US Realtor Trump Ties Up with Panchshil for Pune Residential Project

US-based real estate group Trump Organization has entered into a tie-up with Panchshil Realty to build Trump-branded residential projects in Pune, the companies said in a joint release on Tuesday. This is the American real estate tycoon Donald Trump's third attempt to enter India in over five years. Its first venture in Bangalore was called off while the next one in Mumbai is awaiting civic clearance. However, the construction for the Pune project has started six months ago and it has got all the necessary approvals. Trump Towers Pune will have 44 apartments in two, 22-storey towers, to be built over 2.5 acres in Pune's Kalyani Nagar, around 3 km away from airport. 

Trump Towers Pune is expected to be completed by 2015. "As a brand, we are looking at various cities which give us similar opportunities such as Bangalore, Hyderabad as well as metro cities such as Delhi and Mumbai. Overall, India continues to be an incredible market with a great appreciation for luxury," said Donald Trump Jr executive VP.