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Donald Trump back in Mumbai, this time with Lodha Group

This is second attempt of Trump, known for high-rise buildings in Manhattan, to enter Mumbai

BS Reporter  |  Mumbai 

A slowdown in property markets is not stopping developers of premium realty projects from launching new projects.

US-based tycoon and celebrity Donald Trump’s Trump Organisation has tied up with Mumbai-based developer group for his second project in the country in the city.


“I am proud to announce our newest project, Mumbai. Together with the Group, it will be incredible!” tweeted about the project.

This is Trump’s second attempt, known for building high-rises in Manhattan, to enter Mumbai after its tie-up with failed earlier.

The Mumbai will be inside Lodha's newly announced 17.5-acre The Park project in Worli, group said on Tuesday. The 800-ft, 77-storey Tower will have three-, four- and five-bedroom luxury apartments. The construction is expected to be completed by 2018.

Bookings for the aprtments are expected to begin soon and prices are likely to be over Rs 8 crore for a three-bedroom apartment and Rs 10 crore for four-bedroom residences.

Real Estate, a Group entity, will use the Trump brand name under a sub-licence from DT Marks Worli LLC, part of Trump.

Trump is already doing a project with Panchsheel Realty in Pune, expected to be completed by 2015. Trump’s Pune project, a 22-storey residential twin-tower project will have 44 luxury single-floor condominiums.

The company owns and manages marquee hotels, resorts, casinos and building complexes in New York, including the Trump Casino, Trump International Hotel, Trump Marina Hotel and Casino, Trump Taj Mahal Casino Resort and

in Mumbai will come with Germany’s Poggenpohl kitchens, five-fixture master bathrooms, indoor Jacuzzi tubs, built-in Tvs and a seven-level security setup, group said.

Realty consultants believe this is the second such marketing blitzkrieg by Lodha, after the developer roped in Aishwarya Rai Bachchan as brand ambassador for The Park project.

TRUMP’S PROJECTS IN INDIA

ONGOING:

* A 22-storey residential twin-tower project in Pune with Panchsheel Realty. The project will have 44 single-floor condominiums

STUCK:

* is terminating a 65-storey project with at Chowpatty in Mumbai, announced in January 2011

ANNOUNCED:

* An 800-ft, 77-storey at Worli in Mumbai with group. The construction is expected to be completed by 2018

First Published: Wed, September 18 2013. 00:31 IST
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