Realty firm M3M India has announced that the company has sold 20 luxury apartments worth Rs 150 crore under the Trump Towers project in Gurgaon in just a day of its launch. The company is aiming for Rs 2,500 crore from the sale of 250 units in this project.
Trump Towers Delhi NCR is located at the prime Golf Course Extension Road in Gurgaon. It has received an overwhelming response from homebuyers.
Global realty brand ‘Trump Towers’ has launched its first luxury project in North India through real estate firms M3M India and Tribeca Developers. Developer M3M India will be building the ‘Trump Towers Delhi NCR’ at the cost of Rs 1,200 crore, which excludes land cost. Tribeca has received exclusive rights to market this project under the Trump brand.
M3M India Director Pankaj Bansal announced that the company has sold 20 super luxury homes on the first day of the launch of the project recording sales of Rs. 150 crores.
The cost of each luxury apartment will vary from Rs 5 crore to Rs 10 crore. The construction of the project is scheduled to begin in March. Each tower will have around 50 floors and will face a beautiful golf course. The project is expected to be completed in the next five years. Leading developer M3M India has a land bank of over 2,200 acres in and around Delhi NCR. The company has already completed 8 projects and has 12 projects under development right now.
The company has sold 20 super luxury homes and will be building over 250 luxury residences under a brand license from The Trump Organization. The organization is led by Donald Trump Jr, who is the eldest son of US President Donald Trump.
Donald Trump Jr arrived in India in February and scheduled dinners with Trump-branded apartments. Buyers who have pre-booked the apartments in Trump Towers near New Delhi were invited to the dinner. A similar event was hosted in Kolkata, where 65% of the Trump Tower apartments have already been sold. Apart from Gurgaon and Kolkata, Trump towers have also been launched in Pune and Mumbai.
The Trump Organization has launched five projects in India which also include an office building development in Gurgaon apart from the residential Trump Towers in leading cities in India, making the country the brand's biggest market outside the US. The construction of the Trump towers is expected to be completed by 2023; while the company’s other projects are already in various stages of development.