K
alpesh Mehta, founder of Tribeca Developers and licensed partner of the Trump Organization in India, expects to announce six new Trump Tower projects soon. Reacting to Donald Trump's presidential win, Mehta called it a "historic" moment and reminisced about advice he received from Trump: "Do it like I did. Don't do too many projects but make sure they are trophies."

    Mehta has known Donald Trump Jr. for over 15 years, dating back to their time at Wharton. He credits his real estate management professor with brokering the partnership between Tribeca and the Trump brand. The first deal was signed on a cocktail napkin in New York almost 13-14 years ago.

    Tribeca has finalized six new deals totaling 8 million sq ft, expected to have a sale potential of over ₹15,000 crore. These projects will be located in Pune, Gurugram, Noida, Mumbai, Hyderabad, and Bengaluru. Two deals will be with repeat partners, while at least four will be announced by early December.

    The new properties will include a large office development in Pune, the first Trump office project in India, which is expected to be launched in Q1-Q2 next year. Four projects are expected to be announced in December and launched in late Q1 or early Q2 calendar year 2025. One of the six projects will be a golf and villas project.

    Tribeca has brought four Trump properties to India so far, including the Trump Tower in Mumbai and Pune, executed with local partners M3M group and Unimark group respectively. The buyers of these luxury housing units include HNIs, Bollywood stars, and NRIs, who make up 20% of the market.