Wedoany.com Report-Apr. 20, Indian real-estate firms Smartworld Developers and Tribeca Developers have announced a new ultra-luxury residential project in Gurugram, Haryana, named ‘Trump Residences.’ The development, will feature 298 units across a saleable area of 1.2 million square feet, marking the second such project in Gurugram and the sixth in India.

The development is poised to comprise 298 units.

The project, valued at approximately Rs22 billion ($256.8 million), will consist of two 51-storey towers offering apartments priced between Rs80 million and Rs120 million. Smartworld Developers co-founder Pankaj Bansal stated: “The total project cost will be around Rs22bn [$256.8m] for this new Trump-branded project.” Construction is expected to be completed within five years.

Tribeca Developers, the official representative of the Trump brand in India, will manage design, marketing, sales, and project consultancy, while Smartworld Developers will handle construction. Tribeca founder Kalpesh Mehta remarked: “Trump returns to Gurugram with a second project. This reflects the strength of the Gurugram market and also the partnership.”

The M3M Group, another real-estate company, is nearing completion of the first Trump-branded project in Gurugram, with possessions set to begin later this month. Trump Organization executive vice-president Eric Trump expressed enthusiasm, saying: “We are incredibly excited to launch our second project in Gurgaon (Gurugram), and even prouder to be doing it once again with our amazing partners at Tribeca, M3M and Smartworld. The fact that we’re expanding in this remarkable city speaks volumes not just about the strength of the Trump brand in India but also about the exceptional partnership we’ve built and the tremendous confidence the Trump Organization has in Gurgaon’s future.”

Of the six Trump-branded projects announced in India, four have been completed in Pune, Mumbai, Kolkata, and Gurugram, according to Mehta. The new Gurugram development is expected to further strengthen the city’s position as a hub for premium real estate.

In a separate development, Capacit’e Infraprojects recently secured a significant contract for civil construction work in Mumbai, Maharashtra, highlighting ongoing growth in India’s real-estate sector.