality, golf resorts, and brand licensing. It owns and manages luxury residential towers, hotels, and commercial properties across the U.S. and internationally. The company also operates high-end golf courses under the 'Trump National" brand, including notable ones in Florida, New Jersey, Scotland, and Ireland. In addition, it has earned substantial revenue by licensing the Trump name to real estate and consumer products around the world. It lends its brand for upfront licence fees, or development fees, which could be construction-linked or, in most cases, a 3-5 per cent share in project sales. The properties are typically billed as luxury developments, with flats commanding a premium due to the President's name being attached to them, said the IE report. Leadership: The organization is primarily led by Eric Trump and Donald Trump Jr., both serving as Executive Vice Presidents. Eric Trump is more involved in the operational aspects of the business, including property management and development, while Donald Trump Jr. focuses on business strategy and branding. Though Donald Trump stepped back from management duties during his presidency, he retained full ownership and has since returned to playing an influential role in the company's direction. Legal and Financial Issues: The Trump Organization has been the subject of multiple investigations and legal challenges, particularly concerning tax practices, asset valuation, and business ethics. These issues have led to high-profile lawsuits and increased regulatory scrutiny, especially from authorities in New York. Some court rulings have resulted in financial penalties and restrictions on business operations in certain jurisdictions. Public Profile: The company gained significant global visibility through Donald Trump's reality TV career, especially via The Apprentice, and later during his tenure as U.S. President. While the brand once symbolized luxury and success, public and political controversies have affected its reputation, leading some business partners to distance themselves from the Trump name. Private Ownership: As a privately held entity, the Trump Organization is not subject to public financial disclosures like publicly traded companies. Most of its operations and financial details remain confidential, with management and control largely kept within the Trump family. About the Author News Desk The News Desk is a team of passionate editors and writers who break and analyse the most important events unfolding in India and abroad. From live updates to exclusive reports to in-depth explainers, the Desk More Get breaking news, in-depth analysis, and expert perspectives on everything from politics to crime and society. Stay informed with the latest India news only on News18. Download the News18 App to stay updated! tags : donald trump view comments Location : New Delhi, India, India First Published: August 06, 2025, 14:12 IST News india Trump Calls India 'Dead Economy', But His Largest Real Estate Business Outside US Is Here: Report Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. 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Hans India
4 days ago
- Business
- Hans India
Daily Briefing: Trump's India Ventures and the Trade Tariff Standoff
Top news today: Tariffs, which US President Donald Trump warned about earlier, will start from tomorrow. As per the new rules, India is to be taxed at a rate of 25 per cent, apart from an unspecified additional penalty over US Russia trade Russian oil. On Tuesday, Trump warned of the Trump tariffs, as he took a harder line. 'India, for the reasons of our friendship, I won't go up 25 per cent. But at the next level, we will be going up, very substantially over the next 24 hours,' he said. He said that zero duty from India was not enough for him, and that India was also 'pumping money into Russia by purchasing large amounts of oil.' Russia, which is also being targeted by Trump, said that sovereign nations had a right to decide their trade partners. 'We'll get back to the trade war in a bit, but first, let's talk about the Trump business bonanza that is happening in India right now, which Trump earlier called a 'dead economy'. In less than eight months since Donald Trump was sworn in as the President of the US, his family's real estate and branding company The Trump Organization, added nearly 8 million square feet of property projects in the country to its business portfolio. In India, the Trump Empire in India has tripled the value of its real estate deals since it entered the Indian market. Trump-branded properties have been launched in various cities in India, as well. Pune, for example, saw the launch of Trump Towers in 2015, and also the upcoming Trump World Centre. Two other Trump projects, both featuring residential towers in Mumbai, were also set to start in 2021. In Kolkata, Delhi, Hyderabad and Gurugram, Trump Towers are also expected to begin in the near future. The Trump Organisation does not directly invest in realty construction; it simply lends its brand for an upfront licence fee or a development fee. Meet the ten firms, a mix of old realty majors and flamboyant start-ups, that join hands with Trump or Tribeca to represent the brand in the country.
