M3M records 150 crore in sales on first day of Trump Towers launch
Jan 11,2018 , 01:45 PM IST
Gurugram : M3M India and Tribeca Developers have announced the launch sales of "Trump Towers Delhi NCR", a residential development, at the prime Golf Course Extension Road of Gurugram (India's National Capital Region).
On the first day of the launch, M3M Group recorded sales of Rs. 150 crores with the sale of 20 super luxury homes.
This project marked the first entry of the iconic Trump Tower brand into the Delhi-NCR and the fourth Trump Tower in India, a country with the most number of Trump branded properties outside of North America.
According to Pankaj Bansal, Director, M3M Group, "We have recorded sales of Rs. 150 crores on the first day of launching the iconic Trump Towers in Gurgaon. The initial 100 buyers will fly to the US where they will be hosted by Donald Trump Jr. The project is a part of our flagship project M3M Golf Estate in Golf course road extension. This project has fulfilled my dream of building a global landmark in my city and we are extremely proud to be associated with the Trump Organisation. The global appeal of the Trump brand along with the absolute best product offering will give the luxury residential market a much needed boost."
Trump Towers Delhi NCR is a joint venture between Gurugram-based M3M India Pvt. Ltd and Mumbai-based Tribeca Developers, and is the largest Trump branded project in India at this time.
M3M Group has invested a total of Rs.1200 crores in the project (exclusive of land cost) and is expecting a revenue of Rs. 2500 crores from the same.
The project offers 250 ulta luxury residencies ranging from Rs 5 crores to Rs. 10 crores. The size of the flats is from 3500 square feet to 7500 square feet.
The target market for this project is high net worth individuals (HNIs) and NRIs.
Donald Trump Jr., Executive Vice President of the Trump Organisation said: "Trump Towers Delhi NCR will quickly become the most prestigious address in the city. With its stunning architecture, beautiful interior options and lavish amenity spaces, our goal was to bring the best of the Trump brand and luxury living to Gurugram. I'm incredibly proud to see the overwhelming response that Trump Tower Kolkata has received during the soft launch and look forward to repeating this success with Trump Towers Delhi NCR.
"We have had a fantastic relationship with Kalpesh Mehta from Tribeca over the last seven years, resulting in India becoming our largest residential market outside of North America. Basant and Pankaj Bansal of M3M are an excellent team with strong family values and a rich legacy, much like my family and I am honored to be working with them on this development."
The construction the Trump towers will start in March and the project will be completed in five years. Each tower will have around 50 floors rising over 600 feet that will be amongst the tallest towers in the region. The interiors of the project have been designed by Matteo Nunziati - Milan based designer who has worked on various Trump projects. The landscaping has been done by US based organisation - Scape.
The striking all glass façade is a signature Trump style with sleek lines and an imposing form. Design is at the core of the residences with every room featuring expansive floor-to-ceiling windows, flooding each residence with natural light and providing spectacular views of the city, adjoining 9-hole golf course and the Aravalis Range. Each residence has a private elevator which opens into the awe-inspiring private entry, offering owners the ultimate privacy. A third of the residences boast over22 feet high double-height living rooms, giving them a duplex penthouse feel, despite being simplexes.
Residents will enjoy an exclusive collection of super luxury amenities at the Trump Club including Gurugram's first temperature controlled indoor pool, spa and fitness center with sauna, steam and massage rooms, library, lounge, games room, children's play area, a fine-dining restaurant and business center, just to name a few. The building's handpicked staff will provide in-residence catering, a concierge, 24-hour doorman, and valet parking services.
M3M India has a land bank of 2,200 acres in and around Gurgaon. It has already completed 8 projects and is currently developing 12 projects.
To give the prospective residents a glimpse of the white glove service that the world of Trump provides, the developers have chosen to create a sales gallery at The Oberoi, Gurgaon - a first for the city and the country.
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