Tag Archives: Trump Tower

Donald Trump to launch first real estate project in India in Pune

Posted on by Track2Realty

india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, Mumbai Real Estate, India Property, Donald Trump, Trump Tower, Track2Media, Track2Realty, ravi sinhaTrack2Realty-Agencies: America’s real estate business tycoon and celebrity Donald Trump has announced his company’s first Indian project, a 22-storied residential twin towers in Pune having 44 luxurious single-floor condominiums.

“Trump Organisation’s first project in India, Trump Towers Pune, will epitomise inspired living and timeless elegance,” Donald Trump, said on the micro blogging website Twitter yesterday, to announce his entry into India’s booming real estate market.

“A pair of sleek ultra-modern towers that redefine the Pune skyline, Trump Towers Pune marks the entry of the Trump brand of luxury and elegance in India,” the company said on its website.

As the first Trump project in India, Trump Towers Pune is a blend of modern architecture, cultural richness and an oasis of elite comfort, it added.

The cost of each condominium has not been announced yet.

Expected to be completed by 2015, Trump Towers Pune will also have an exclusive fitness centre by Bollywood star John Abraham.

“All residences will have five bedrooms with an additional home theatre room and host a 360-degree view of Pune cityscape with the surrounding Aga Khan Palace and the lush green Jogger’s Park being prominent. Trump Towers Pune’s location is envious,” it said.

Trump Tower Pune is being developed by city’s leading real estate developer, Panchshil Realty, located in upscale Kalyani Nagar neighbourhood.

Panchshil Realty launches Trump Towers Pune

Posted on by Track2Realty

india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, Mumbai Real Estate, India Property, Donald Trump, Trump Tower, Track2Media, Track2Realty, ravi sinhaAmerican property mogul Donald Trump’s maiden real estate project in the country, being developed by Pune-based Panchshil Realty, has been launched.

Panchshil Realty is developing ‘Trump Towers Pune’ a residential project in the country’s eighth largest metro.

“We are thrilled to announce Trump Towers Pune. It will be one of the hottest locations in the country. Panchshil Realty plans to deliver a product unlike anything else in the region,” Donald Trump. was quoted as saying in a statement issued by the real estate firm here.

The project sees the entry of the ‘Trump’ brand of luxury into the domestic real-estate market. With approvals ready and construction already underway, the project is expected to be completed by 2015, the release said.

“Luxury lifestyle is fast catching up and with the growing number of high-net individuals, we have realised that our brand adds significant value to ultra luxury realty developments,” Donald Trump Jr said.

The project is slated to be one of the tallest residential buildings in the city and is spread on a 2.5-acre site with 44 luxurious condominiums across two towers of 22 storeys each.

“We are proud to bring the Trump Brand to the country and are excited to introduce one of the most luxurious living experiences in Pune,” Panchshil Realty Director Sagar Chordia said.

The realty firm said that The Trump organisation or any of their affiliates would not own, develop or sell the project.

Mumbai family stalls Donald Trump’s India plans

Posted on by Track2Realty

india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, Mumbai Real Estate, India Property, Donald Trump, Trump Tower, Track2Media, Track2Realty, ravi sinhaA family is refusing to budge from their home in Mumbai to make way for a new luxury apartment block being built by billionaire US property tycoon Donald Trump. Donald Trump in association with Mumbai-based Rohan Lifescapes had only recently announced to make tallest apartments.

The Panvalkar family says they will not move from their first-floor flat in a building earmarked for demolition to make way for the tower block, claiming that Trump’s local partner has refused to give them alternative accommodation. Rohan Lifescapes didn’t respond to Track2Realty query on the same.

“We’re not resisting. We’re for the development and we want it to take place but anything the developer who has taken on this project has to be done according to the law,” said Prasad Panvalkar.

“They don’t want to rehouse us on the same plot but want us to go away permanently,” he said.

Small businessman Panvalkar, 51, lives in the south Mumbai property with his wife, Smita, also 51, son Akshay, 20, and 50-year-old brother-in-law Atul Rao.

The flat, which belongs to Rao, has been in the family’s possession since the block was built in 1929, he added.

He said he refused to be pressured into leaving and that he was legally entitled to be temporarily housed and offered a flat in the new development.

The building’s other tenants have all left. Workmen have since moved in and shored up the interior with bamboo scaffolding. They were seen shifting rubble and fittings yesterday. The adjoining building has been demolished and the site is now fenced off.

Panvalkar said they had their electricity supply cut off for 42 days and it was only recently reconnected after he complained to the local authority.

“We’re not against Donald Trump,” he added. “He wants to make his landmark project in Mumbai and we’re happy about that. But he might not be aware of such facts.”

Straight-talking Trump, who presents the television show “The Apprentice” and recently decided not to run for the US presidency, entered into the partnership for his first foray in the Indian property market.

Demand is growing for luxury accommodation in India on the back of the country’s economic boom.

The Mumbai project – dubbed “Trump Tower, Mumbai” in the local press – is on prime real estate near the city’s landmark Chowpatty beach and off the sweeping Marine Drive promenade.

It is not the first to run into opposition. Work on what Trump said would be “the world’s greatest golf course” near the Scottish city of Aberdeen was delayed for four years over environmental concerns, sparking public inquiries and government intervention.

A fisherman, whose ramshackle farm was in the way of the proposed second hole, refused to leave. Work eventually started on the $1.1bn scheme, which also includes holiday apartments, last year.