Trump inks pact with Lodha for central Mumbai project

MUMBAI: The Trump Organization led by US billionaire and property moghul Donald Trump has tied up with Mumbai-based Lodha Developer for developing Trump Tower in Mumbai. The proposed tower with two wings will be a part of Lodha proposed 17.5-acre development The Park in central Mumbai.

The 800-feet high Trump Tower Mumbai will offer 3, 4 and 5 bedroom apartments and the prices are expected to be over Rs 8 crore for the 3-bedroom and Rs 10 crore for the 4-bedroom residences, Lodha said in a release today.

Currently, Trump is executing its first India project with Pune-based Panchshil Realty. This 22-storey twin tower project at Kalyani Nagar in Pune is expected to be completed by 2015.

In 2011, the global luxury real estate brand had tied up with another Mumbai-based developer Rohan Lifescapes for its maiden India project. However, this project in south Mumbai could not take off due to pending approvals and currently Trump is in the process of terminating this pact. Ends