The iconic Trump brand that debuted in the city of Gurugram with the launch of ‘“Trump Towers Delhi NCR”, a residential development, at the prime Golf Course Extension Road of Gurugram (India's National Capital Region) has received an overwhelming response. The project was announced in mid- January 2018 and has already clocked INR 500 crore worth bookings in little under a month of launch. The project has sold over two residences a day since launch with an average ticket price of INR 7.5 crore. This velocity of absorption has not been witnessed in NCR luxury realty market in the last 2-3 years. 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 the Delhi-NCR and the fourth Trump Tower in India, a country with the most number of Trump branded properties outside of North America.
Samir Jasuja, CEO of PropEquity, acknowledged the success saying. “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 & 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.”
Trump Towers Delhi NCR will be characterized by iconic twin towers rising over 600 feet that will be amongst the tallest towers in the region. The striking all glass façade is a signature Trump style with sleek lines and an imposing form. Design is at the core of the residences with every room featuring expansive floor-to-ceiling windows, flooding each residence with natural light and providing spectacular views of the city, adjoining 9-hole golf course and the Aravalis Range. Each residence has a private elevator which opens into the awe-inspiring private entry, offering owners the ultimate privacy. A third of the residences boast over 22 feet high double-height living rooms, giving them a duplex penthouse feel, despite being simplexes.
Rima Khosla, co-founder of Arena Multimedia and proud owner of a luxury residence at Trump Towers Delhi NCR said, “We were well aware of the Trump brand and its significance globally. It is great for the city to get its own Trump Towers and we could not pass up the chance to be amongst the few who will call it home. The price range hit a sweet spot and we decided to book. We now look forward to welcoming Donald Trump Jr to our city!”
Donald Trump Jr., Executive Vice President of the Trump Organization, is set to arrive in Delhi in late February to celebrate the success of Trump Towers Delhi-NCR, the newest and largest Trump project to date in India.
The developers shared the following details about the sales achieved till date:
• The vast majority of buyers are from business families of Delhi NCR with many families purchasing multiple residences, top CEOs of multi-national companies and even NRIs
• Almost all the buyers cited self-use as the purpose of purchase
• Inaugural offer and launch prices set to rise soon