In a remarkable feat for India’s luxury real estate sector, the second Trump Towers project in Gurgaon has achieved a complete sell-out of all 298 luxury apartments on its launch day, amassing ₹3,250 crore in sales. This unprecedented demand underscores the enduring allure of the Trump brand among affluent Indian buyers.
Project Overview
The Trump Towers Gurgaon is a collaborative venture between Smartworld Developers and Tribeca Developers. Currently under construction, the project offers ultra-luxury residences designed to cater to high-net-worth individuals (HNIs) and non-resident Indians (NRIs) seeking premium living spaces.
Luxury Real Estate Market Trends
India’s luxury real estate market has witnessed significant growth, with the segment’s share in total realty sales increasing from 2% in 2022 to 4% in 2023. In the first half of 2024, luxury homes accounted for 41% of total sales, up from 30% the previous year. This surge is attributed to rising demand from HNIs and NRIs seeking branded and high-end residential properties.
Conclusion
The swift sell-out of Trump Towers Gurgaon highlights the robust demand for luxury residences in India and the strong brand equity of Trump-branded properties. As the luxury real estate market continues to expand, developments like these set new benchmarks for success in the sector.mint
