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Trump Tower at Eastern Metropolitan Bypass, Kolkata

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Trump Tower at Eastern Metropolitan Bypass, Kolkata

Last updated: 6 days ago
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  • Trump Tower at Eastern Metropolitan Bypass, Kolkata

    Great news for Kolkata Buyers! They can now have the privilege of buying their Dream Home in Trump Tower. Unbelievable? It is true! The prestigious banner which is building it's fifth such tower in India, will be pricing this one at half the price. Isn't it wonderful? So now people will only have to shell out Rs. 4 crore! That is affordable luxury, isn't it? Wow!

    The tower will be launched sometime in November. So, anyone buying their dream home and wanting to live the American Dream?
  • #2

    #2

    Re : Trump Tower at Eastern Metropolitan Bypass, Kolkata

    Trump Tower sheds premium price for Kolkata debut

    Oct 12, 2017, 04:40 IST FILE: Donald Trump: AFP

    KOLKATA: Donald Trump's super luxury real estate brand that costs a fortune across the world will sell in Kolkata for nearly half of what it costs elsewhere. Well, nearly. According to Tribeca, the Trump Organisation's Indian representative and co-developer of the Trump Towerin Kolkata, the EM Bypass project is the most affordable ever to bear the US President's signature.

    At Rs 4 crore, the starting price of apartment in the project will be nearly half of what it would cost to purchase into any other Trump Tower where condos are priced between $1 million and $20 million.

    Also unlike other Trump Towers that enjoy a premium in the neighbourhood, the ticket price of luxury projects like Atmosphere in the adjoining plot or Vivara next to Marriott is higher than that the upcoming Trump Tower behind Science City.

    The US President's son Donald Trump Jr, who now manages the business empire, is expected in Kolkata this November to launch the project. "There are very few Trump Towers across the world and the iconic building in Kolkata will be among them. Like other Trump Towers, it is an address that one can flaunt and gain immediate attention and recognition. Yet unlike the high premium that access to a Trump Tower usually commands, this trophy asset comes at a very attractive price," said Kalpesh Mehta, managing partner of Tribeca.

    The project promoters, however, refute the pricing is a reflection of President Donald Trump's image that has taken a beating ever since he was sworn in as US President. With his often shocking tweets and gaffes, Trump is considered one of the most unpopular US Presidents in recent memory with net approval rating below 0 in the first 100 days in office.

    Mehta claims brand Trump still stands strong with people willing to pay millions to buy into an address bearing his signature. "The price of apartments in Trump Tower Mumbai has appreciated by 25% since the 2014 launch while rest of the market has seen a price correction. In Pune, the project launched in 2012 is 30% higher than others. It should be similar in the Gurgaon projects. Trump is a successful name in real estate that no one questions even today," said Mehta.

    He though also pointed out that brand was only part of the offering and that Trump Corporation is also known for delivering quality products and services. "The glass tower will be truly iconic. We spent a year getting the product right, both exterior and interior," he explained.

    Unimark Group director Harsh Patodia, the principal partner in the project that has the RDB Group as its third partner, said the aggressive launch pricing was partly aimed at rejuvenating interest in a rather sluggish luxury market.

    "We did not wish to over-price the product. Instead, we wanted to introduce Kolkata to wellticketed luxury. By the time the projects gets completed in 2020, we want to ensure that a bulk of the condos are sold," Patodia said.

    Apart from Kolkata-based successful entrepreneurs and top professionals, the project whose marketing will begin after Diwali has attracted the interest of those in the mining business in Patna, Ranchi, Jamshedpur, Bhubaneswar and elsewhere in the east. The marketing team also expect sales among NRIs, particularly Democrat supporters.









    https://timesofindia.indiatimes.com/...w/61045028.cms


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