As US President, Donald Trump may not really be faring very well, but in India, his fortunes are literally skyrocketing! Well, he is setting Gurgaon property market on fire. Trump Towers in Delhi NCR has captured the luxury realty market. The iconic Trump brand made its debut in the city of Gurgaon (Gurugram). It launched “Trump Towers Delhi NCR” – a residential project that is located at the prime Golf Course Extension Road of Gurugram. To much surprise, the project has received an overwhelming response from homebuyers. The project that was announced in mid- January 2018, has already clocked bookings worth Rs 500 crore! In just as little as a month’s time, the project sold over two residences a day since launch with an average ticket price of Rs 7.5 crore. Notably, in the last 2-3 years such velocity of absorption has not been witnessed in NCR luxury realty market.
Meanwhile, to celebrate the success of Trump Towers Delhi-NCR, Donald Trump Jr. who is the Executive Vice President of the Trump Organization, is set to arrive in Delhi in late February. With this, the project has become one of the newest and the largest Trump projects to date in India. The project is being jointly developed by M3M India and Tribeca Developers. This project marks the first entry of the iconic Trump Tower brand into Delhi-NCR and the fourth Trump Tower in India, a country with the most number of Trump branded properties outside of North America.
Acknowledging the success of the project, Samir Jasuja, the CEO of PropEquity said, “Trump Towers Delhi NCR has stormed the luxury realty market. Clocking sales of over 2 apartments every day for the last 30 odd days – that too in the Rs 6+ Cr luxury market which is known to average about 8 apartments in a month – is a true testament of the product and value proposition on offer.” Kapil Malhotra, who recently booked a residence at Trump Towers Delhi NCR, echoed the sentiments saying, “There is enormous demand for this project – many of my friends have enquired about this project. The prestige of owning a Trump residence is unparalled and no other project in this city can match up to this.”