Trump Residences Gurugram was completely sold out on launch day, generating sales of ₹3,250 crore, developers Smartworld and Tribeca Developers said on Tuesday.
Launched on April 16, the ultra-luxury project saw overwhelming demand, with even its ultra-premium penthouses, collectively worth ₹125 crore, fully booked. The development includes 298 residential units, ranging in price from ₹8 crore to ₹15 crore per residence, including penthouses.
The project is a collaboration between Smartworld, Tribeca Developers, and Donald J. Trump’s The Trump Organization. It comprises two 51-storey towers. Under the partnership, Smartworld will oversee development, construction and customer service, while Tribeca is responsible for design, marketing, sales and quality control. Tribeca is the exclusive licensee of Trump-branded properties in India.
“The phenomenal response to Trump Residences is a testament to the aspiration for world-class living in India. Smartworld is proud to lead the delivery of this landmark project, and we thank our buyers for their trust in our vision,” said Pankaj Bansal, founder of Smartworld Developers.“Selling ₹3,250 crore on Day 1 places this among the biggest luxury deals the country has ever seen.
This launch proves the unmatched magnetic pull of the Trump brand and how deeply it resonates with India’s most discerning buyers,” said Kalpesh Mehta, founder of Tribeca Developers.
Trump Residences Gurugram is the second Trump-branded residential project in North India. The first, Trump Towers Delhi-NCR, also located in Gurugram and launched in 2018, is fully sold out and slated for delivery later this month. Tribeca has previously licensed the Trump brand to Lodha Group in Mumbai and Panchshil Realty in Pune for other Trump-branded residential developments.