Latest news with #TrumpTowers
Time of India
07-08-2025
- Business
- Time of India
Why Trump Towers can give US prez a realty check on ‘dead economy'
Why Trump Towers can give US prez a realty check on 'dead economy' Rao Jaswant Singh TNN Aug 7, 2025, 18:46 IST IST Gurgaon alone has thrown up massive revenues and is the only city besides New York to have two Trump-branded residential projects 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.
India.com
07-08-2025
- Politics
- India.com
Bihar Takes Revenge From US President; Denies Residency Certificate To Donald Trump
The Election Commission's Special Intensive Revision of the electoral roll has opened up a Pandora's box in Bihar with the domicile certificate being issued to living and non-living beings, exposing the loopholes in the system. Notably, the ECI has marked the Domicile or residency certificate as one of the desired documents for voter verification in Bihar. This led to a surge in applications for the domicile certificates. Recently, it came to light that the District administrations in Bihar issued Domicile certificates to a dog (Dog Babu) and a tractor, making it to the national headlines. Now, amid India's tariff war with the United States, Bihar seems to have taken the tussle to a whole new level. While Trump Towers are inviting investors and buyers in the country, Bihar has reportedly denied a residency certificate to 'Donald Trump'. Yes, you read it right. The US President has failed to secure a residency certificate in Bihar, and the state's domicile certificate saga has got even more hilarious with this new incident. Reality of SIR in Bihar. US President Donald J. Trump is now a resident of Bihar. Great work @ECISVEEP — Saradsree Ghosh (@TheSavvySapien) August 6, 2025 In the state's Samastipur district, the authorities received a domicile certificate application in the name of 'Donald John Trump', son of 'Frederick Christ Trump', with the address mentioned as Hasanpur, Ward 13, Bakarpur Post, Mohiuddin Nagar Block, Samastipur. The application was made on July 29, said media reports. Notably, the applicant furnished a forged Aadhaar card, tampered photo IDs, barcode distortions, altered personal details and a photo of Trump with the application made through the online portal. The scrutiny of the documents led to suspicion, prompting rejection of the application on August 4. Soon after the incident came to light, an FIR was registered at the Samastipur Cyber Police Station under Sections 318(4) and 336(4) of the BNS (pertaining to forgery and use of forged documents), and Sections 66(c) and 66(d) of the Information Technology Act, 2000 (related to identity theft and online fraud), said the reports. Further investigation is underway in the matter. The incident has drawn hilarious reactions from the social media users, with some terming it Bihar's revenge after the US imposed additional tariffs on India, taking the total tax to 51%.
Time of India
07-08-2025
- Business
- Time of India
Trump calls India's economy ‘dead', but Trump Towers earn thousands of crores from Gurgaon, Mumbai, Pune and other cities
While US President Donald Trump has criticised India's economy as 'dead' and hinted at higher tariffs, his family-run business continues to expand its real estate footprint across Indian cities, particularly in the National Capital Region (NCR), a TOI report stated. The Trump Organisation has partnered with Indian developers for premium real estate projects, including the Trump Towers Delhi NCR in Sector 65, Gurgaon. Developed in collaboration with Tribeca and M3M, the project has recorded bookings of over ₹2,000 crore since its launch in 2018, sources said. The project features 250 luxury apartments priced between ₹5 crore and ₹9 crore. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program On the day of its launch, the project sold 20 apartments worth ₹150 crore. The development was marked by a high-profile event attended by Donald Trump Jr. Possession of the apartments is expected in the coming months. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like With temperatures hitting 95°F, this is the mini air conditioner everyone's buying in the U.S News of the Discovery Undo Second project sold out, third in pipeline Following this success, the Trump Organization announced a second venture in Gurgaon this May – Trump Residences in Sector 69. The project, a joint effort by Tribeca and M3M subsidiary Smartworld, comprises two 51-storey towers with 298 units. Prices for these apartments range from ₹8 crore to ₹15 crore, while premium penthouses are priced as high as ₹125 crore. The companies involved have claimed the project is completely sold out, with total revenue of ₹3,250 crore. Live Events You Might Also Like: Gurgaon to be the only city outside New York with two Trump Residences This development will make Gurgaon the only city apart from New York to host two Trump-branded residential towers. Plans are underway for a third project – Trump Towers at Sector 94 in Noida. Eric Trump: "Confidence in Gurgaon's future" Commenting on the second Gurgaon launch, Eric Trump, executive vice president of The Trump Organisation, said, '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.' Partnership model and market presence Tribeca handles branding, design, quality, and sales for all Trump projects in India. Smartworld is managing development and customer experience for the Sector 69 project, while M3M is the execution partner for the Gurgaon and planned Noida projects. Under this joint venture model, Indian firms manage construction and operations, while the Trump Organization contributes branding and global visibility. A buyer of a Trump Residences home told TOI, 'This cost a steep ₹30,000 per square foot. But when you look at the trajectory of the first Trump Tower in Gurgaon, which launched at ₹16,000 per sq ft and is now reselling at ₹30,000 per sq ft, it becomes clear that this brand carries serious equity. It's a statement of both lifestyle and foresight.' You Might Also Like: Tariff timeline: Major developments in Trump's trade war You Might Also Like: US will replace India as the tariff champion by 2x: Niti Aayog's Arvind Virmani takes a dig at Trump's Maharaja of tariff remark India remains top overseas market for Trump brand Apart from the NCR, The Trump Organisation has residential and commercial projects in Mumbai, Pune, Kolkata, and Hyderabad. Earlier this year, it launched its first commercial venture in Pune. India is currently the largest overseas market for the Trump real estate brand.
