Trump Residences sold out on day 1 of Gurugram launch; record bookings worth Rs 3,250 crore
Online bookings opened on 13 May. The ultra-premium penthouses, worth Rs 125 crore, were also fully allotted, the developers said in a statement.
Smartworld Developers and Tribeca Developers, partners of The Trump Organisation in this project, said they saw 'record' bookings worth Rs 3,250 crores at Trump Residences.
Gurugram: Amid the controversy over US President Donald Trump's claims that he brokered a 'ceasefire' between India and Pakistan, Trump Residences in Gurugram sold out completely on the first day of the launch, with its Indian partners calling it a 'landmark moment for India's luxury market'.
The real estate venture, located in Sector 69 along Southern Peripheral Road and Golf Course Road Extension, is Trump's sixth residential project in India and second in Gurugram alone. Despite construction still being in progress, the 129 luxury apartments priced between Rs 8 crore and Rs 15 crore have already been booked.
The 51-storey twin towers will feature 12 lakh square feet of saleable area with base prices starting at Rs 27,000 per square foot. It was not immediately clear when the construction will be completed.
The project showcases distinctive architectural elements, including floor-to-ceiling glass walls, double-height living rooms, private elevators, and panoramic views of the Aravalli hills. It will also house India's first aquarium bar with an integrated restaurant, the developers said.
'The phenomenal response to Trump Residences is a testament to the aspiration for world-class living in India. Smartworld is proud to lead the delivery of this landmark project, and we thank our buyers for their trust in our vision,' Pankaj Bansal, Founder of Smartworld Developers, told ThePrint, Thursday.
Kalpesh Mehta, Founder of Tribeca Developers, echoed similar sentiments, describing the project as 'not just a real estate project—it's a landmark moment for India's luxury market'. He attributed the success to 'the unmatched magnetic pull of the Trump brand' and how it resonates with India's high-end buyers.
According to the arrangement, Smartworld will oversee development, construction, and customer service, while Tribeca has taken the lead on design, marketing, sales, and quality control for the project.
This represents the second Trump-branded residential development in northern India. The first, Trump Towers in Delhi-NCR, launched in 2018 in Gurugram, is also fully sold out and scheduled for delivery later this month.
In April this year, the Tribeca Developers founder, Kalpesh Mehta, announced that either Donald Trump Jr. or Eric Trump, sons of the current US president, could soon travel to India to oversee progress on the Trump Tower project in Gurugram.
The Trump family has maintained connections with their Indian real estate ventures, with Donald Trump Jr having made visits to the country in 2018 and 2022.
(Edited by Sanya Mathur)
Also Read: US pushes for direct India-Pakistan talks, 'dealmaker' Trump ready to aid 'pursuit of peace'
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