Trump Towers to go sky-high in India too

After erecting scores of towers in several countries, Mr. Trump has now set his eyes on none other than India. This proves that India is one of the leading nations. Mumbai and Delhi could soon see a Trump Tower on the lines of Trump Organisation’s high-rise buildings in Manhattan, with the US-based realty major planning to invest in the Indian property market over the next 18 months. The company will focus on high-end projects in Mumbai, Delhi, Hyderabad, Bangalore, and resorts and villas in Goa, said Donald Trump Jr, executive vice-president, development, and acquisitions. It’s the urbanization factor that has to lead them to the land of the most varied cultures. Trump believes that the emergence of nuclear families and demand for real estate can drive growth for high-end developers. He said upcoming high-end projects in India have instilled confidence in developers and investors like them to enter the country. I think the idea seeded in when he visited the land himself a couple of years ago.

Planning joint ventures or licensing agreements with local developers, Trump, however, declined to specify how much the company would invest in India.