India’s economy may be “dead” if you go by US President Donald Trump’s words, but his own real estate business in the country is more alive than ever. In fact, Trump’s earnings from India have tripled, touching at least ₹175 crore from luxury property projects across multiple cities according to a report by Indian Express. And with 10 projects either completed or in the pipeline, India is now on track to become the biggest market for Trump-branded real estate outside the United States.
Licensing Model, No Capital Risk
The Trump Organisation runs its India business on a brand licensing model — it doesn’t invest a rupee in construction. Instead, it licenses the Trump name to Indian developers, who fund, build, and sell the properties, while the brand takes a fee.
This has allowed Trump to expand in India without risking any of his own capital, while pocketing significant profits.
Kalpesh Mehta-led Tribeca Developers is Trump’s main India partner, working with top builders like Lodha Group, Panchshil Realty, M3M Group, and Unimark.
From 3 Million to 11 Million Sq Ft
Since the first Trump project was announced in 2012, the brand’s footprint here has grown rapidly. Completed projects currently cover about 3.5 million sq ft in Mumbai, Pune, Gurugram, and Kolkata.
With six more under construction in Noida, Hyderabad, Bengaluru, Mumbai, Pune, and Gurugram, the total space will swell to 11 million sq ft.
Tribeca estimates these upcoming developments could generate ₹15,000 crore (around $1.8 billion) in sales.
Post-Election Expansion
After Trump’s 2024 US election victory, six new projects were announced:
- Trump World Center, Pune – First Trump-branded commercial real estate project in India, spread over 1.6 million sq ft in Koregaon Park, featuring two 27-storey glass towers, a luxury shopping street, and India’s first Trump Club for business networking. Estimated revenue: ₹2,500 crore.
- India’s First Trump-Branded Golf Course & Villas – Location yet to be revealed; a first-of-its-kind offering in the country.
- New Trump World Towers – Planned for Mumbai, Pune, and Gurugram, different from the existing Trump Towers there.
All will follow a full-stack development and management model, with one team overseeing everything from design to sales.
India Tops Global Market Outside US
Once all projects are completed, India will have 10 Trump-branded developments — more than any other country outside the United States.
So while Trump’s rhetoric on India may be gloomy, his own brand here is cashing in on the so-called “dead” economy at record pace.
Also Read: Trump’s India Partner Tribeca Launches ₹70 Lakh Studio Apartments in Andheri
