PrashantNews
US President Donald Trump forged multiple tie-ups with top builders in India and earned over Rs 175 crore from seven projects in Mumbai, Pune, Kolkata and Gurugram, media reports said on Tuesday.
The shocking revelations came days after Trump called India a “dead” economy for which he is facing criticism by the Indian Government.
Trump’s family-controlled The Trump Organization, is now the largest market outside the US over the last 10 years, the reports claimed.
Over the last eight months, the organization has been on an aggressive expansion drive in India. Soon after his election as the 47th President of the United States of America on November 5, 2024, The Trump Organization, along with its Indian partner Tribeca Developers, announced at least six projects in Gurugram, Pune, Hyderabad, Mumbai, Noida and Bengaluru adding up to 8 million sq feet of realty development.
The Trump Organization’s earnings from these are yet to be disclosed, but experts said, its partnerships with the biggest builders, not only allows the Trump enterprise to tap into the most lucrative markets in the world’s fastest growing economy, but also brings it continuous revenue stream with no financial risk.
Of these, three projects totaling around 4.3 million sq ft — more than half of Brand Trump’s target — have already been launched in Pune, Gurugram and Hyderabad this year.
The new findings are likely to give the opposition parties especially leader of the opposition Rahul Gandhi to launch fresh attack on the Modi government. “Why the Modi government has not disclosed anything on the real estate business of President Trump,” a top Congress leader asked.