{"id":22937,"date":"2016-08-15T15:23:33","date_gmt":"2016-08-15T08:23:33","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/donald-trump-behind-two-luxury-residential-towers-in-india\/"},"modified":"2016-08-15T15:29:38","modified_gmt":"2016-08-15T08:29:38","slug":"donald-trump-behind-two-luxury-residential-towers-in-india","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/donald-trump-behind-two-luxury-residential-towers-in-india\/","title":{"rendered":"Donald Trump behind two luxury residential towers in India"},"content":{"rendered":"


\nThe Trump brand has several luxury projects in the pipeline in\u00a0Asia
\nDonald Trump speaking in Phoenix, Arizona. Image credit: Gage Skidmore (Flickr)
\nWith a project already underway in the Philippines, and another announced in Indonesia, Donald Trump isn\u2019t shy about spreading\u00a0his brand in Asia. \u00a0The\u00a0Trump Organisation is also part of two luxury residential projects in India.
\nIndian real estate firms Lodha Group and the Panchshil Group are both building their own Trump Towers in the subcontinent, reports The Hindustan Times.
\nA 75-storey tower, called the Lodha Trump Tower, will rise in the upmarket Worli district of Mumbai, while Panchshil will develop two 23-storey Trump Towers in Pune, both in the state of Maharashtra.
\nDespite the Republican candidate\u2019s controversial comments causing offense to many people in Asia, Asian property companies still tend to value the Trump brand in terms of luxury. \u201cThe aim of Lodha Group\u2019s collaboration with the Trump Organization for the Trump Tower Mumbai is to raise the bar in every sense for luxury and services and set a new benchmark for luxury living in India creating a tower that redefines the Mumbai skyline,\u201d the Lodha Group said in a statement.
\nLodha\u2019s Trump skyscraper will offer units starting at INR9 crore (USD1.3 million) as well as a private jet service. The Trump Towers by Panchshil will have a single unit for each floor.
\nPanchshil slaps a 25 percent premium on units in its Trump-branded units. As a result, buyers who have leased their units are \u201cgetting more than INR5 lakh per month that is almost double than those in the neighbourhoods,\u201d Sagar Chordia, director for Panchshil Realty, told The Hindustan Times.
\nMore: Special Report: Ivanka Trump, scion of brand sophistication
\nTrump has not contributed financially to the projects, rather, he is paid an undisclosed fee for the use of the brand name.
\nThis development comes as a growing faction of Indians throw their support behind the Trump campaign. Mangal Prabhat Lodha, chairman and founder of Lodha Group, is reportedly a fundraiser for his campaign. \u00a0Last year, Indian-Americans launched the Hindu Republican Coalition, led by industrialist Shalabh Kumar who has also contributed USD1.1 million to the Trump campaign.
\nKumar, who is associated for anti-Pakistan sentiments, declared that Trump will be the \u201cmost pro-India President since the birth of the US.\u201d
\nThe Trump campaign has been deflecting accusations of racism and xenophobia in recent months. At a rally in Delaware, Trump impersonated\u00a0a call center worker in an accent while saying: \u201cWe are from India,\u201d (watch below).
\nOf the Philippines, where another Trump Tower is under construction, the Republican leader suggested that it is a nation that coddles terrorists, outraging government officials. His Islamophobic remarks earlier this year have also irked Muslims in Indonesia, where two Trump resorts are being developed.
\n\u00a0
\n\u00a0
\nAlthough there have been high-profile early takers for Panchshil\u2019s Trump project, such as Bollywood actor Rishi Kapoor, some experts are doubtful that branded developments will resonate with Indian property buyers. \u201cIndians are not swayed by brand per se as here real estate sells on basis of the location and the neighbourhood,\u201d Pankaj Kapoor, CEO of real estate research firm Liases Foras, told The Hindustan Times.
\nThis is not Trump\u2019s first foray in India. In 2011, he signed an agreement with Mumbai developer Rohan Lifescapes for a luxury project that was eventually nixed due to regulatory issues.
