The iconic Trump Tower comprising 140 ultra-luxury apartments has been been launched in Kolkata and its Indian developers are expecting to garner around Rs 700 crore in sales from this project. Realty firms Unimark Group, RDB Group and Tribeca Developers have already sold about 50 per cent units since the project was soft-launched in mid-October. The starting price is Rs 3.75 crore for a 2,500 sq ft size flat.
This is the third Trump Tower to be launched in India. The Trump Organization founded by US President Donald Trump already has Trump-branded project in Pune partnering Panchshil Realty. It tied up with Lodha group in 2014 for housing project in Mumbai.
On sales, the response has been very good and the company has sold 50 per cent of the unit within one month. There was a big gap in the super-luxury residential segment of Kolkata, with no branded luxury developments. Despite a price increase, we anticipate a complete sell-off of the development in the next 6-12 months.