Breaking News

Asia Today ISSN 1861-4604 Wednesday, July 18, 2018

Headline

Trump Tower in North India clocks billions in sales on Day 1

The project is set to be completed in five years

Share on Facebook January 12, 2018, Reporter : ANI, Reader : 226

news

GURGAON, India - Trump Towers launched in North India’s Gurgaon state to record breaking sales on Thursday.

The global realty brand Trump Towers debuted through real estate firms M3M India and Tribeca Developers.

M3M India said in a statement that it has sold 20 luxury apartments worth Rs 1.5 billion under the Trump Towers project in Gurgaon within a day of its launch.

The company added that it was targeting Rs 25 billion from the sale of 250 units in the project, Trump Towers Delhi NCR, when it launched on Wednesday.

M3M India added that it was developing the project at an investment of Rs 12 billion, excluding land cost. 

According to the statement, Tribeca has received the exclusive right to market this project, while The Trump Organization has lent the Trump brand.

In a statement, M3M India Director Pankaj Bansal said, “We have recorded sales of Rs 1.5 billion on the first day of launching the iconic Trump Towers in Gurgaon.”

Further, officials said that M3M and Tribeca will develop 250 ultra-luxury residences under a brand licence from The Trump Organization, which is currently led by U.S. President Donald Trump’s son, Donald Trump Jr.

Further, the company’s officials said that the project offers 250 ultra-luxury residences with initial price ranging from Rs 50 million to Rs 100 million.

In March, the construction work of the towers is set to begin with each around 50 floors and over 600 ft facing golf course.

The project is set to be completed in five years.

M3M India has a land bank of 2,200 acres in and around Gurgaon and has already completed 8 projects and is currently developing 12 projects.

 

More Euro Asia news of the month

Photos Rouhani visits India, signs pact on leasing port

NEW DELHI, India - During Iranian President Hassan Rouhani’s visit to India, the two countries signed crucial agreements on a...

Photos Priyanka Chopra to terminate contract with Nirav Modi

Mumbai [Maharashtra] [India], Feb 15 (ANI): Bollywood actress Priyanka Chopra has been seeking a legal opinion with respect to...

Photos Trump slams India for high import tariffs on Harley-Davidson

WASHINGTON, U.S. - As the Indian capital announced that the country was slashing customs duty on imported motorcycles from high-end...

Photos Mumbai Raza Academy demands viral song be deleted from Malayalam movie

Mumbai [India], Feb 14 (ANI): Raza academy of Mumbai on Wednesday passed a resolution against Malayalam movie 'Oru Adaar Love'...

Photos Jaish-e-Mohammed terrorists attack Indian Army camp

SRINAGAR, India - On Saturday morning, an Army camp in India’s northern Jammu and Kashmir state suffered a terrorist attack,...

Photos India recorded over 50,000 cyber security incidents in 2017

NEW DELHI, India - According to information presented to the Indian Parliament, the country’s IT Minister Ravi Shankar Prasad said...

Photos Google slapped with heavy fine in India for unfair practices

NEW DELHI, India - Delivering an order based on complaints that were filed in 2012, India’s Competition Commission slapped a huge...

Photos Mumbai airport becomes world's busiest single runway airport

MUMBAI, India - India’s second largest airport, the Mumbai airport became the world's busiest single runway airport this...

Photos India Open: Saina Nehwal bows out in quarters

New Delhi (India), Feb 2 (ANI): In what may come as a huge blow to the Indian fans, ace shuttler Saina Nehwal crashed out of the India...

Flying Reimagined

Stock Index

Wednesday, July 18, 2018

Life Style

Photo Gallery

FEUILLETON