After four luxury residential Trump Tower projects, the Trump Organization is making its first foray into India’s commercial real estate market with the Trump World Center Pune, a two-tower office complex set to rise in the city’s bustling North Main Road district.
The project, co-developed by Tribeca Developers, the Trump Organization’s India partner, and local firm Kundan Spaces, will span 1.6 million square feet across 27 floors of office space. One tower will cater to smaller office buyers through strata sales, while the other will lease out larger office spaces. The development will also feature a high-end retail boulevard on the lower floors and India’s first Trump Club, a 40,000-square-foot private club.
The investment in Trump World Center Pune is pegged at ₹1,700 crore, with projected sales of ₹2,500 crore. The project is slated for completion by 2029 and is the first of several Trump-branded developments planned across India in the coming months.
India is already home to four residential Trump Tower projects--in Pune, Gurugram, Mumbai, and Kolkata. The new Trump World Centre will mark Trump’s second project in Pune and its first commercial development in India.
“There is a dearth of premium office buildings in India," said Kalpesh Mehta, founder of Tribeca Developers, in an interview. “There is also good demand for small-sized office spaces which this project will address. The Pune project will be developed on the lines of the original Trump Tower in New York, which was a mixed-use development.”
Tribeca co-develops Trump-branded projects with local partners, while Trump Organization licenses the ‘Trump’ brand to the projects for a fee. The last Trump Tower project was launched in Gurugram, in 2018, by Tribeca, M3M Group and Trump Organization.
“India has embraced the Trump brand with remarkable enthusiasm,” Eric Trump, executive vice-president of the Trump Organization, said in a statement. “After our successful collaboration on several iconic residential projects, we are proud to launch our first commercial development in India.”
“Trump World Centre Pune will set a new standard of sophistication and excellence, reflecting the same commitment to quality that defines Trump properties worldwide,” he added.
Kundan Spaces’ managing director Ashish Jain noted that Pune is entering a new phase of commercial growth. “Trump World Centre will be an integral part of this transformation,” Jain said.
(By arrangement with livemint.com)
