New Delhi : A Trump Tower comprising 140 ultra-luxury apartments has been been launched in Kolkata and its Indian developers are expecting to garner around Rs 700 crore in sales from this project. Realty firms Unimark Group, RDB Group and Tribeca Developers have already sold about half the units since the project was soft-launched in mid-October. The starting price is Rs 3.75 crore for a 2,500 sq ft apartment. This is the third Trump Tower to be launched in India. “We will be developing about 130-140 units in this Trump tower.
The construction work has already started and the project will be delivered in mid-2020,” Tribeca Developers Managing Partner Kalpesh Mehta told PTI. Asked about the project cost, he said the construction cost would be around Rs 7,000 per sq ft for this project. Mehta also said the company would soon increase the price by 15 per cent. Tribeca, Unimark and RDB partnered last year to build this Trump tower, which is located on the EM Bypass, the city’s main arterial road, and has some of the finest luxury hotels of Kolkata in its neighbourhood. Tribeca is a boutique branded real estate developer.
It has worked with the Trump Brand for the last seven years. Unimark is one of the leading real estate developers in Kolkata, while RDB Group has interests in many businesses including real estate and infrastructure.