\nRead next: Donald Trump: \u2018I am hard to please and pleased when I am\u2019
\n
\nSource : property-report.com
\nRead more…Donald Trump behind two luxury residential towers in India<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Trump brand has several luxury projects in the pipeline in\u00a0Asia Donald Trump speaking in...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-22937","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5XX","jetpack-related-posts":[{"id":41284,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/asia-where-does-your-country-stand-in-a-trump-presidency\/","url_meta":{"origin":22937,"position":0},"title":"Asia: Where does your country stand in a Trump presidency?","date":"January 20, 2017","format":false,"excerpt":"\r An extraordinary era ahead with an extraordinary president US President Donald Trump. a katz\/Shutterstock Donald John Trump will officially take the mantle as the 45th president of the United States of America at midday, 20 January. He will be the first real estate businessman to take the presidency. This\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33478,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-ways-a-trump-presidency-could-impact-asia\/","url_meta":{"origin":22937,"position":1},"title":"5 ways a Trump presidency could impact Asia","date":"November 8, 2016","format":false,"excerpt":"\r With the US election day upon us, we reflect on what could happen to Asian markets Trump: ever the contraversial figure. Image: doddis77\/Shutterstock We are experiencing a sinking, fearful sensation. All around the world, people are having to come to terms with the fact that come tomorrow, Donald Trump\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21863,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/there-will-be-a-donald-trump-resort-in-the-worlds-largest-muslim-nation\/","url_meta":{"origin":22937,"position":2},"title":"There will be a Donald Trump resort in the world\u2019s largest Muslim nation","date":"August 3, 2016","format":false,"excerpt":"\r The Republican nominee for the US presidency, notorious for Islamophobic remarks, will be attaching his name to two property projects in\u00a0Indonesia Donald Trump. Image credit: Gage Skidmore (Flickr) A mammoth pair of real estate developments in Indonesia will soon bear the Donald Trump brand. Construction will start in 2017\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25905,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sell-hong-kong-real-estate-stocks-if-trump-wins-fund-manager-advises\/","url_meta":{"origin":22937,"position":3},"title":"Sell Hong Kong real estate stocks if Trump wins, fund manager advises","date":"September 13, 2016","format":false,"excerpt":"\r A win for the property mogul could hurt world trade A Trump win could have wide-reaching implications. Joseph Sohm\/Shutterstock Investors should sell Hong Kong property stocks if Donald Trump is named the next US president, advises a Dutch pension fund manager who looks after nearly USD13.5 billion of real\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":91209,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-most-searched-condos-for-sale-in-may\/","url_meta":{"origin":22937,"position":4},"title":"5 most searched condos for sale in May","date":"June 12, 2018","format":false,"excerpt":"\r The prestigious Marina One integrated development features luxury residences, Grade A offices and 140,000 sq ft of retail space. (Photo: M+S Pte Ltd) A 65,000 sq ft biodiversity garden, Singapore\u2019s longest man-made river and kitchenware designed by Porsche. These are just some of the notable features of the most\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/06\/Facade-of-dLeedon.jpg?fit=739%2C636&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":27899,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pressed-for-land-singaporean-developers-explore-growing-indian-cities\/","url_meta":{"origin":22937,"position":5},"title":"Pressed for land, Singaporean developers explore growing Indian cities","date":"September 30, 2016","format":false,"excerpt":"\r From Millennium City to mountain towns, India\u2019s cities are piquing interest \u2018Cyberhub\u2019 in Gurgaon. Amlan Mathur\/Shutterstock With India urbanising fast, Singaporean developers are taking their projects away from the land-scarce city-state and into the subcontinent\u2019s ever-multiplying cities. Ascendas-Singbridge, a developer affiliated with the Singaporean government, recently revealed a renewed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/22937"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=22937"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/22937\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=22937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=22937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=22937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}