International

Trump jr. ‘invites’ Indian home-buyers

A billboard for Trump Tower in Mumbai.   | Photo Credit: AFP

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.

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Printable version | Feb 26, 2021 1:39:04 PM | https://www.thehindu.com/news/international/trump-jr-invites-indian-home-buyers/article22800639.ece

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