American property mogul Donald Trump's maiden real estate project in the country is being developed by Pune-based Panchshil Realty.
Panchshil Realty is developing 'Trump Towers Pune' a residential project in the country's eighth largest metro.
"We are thrilled to announce Trump Towers Pune. It will be one of the hottest locations in the country. Panchshil Realty plans to deliver a product unlike anything else in the region," Donald Trump was quoted as saying in a statement issued by the real estate firm here.
Trump Towers Pune
(L - R) Eric Trump, Ivanka Trump, Atul Chordia, Donald Trump, Sagar Chordia, Donald Trump Jr
The project sees the entry of the 'Trump' brand of luxury into the domestic real-estate market. With approvals ready and construction already underway, the project is expected to be completed by 2015, the release said.
"Luxury lifestyle is fast catching up and with the growing number of high-net individuals, we have realised that our brand adds significant value to ultra luxury realty developments," Donald Trump Jr said.
The project is slated to be one of the tallest residential buildings in the city and is spread on a 2.5-acre site with 44 luxurious condominiums across two towers of 22 storeys each.
"We are proud to bring the Trump Brand to the country and are excited to introduce one of the most luxurious living experiences in Pune," Panchshil Realty director Sagar Chordia said.
The realty firm said that The Trump organisation or any of their affiliates would not own, develop or sell the project.
Source: The Economic Times
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