Hans India
06-08-2025
- 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.
Indian Express
06-08-2025
- Business
- Indian Express
Daily Briefing: Trump's empire in India and the tariff war
Good morning! United States President Donald Trump's tariffs are set to kick in tomorrow. India is facing a 25 per cent charge, plus an unspecified 'penalty' for its purchase of Russian oil. On Tuesday, Trump doubled down on his threat, warning that he will raise the tariffs against India 'very substantially over the next 24 hours'. He added that India will offer the US a zero-duty deal, but 'that's not good enough because of what they are doing with Russian oil.' Taking note of Trump's criticism, Russia has hit back, saying, 'sovereign countries must have, and do have, the right to choose their trade partners'. We have more on the tariff war, but first, let's take a look at the expanding Trump empire in India, a nation he recently branded as a 'dead economy'. In the eight months since Trump came to power in the US, his family-controlled The Trump Organisation has been on an expansion blitz, adding up to 8 million square feet of realty development. From his first term, Brand Trump's real estate footprint in India has jumped threefold. Consider this: Trump Towers have come up in Pune (2015), where a Trump World Centre is also under construction, and Mumbai (2021), where two other projects are also in the pipeline, including a residential tower. Kolkata, Delhi, Hyderabad and Gurugram are also set to get their own Trump Towers, among others. Notably, the Trump Organisation does not invest directly in construction, but lends its brand for upfront license fees or development fees. It has roped in Kalpesh Mehta's Tribeca Developers as its official partner in India. Meet the ten firms, a mix of long-standing realty majors and flamboyant start-ups, that team up with Trump or Tribeca to showcase the brand in the country. Some of these have politicians as owners, while some are under the radar of investigative agencies. On that note, let's get back to the agenda. Amid Trump's attack on India for its trade with Russia, New Delhi has been clear in its response, calling the criticism 'unjust' and noting that the US and the EU (European Union) continue to trade with Moscow. Take a look at some of the arguments: 👉 On Tuesday, when Trump was asked about India's charge that the US was buying uranium hexafluoride, palladium, fertilisers and other chemicals from Russia, the President responded, 'I don't know anything about it. I will have to check…' However, as my colleague Aggam Walia reports, while American imports from Russia fell by 90 per cent in 2024, two years after the war began, key Russian goods continued to flow into the US. Between January and May this year, US imports from Russia grew 23 per cent year-on-year to $2.1 billion. 👉 New Delhi has also reminded Trump that the US had earlier endorsed its purchase of Russian oil. Global energy expert Bob McNally attested as such, saying in an interview with CNBC that it was the previous Joe Biden administration that 'begged' India to buy Russian crude to keep global energy prices in check. India has also faced criticism that it's facilitating a backdoor channel for Russian oil to flow into European markets. However, up until this year, there was no ban on Russian-bought oil. The EU's recently announced sanctions only take effect in January 2026. Shubhajit Roy has more details. 👉 India has long pushed back against the EU's criticism of India's trade with Russia, noting that European countries are still the major buyers of Russian oil and gas. Over the years, Minister of External Affairs S Jaishankar has also delivered statements like, 'Europe's problems are not the world's problems' and that 'India is looking for partners and not preachers'. India is currently facing a two-pronged challenge in maintaining access to its largest export market — the US. One, the uncertainty surrounding Trump's 'penalty' has dampened summer export orders, including cotton garments, footwear, and linen clothing. Second, China has been aggressively reducing prices to outcompete other countries. Notably, India will likely retain its edge over China when the effective tariff rate (ETR) is considered. ETR refers to the total duties as a percentage of total imports. Essentially, New Delhi's test lies in navigating Trump's bullying tactics while negotiating a fair trade deal. That's all for today, folks! Until tomorrow, Sonal Gupta Sonal Gupta is a senior sub-editor on the news desk. She writes feature stories and explainers on a wide range of topics from art and culture to international affairs. She also curates the Morning Expresso, a daily briefing of top stories of the day, which won gold in the 'best newsletter' category at the WAN-IFRA South Asian Digital Media Awards 2023. She also edits our newly-launched pop culture section, Fresh Take. ... Read More
