INDIA TO WELCOME SIX NEW TRUMP TOWERS AFTER 2024 U.S. ELECTION WIN
Following Donald Trump’s recent election victory, Kalpesh Mehta, founder of Tribeca Developers and Indian partner of the Trump Organization, has announced plans to bring six new Trump-branded properties to India. These projects, estimated at Rs 15,000 crore, will make India the largest market for Trump properties outside of the United States.
The six new developments—planned for Mumbai, Pune, Gurugram, Bengaluru, Hyderabad, and Noida—will include residential and commercial spaces, along with India’s first Trump-branded golf and villa complex. The Trump World Towers label, reserved for the brand’s most prestigious projects, will add ultra-luxury appeal to some of these properties. Additionally, this expansion will debut Trump’s first large-scale office project in India, located in Pune, marking the brand’s entry into the Indian commercial market.
These properties are scheduled for launch announcements, with official openings expected in early 2025. Members of the Trump family, including Donald Trump Jr. and Eric Trump, are anticipated to visit India to mark the opening, a gesture highlighting the family’s dedication to their brand’s growth in India.
With its unique positioning, this expansion not only strengthens the Trump brand in India but also deepens US-India business ties as the country becomes a go-to destination for high-end real estate investment. India’s luxury real estate market is growing swiftly, with increasing investments from HNIs, celebrities, and NRIs, and this expansion is solidifying India’s status as a global luxury real estate hub.
India’s APAC Office Market: Pioneering Growth into 2025
India’s office real estate market is setting a powerful pace in the Asia-Pacific region as demand accelerates and workspace priorities shift toward adaptability, productivity, and sustainability. With a substantial 14.4 million square feet of new office space introduced in Q3 2024, India now leads the APAC market, securing over 70% of total demand this quarter.
Q3 2024 alone saw office leasing reach 17.3 million square feet, marking a 41% year-on-year increase and indicating that corporate expansion and back-to-office trends are gaining strength across sectors. Vacancy rates, maintained at around 17%, reflect a healthy demand-supply balance, providing tenants with competitive options and market resilience. Demand is diverse, with global capability centers (GCCs), tech firms, and Indian corporates continuing to fuel expansion. Coworking and flexible spaces have also seen a substantial uptake, providing versatile environments that appeal to both startups and established businesses.
In 2025, India’s office real estate market is set to not only support the evolving workspace landscape but also strengthen its role as a global office space leader, with rental rates being higher than pre-COVID levels, particularly in metro areas. India’s APAC office market dominance is poised to continue as flexible and sustainable workspaces gain traction.
Uncover key insights into India’s December 2024 real estate trends. Find out what’s driving sales, prices, and listings- read the full update here!
Data extracted in December 2024