Trump World Center Pune: All You Need To Know About Trump Organization's First Commercial Project In India
The Trump Organization is entering the Indian real estate market with Trump World Center Pune, a joint venture with Tribeca Developers and Kundan Spaces, aiming for $289 million in sales.
Tribeca Developers, a Mumbai-based luxury real estate developer, has announced the launch of Trump World Center, India’s first Trump-branded office space, in Pune’s upscale Koregaon Park neighborhood. The project, with a development potential of 1.6 million square feet, will feature luxury offices available for strata-sale and lease.
Tribeca: Exclusive Indian Licensor For The Trump Brand
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Tribeca holds the exclusive licensing rights for the Trump brand in India, granted by The Trump Organization, owned by the Donald Trump family. The company has previously licensed the brand to developers like Lodha and Panchshil for Trump Tower residential projects in Mumbai and Pune. Building upon these collaborations, Tribeca has expanded its role to include development in partnership with other real estate firms and landowners, with projects already underway in Gurugram and Kolkata.
A Collaboration Between Tribeca, Kundan Spaces, and The Trump Organization
For the Pune project, Tribeca has partnered with Pune-based developer Kundan Spaces. The development will span a 4.3-acre land parcel, encompassing two 27-storey towers. Tribeca anticipates a revenue potential of approximately Rs 2,500 crore from the strata-sold component.
Trump World Center
The property will feature a high-street retail component and India’s first Trump Club, offering business leaders a dedicated space for networking, meetings, and dining. This prestigious development underscores Pune’s growing prominence as a global business hub.
“After our successful collaboration on several iconic residential projects, we are proud to launch our first commercial development in India. This milestone is a testament to the strength of our relationship with Kalpesh Mehta, the Tribeca team, and now Kundan Spaces. Trump World Center Pune will set a new standard of sophistication and excellence, reflecting the same commitment to quality that defines Trump properties across the globe," said Eric Trump, executive vice president of The Trump Organisation.
Chirag Mehta- Founder Arbour Investments said that the Trump World Center project is poised to have a multifaceted impact on India’s commercial real estate market and the AIF industry. Nationally, it enhances India’s appeal for luxury commercial investments, while locally, it positions Pune as a premier business hub, driving short-term economic activity and long-term growth in luxury developments.
“For the AIF industry, it underscores the growing role of AIFs in funding large real estate ventures, potentially leading to increased investments, new funds, and regulatory shifts favoring real estate. As India’s real estate market continues to evolve, projects like the Trump World Center will likely shape investment patterns and foster sector growth, particularly in key urban areas like Pune," it added.
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