The Trump Organization and its local real estate partners have announced a new commercial tower project in India, as the US president's family business seeks to capitalise on demand in the world's most populous country.
India already hosts four Trump-branded residential complexes, making it the largest market outside the United States for his family business, with further projects in the pipeline, reports the AFP.
Indian partner Tribeca Developers announced on Wednesday that it would develop a new "Trump World Center" in the western city of Pune in collaboration with real estate firm Kundan Spaces.
The project, anticipated to generate sales exceeding $289.6 million, will cover more than 1.6 million square feet and comprise "two iconic glass towers with over 27 floors of office space," according to a statement.
"This new development marks The Trump Organization's first venture into commercial real estate in India and will join the extensive portfolio of Trump residential properties in the region," the statement read.
Eric Trump, executive vice president of The Trump Organization and the US president's second son, stated that India had "embraced the Trump brand" with "remarkable enthusiasm."
"Following our successful collaboration on several iconic residential projects, we are proud to launch our first commercial development in India," he said.
Although the US president is not directly involved in managing the family enterprise, The Trump Organization's international business dealings have drawn criticism over potential conflicts of interest.
The president’s eldest son, Donald Trump Jr, visited India in 2018, when the organisation's local partners offered prospective buyers of a luxury development outside New Delhi an exclusive dinner with him.
India's office market experienced robust growth in 2024, with leasing activity across the top seven cities rising by nearly 23% year-on-year, according to estimates from real estate management firm JLL.