Friday, 20 April 2012

Trump brand and luxury residential tower for India

The US realty entrepreneur initial indicated that he was interested by the Indian market two years ago but the worldwide economic downturn meant that he needed to do and do lots of research to make sure the market was ready.
The Trump organisation will team up with Mumbai properties developer Rohan Lifescapes to develop a luxury Trump branded tower. A spokesman at his workplace within the ny confirmed that a project would be unveiled in March but was unable to administer details.
Two years ago his son, Donald Trump Junior said that the company was eager to ascertain if India was the proper marketplace for the Trump whole. He said they were setting aside up to $1 billion to develop comes inside the country.
‘The market place is beginning to understand and appreciate luxury, thus there is a superb gap for us there, additionally as in resorts,’ he said at the time.
‘Our entry must be in Mumbai and that’s where everything goes on immediately in terms of the high-end realty. That’s the place where one goes to realize the most effective prices per sq. foot. It sets the tone for all of the other future developments,’ he added.
Trump are following inside the footsteps of different luxury homes brands like Versace and Gucci who are involved in springing up with luxury realty in India.
Trump already has branded luxury residential towers around the world. Mumbai encompasses a variety of the foremost expensive realty in India. Rohan Lifescapes has developed over twenty million sq. feet of homes and offices inside the city and is currently developing another 3.45 million sq. feet of comes in Mumbai.
Trump has conjointly teamed up Bradford License India, a frontrunner in whole licensing, to introduce the Trump whole to the rising Indian market. ‘Together they will develop a bevy of merchandise below new partnerships that replicate Donald Trump’s signature attention‐to‐detail and top of the range standards at a cheap price purpose,’ said Cathy Hoffman Glosser, govt vp of worldwide licensing for The Trump Organization.
BLI will target expanding the Trump whole into apparel, fashion accessories and residential and lifestyle merchandise galvanized by his luxury properties around the world. All Trump merchandise will represent Affordable homes in mumbai luxury’, the notion that one can live richly whereas not spending a fortune, she added.

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