This story is from October 06, 2017
M3M India
has signed brand licence agreement with US-based TheTrump Organization
to develop 'Trump towers
' in Gurgaon comprising 180 luxury homes with an average selling price of about Rs 10 crore. Gurgaon-based developer will launch the Trump-branded twin-tower by November-end, the company's directorPankaj Bansal
said today. DonaldJohn Trump Jr
is likely to visit India at that time. In India,Trump
Organization -- founded by US President Donald Trump -- has developed a luxury project in Pune partnering Panchshil Realty. It tied up withLodha
group in 2014 for housing project in Mumbai. "We have signed a brand license agreement withTrump Organization for Trump
branded twin towers in Gurgaon,"Bansal
told reporters here today. The agreement was signed before Donald Trump became president ofAmerica
, he added. "The twin towers will come up atGold Course Extension
road and will be tallest in central Gurgaon," Bansal said. The company will engage renowned architects and construction companies to develop this project. "The two towers will have 180 ultra-luxury homes. The average price of an apartment will be about Rs 10 crore. The project will also have golf-course," Bansal said. He said the company is likely to launch this project by November-end and will complete it in the next 5 years. Bansal did not disclose the land size earmarked for this project and total investment for development of twin towers. M3M India has 2,200 acres of land bank in and around Gurgaon. It had bought 185 acre land in Gurgaon for Rs 1,211 crore fromSahara
group. Lodha group is developing 75-storey, 800-feet Trump Towers, sprawling on a 17.5-acre plot, atWorli
in Mumbai. Last year, TrumpOrganization
tied up real estate private equity firmIREO
to develop an office tower in Gurgaon. Trump Organization had earlier appointed Mumbai-basedTribeca Developers
as exclusive India representative to identify projects in the country that can be developed under its brand. MJH SA
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