Trump’s luxury project at Gurgaon sold out on Day 1 of launch, with Rs 3,250 crore in allotments

The Trump Towers project in Gurugram, developed by Smartworld Developers and Tribeca Developers, has achieved remarkable success, with the entire project being completely sold out. On its launch day, the project recorded an unprecedented Rs 3,250 crore in allotments. Notably, the ultra-premium penthouses, priced at a staggering Rs 125 crore each, were fully allotted. Priced between Rs 8 crore and Rs 15 crore per unit of residential property, the development’s 298 homes were absorbed in record time, an indicator of surging demand for branded, ultra-luxury living in India, news agency ANI reported.

It is a collaboration between Smartworld, Tribeca, and The Trump Organization. The project comprises two 51-storey towers.

Smartworld will oversee development, construction, and customer service, while Tribeca — the official representatives of the Trump brand in India — leads design, marketing, sales, and quality control.

This project marks the second Trump-branded residential development in North India.

The 51-stories tall twin towers will feature 298 ultra-luxury residences, each with private elevators, double-height living spaces, and floor-to-ceiling windows. The crowning glory is the rooftop, offering breathtaking panoramic views of the Aravallis.

The developers said in the statement today that the first Trump Towers Delhi NCR, launched in 2018 in Gurugram, is also fully sold out and set for delivery later this month.

Pankaj Bansal, Founder of Smartworld Developers, said: “The phenomenal response to Trump Residences is a testament to the aspiration for world-class living in India. Smartworld is proud to lead the delivery of this landmark project, and we thank our buyers for their trust in our vision.”

Kalpesh Mehta, Founder of Tribeca Developers, said: “Trump Residences Gurugram is not just a real estate project – it’s a landmark moment for India’s luxury market. Selling Rs 3,250 crore on Day 1 places this among the biggest luxury deals the country has ever seen.”

There are currently five luxury Trump residential towers in India – one each in Mumbai, Pune, and Kolkata, and two in Gurugram.

Kalpesh Mehta’s company, Tribeca, has been a partner with the Trump organisation in India for over 13 years. Mehta is said to be very close to the Trump family, having attended the prestigious Wharton School along with Donald Trump Jr.

Donald Trump Jr. or Eric Trump, the son of US President Donald Trump, is expected to visit India soon to see the development of Trump Tower in Gurugram, Kalpesh Mehta recently said on the sidelines of the launch of the second Trump Tower in Gurugram.

Joining our prestigious portfolio of luxury real estate is Trump Residences Gurgaon! This marks our second Trump-branded residential project in Gurgaon, India, in collaboration with the world-renowned developers Tribeca and Smartworld.

Rising 51-stories, the twin towers will… pic.twitter.com/Je0nOCNVb2

— The Trump Organization (@Trump) May 13, 2025

Donald Trump Jr previously visited India in 2018 and 2022.

Confirming the upcoming visit, Pankaj Bansal, promoter of Smart World Developers, had said, “We are working on the schedule, and hopefully within two months, Donald Trump Jr. or Eric Trump will be coming to India to see the Trump Tower in Gurugram.” 

Inputs from ANI