Tribeca Developers, the exclusive licensee of Trump Organization-branded luxury properties in India, has announced plans for extensive expansion across the country.
Founder Kalpesh Mehta revealed that the company is set to launch multiple new projects in India, including a second Trump tower in Gurgaon and another project in Mumbai. New launches are also planned for Hyderabad and Bengaluru, marking a significant expansion with at least four new Trump towers expected within the next year.
Ongoing Projects and Development Strategy
Tribeca Developers is nearing completion on two under-construction projects in Gurgaon and Kolkata, scheduled for delivery later this year. The company had previously licensed the Trump brand for projects in Mumbai and Pune, in collaboration with the Lodha Group and Panchshil Realty respectively.
Mehta outlined the company's development strategy, highlighting a full-stack model for projects in Mumbai, Pune, and Gurgaon, where Tribeca manages all project aspects from investment to construction. In contrast, partnerships with local developers are used in other cities, focusing solely on branding, design, sales, and marketing.
Market Outlook and Expansion Plans
Citing sustained demand for luxury housing in India and potential for price escalation, Mehta emphasized the success of the Trump brand in the Indian market. Tribeca Developers is actively exploring joint ventures and land acquisitions in emerging markets like Hyderabad, Chennai, and Chandigarh to fuel future growth.
New Ventures and Regional Expansion
Recently, Tribeca Developers entered a partnership with the Tejukaya Group for its maiden luxury residential project in Mumbai's Parel micro-market. The project, estimated at ₹1,000 crore and comprising around 400 units, underscores the company's commitment to expanding its footprint in key metropolitan areas.
Eyeing opportunities driven by rising aspirations and economic growth in second-tier cities, Tribeca Developers is targeting new projects in Coimbatore, Raipur, Indore, and Jaipur, with residential pricing starting at ₹10,000-12,000 per square meter.
Conclusion
With ambitious plans for expansion and a bullish outlook on the luxury housing segment in India, Tribeca Developers aims to solidify its position as a leading developer of premium residences under the esteemed Trump brand across the subcontinent.
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