Gurugram will soon become the second city, after New York, to house two residential projects of American conglomerate Trump Organization.
Kalpesh Mehta, founder of Tribeca Developers -- the licensed partner for Trump Organization in India-- said that the launch makes Gurugram the only city outside North America to have two Trump residential projects.
Estimated to be finished within five years of the announcement, the 1.2 million square feet (msf) development in Gurugram Sector 69 is targeting ₹3,500 crore in sales with a ₹1,200 crore investment.
The project will be undertaken in a joint partnership between Tribeca developers and Gurugram-based realty company Smartworld Developers, which is owned by the M3M group. The property will feature two 51-story towers with 298 residences.
Smartworld Developers co-founder Pankaj Bansal said that the Gurugram Trump Towers project is being launched at ₹27,000 per square feet, with ticket prices for residences ranging between ₹8 to 12 crore.