Trump jr. ‘invites’ Indian home-buyers

February 19, 2018 10:41 pm | Updated February 20, 2018 06:29 pm IST - New Delhi

A billboard for Trump Tower in Mumbai.

A billboard for Trump Tower in Mumbai.

Dozens of property investors and their families will be treated to dinner with Donald Trump junior in Delhi this week after snapping up flats in a Trump Towers luxury development in Gurugram.

Mr. Trump’s local partners have promised dinner with the U.S. President’s son to anyone who buys into the development of high-rise apartments. At ₹2.5 million (around $39,000) just for the down payment on the smallest and cheapest flat, that is well beyond most Indians.

Nonetheless, the development has already clocked up sales worth nearly $80 million, according to a statement released on Monday.

75 already invited

Around 75 people have already stumped up and Indian developer Tribeca expects that number to increase to 100 before the promotion deadline expires on Thursday, said a staff member. The 47-storey towers will comprise 250 homes and are expected to be completed by 2023, with prices ranging from ₹55-110 million.

Advertisements in Indian newspapers on Monday promised prospective buyers their neighbours would include a “renowned industrialist”, “art maestro” and “famous Indian cricketer” — although it was not clear whether this was based on the identity of the existing buyers. “Trump is here. Are you invited?” read a full-page advert.

India is already the Trump Organization’s biggest international market, with developments in four major cities — Mumbai, Pune, Gurugram and Kolkata.

Although the U.S. embassy said Trump junior will be in Delhi on an unofficial visit, he is due to speak on Indo-Pacific relations at a business conference on Friday at which Prime Minister Narendra Modi will be the keynote speaker.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.