Breaking News

Asia Today ISSN 1861-4604 Saturday, January 20, 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 : 22

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 India launches its most advanced ICBM missile: Agni-V

ODISHA, India - On Thursday, India tested what is its most advanced intercontinental ballistic missile. The Indian Defense Ministry...

Photos Centre withdraws subsidy for Haj pilgrims

New Delhi [India], Jan 16 (ANI): The Union government on Tuesday scrapped the Haj subsidy for pilgrims as the fund will instead be used...

Photos ISRO launches 100th satellite, India creates space history

SRIHARIKOTA, India - The Indian Space Research Organization (ISRO) launched its 100th satellite on Friday, creating space history. ...

Photos SRK to be honoured at World Economic Forum 2018

New Delhi [India], Jan. 11 (ANI): Turns out, it is not just Prime Minister Narendra Modi who is going to attend the World Economic Forum...

Photos Thousands of motorbikes recalled by Yamaha India

NEW DELHI, India - Yamaha Motor has announced that it is recalling thousands of motorbikes with immediate effect. The company said...

Photos J-K CM calls for friendship between India, Pak

Srinagar (Jammu and Kashmir) [India], January 7 (ANI): Jammu and Kashmir Chief Minister Mehbooba Mufti on Sunday appealed to Pakistan...

Photos Sushma Swaraj embarks on five-day, three nation-visit

New Delhi [India], Jan 04 (ANI): External Affairs Minister Sushma Swaraj on Thursday embarked on her first visit of the year 2018 to...

Photos Before Netanyahu’s visit, India nixes deal with Israel

NEW DELHI, India - Days before Israeli Prime Minister Benjamin Netanyahu’s visit to India, authorities in India are said to have...

Photos Space mission 2018: India to launch 31 satellites in January

KARNATAKA, India - India has decided to launch its first space mission of the year on January 10 - when the country would launch 31...

Flying Reimagined

Stock Index

Saturday, January 20, 2018

Life Style

Photo Gallery

FEUILLETON