Trump to make 'substantial' investment in India
Posted on Aug 13 2014 | IANS
Mumbai, Aug 13 : Despite a sluggish realty market due to high interest cost and slow economic growth, US-based real estate major Trump Organisation will invest 'substantially' in the Indian sector.
Announcing his plans, flamboyant New York businessman Donald J. Trump, the US-based realty major's chairman and president, said: "It has been my desire for many years to be involved in a great project in Mumbai, and it is my honour to bring the Trump lifestyles to the citizens of this truly global metropolis."
During unveiling of his signature development project 'Trump Tower' in Mumbai Tuesday, Trump elaborated that there was a positive investment environment that has come about in the country after the new government led by Prime Minister Narendra Modi was sworn in.
"I do see India as a great place to invest, and I think the election made that even better. We will make investments in India... substantial investments in India. It's a great place to invest."
The US realty major has entered in a collaboration with the Lodha Group, a Mumbai-based luxury real estate developer for the project.
"Every aspect of Trump Tower Mumbai bears the distinct touch of the Trump brand - cutting edge design, incredible attention to detail and an obsession with perfection; creating a unique, luxurious property we are incredibly proud of," said Donald Trump Jr., executive vice president of the Trump Organisation.
Known for the highest levels of luxury, the finest locations and the most prestigious real estate -- Trump Towers are among the most successful residences worldwide, creating exclusive value that commands significant premium over all others.
The company is selective in choosing its projects, and Mumbai is one among chosen international cities like Vancouver, Istanbul, Panama and Manila.
The new project's features include a 24-hour resident manager and white-glove services, access to global Trump luxury properties and membership to private jet service.
The Tower, with its crystal glass inspired architecture, will feature uber-luxe 3 and 4 bedroom residences with dazzling interiors designed by HBA Singapore.
It will also include German Poggenpohl kitchens, five-fixture master bathrooms, indoor Jacuzzis, built-in TVs, elite seven-level security and the very best in every aspect of interior design.