National, March 14, 2021: With the luxury market witnessing traction during the pandemic, the Trump Organizations’ India partner Tribeca is bullish about the global brand in India and plans to launch projects in Mumbai, Noida, Bengaluru and Hyderabad this year under the banner. With the focus on work-from-home and second homes, it is also considering launching luxury villa projects in the first quarter of 2022 in Chandigarh, Sohna, and between Mumbai and Pune.
“We will continue to aggressively ramp up our Trump portfolio in India this year as the luxury market in India has made a respectable comeback during the pandemic. We are ready to do one more Trump project in Mumbai and one each in Noida, Bengaluru and Hyderabad,” Kalpesh Mehta, founder of Tribeca, told Moneycontrol.
Asked if the company plans to launch the Trump golf brand in India, he said that Tribeca is planning to launch the Trump villas in the first quarter of 2022.
“Whether we do golf villas or not is secondary but the big trend in India that I see going forward is that of weekend or second homes – large homes outside of cities. We are planning to launch Trump villas in the first quarter of 2022 outside of major cities. The market in India has not yet seen luxury villa developments on a large scale and I think there is a market for it,” he said.
It is important to note here that of its current development portfolio of 4.5 m sq. ft and a total sale value of over Rs 5,000 crore, Tribeca does not own the land on any of the projects.