Pune will Host the Construction of India's First Trump World Center
With the INR 1,700 crore investment in Trump World Center Pune, a 1.6 million square foot office complex, the Trump Organisation is entering the Indian commercial real estate market. Tribeca Developers will work with Kundan Spaces to create the project, which has an estimated sales potential of INR 2,500 crore. The 27-storey commercial tower, which would be the Trump Organisation's first office building in India and second endeavour in Pune, will be situated on a 4.3-acre area in the Koregaon Park annexe of Pune. The business previously collaborated with Panchshil Realty on a high-end residential Trump Tower project in the city.
Centre’s Attractions
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Features of Trump World Center
Pune |
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There are two office towers: one for large, leasable workplaces and
the other for strata sales, which are smaller office spaces. |
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A street of luxury shops featuring luxury brands. |
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The first Trump Club in India, which provides upscale dining,
entertainment, and business networking opportunities. |
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For office workers, amenities include childcare centres, hair salons,
auditoriums, fitness centres, sports facilities, spas, dining options, and
supermarkets. |
Speaking about the project, Tribeca Developers' founder, Kalpesh Mehta, said the company is spending INR 1,700 crore on the commercial project in Pune, with a 50/50 revenue-sharing arrangement with our partner. Debt, equity, and sales revenues are being used to finance the project. Small office spaces between 5,000 and 7,000 square feet are the focus of Tribeca Developers' direct sales strategy; the remainder of the spaces will be leased. The property will also have retail areas, though not in the shape of a mall. Instead, these will have food and beverage shops to meet the needs of business tenants.
India to Witness More Trump-Branded Projects in Coming Years
Three more upscale residential developments in North and South India are planned by Tribeca Developers, which currently has four Trump Tower residential projects in India (Mumbai, Pune, Gurugram, and Kolkata). These new projects will cost between INR 6,000 and INR 7,000 crore in total. Although no official announcements have been made yet, Mehta also alluded to potential future forays into residential and hospitality projects under the Trump brand. "India has embraced the Trump brand with remarkable enthusiasm," said Eric Trump, Executive Vice President of The Trump Organisation, who expressed excitement about the growth. The brand is developing its first commercial venture in India following the success of its residential partnerships.
In keeping with the traditions of Trump buildings around the world, Trump World Center Pune will establish a new bar for excellence. There are now four Trump Tower developments in India, totalling 3.5 million square feet, located in Mumbai, Pune, Gurugram, and Kolkata. India will soon overtake the US as the country with the most Trump-branded properties, with more releases anticipated. High-net-worth individuals (HNIs), non-resident Indians (NRIs), and Bollywood celebrities are among the purchasers of the ultra-luxury homes in the Gurugram and Kolkata Trump Towers, which are expected to be completed in 2025.
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