Key Points
- All 298 units of the second Trump Residences Gurgaon sold out on launch day, securing Rs 3,250 crore in bookings.
- Ultra-luxury penthouses worth Rs 125 crore were fully allotted; apartments priced between Rs 8 crore and Rs 15 crore.
- Project features two 51-storey towers in Sector 69, Gurugram, developed by Smartworld and Tribeca in partnership with The Trump Organization.
- This marks Gurugram as the only city outside New York with two Trump-branded towers; India now leads globally in Trump-branded projects.
- The unprecedented demand highlights a booming market for branded, ultra-premium residences in India’s top metros.
- Smartworld oversees construction and customer service; Tribeca leads design, marketing, sales, and quality control.
New Delhi: India’s luxury real estate market witnessed a record-breaking moment as all 298 apartments of the second Trump Residences Gurgaon were snapped up within hours of launch, generating Rs 3,250 crore in sales-the largest single-day luxury housing deal in Indian history. The project, located in Sector 69, Gurugram, consists of two iconic 51-storey towers and includes ultra-luxury penthouses, each valued at up to Rs 125 crore.
Unmatched Demand for Branded Luxury Living
The overwhelming response underscores a powerful shift in India’s real estate landscape. Despite concerns about a cooling market, demand for branded, ultra-premium homes is surging, especially in metros like Delhi-NCR, Mumbai, and Pune. Buyers-ranging from high-net-worth individuals to NRIs and celebrities-are increasingly seeking global standards in design, amenities, and exclusivity.
Project Details and Market Impact
- Configuration: 298 residences, including ultra-premium penthouses, across two 51-storey towers.
- Pricing: Apartments priced between Rs 8 crore and Rs 15 crore; penthouses collectively worth Rs 125 crore.
- Developers: Smartworld Developers (construction, customer service), Tribeca Developers (design, marketing, sales, quality control), in collaboration with The Trump Organization.
- Location: Sector 69, Gurugram-an emerging hotspot for luxury real estate.
- Previous Success: The first Trump Tower in Gurugram, launched in 2018, is also fully sold out and set for delivery this month.
India: A Global Hub for Trump-Branded Residences
With this launch, India solidifies its position as the largest international market for Trump-branded properties, now boasting more Trump Towers than any country outside the US. Projects are operational or planned in Mumbai, Pune, Kolkata, Gurugram, and several other major cities, with more launches expected in the next few years.
Luxury Real Estate Boom: What’s Driving the Surge?
India’s luxury housing market is experiencing unprecedented growth, driven by rising numbers of ultra-high-net-worth individuals, increasing global exposure, and a desire for branded, service-backed residences. According to Knight Frank, India’s UHNI population is expected to grow by 50% by 2028, fueling further demand for exclusive properties. In 2024 alone, luxury homes accounted for 41% of total residential sales in India’s top cities.
What’s Next for India’s Luxury Market?
The instant sell-out of Trump Residences Gurgaon is expected to set a new benchmark for luxury launches across the country. Developers are already planning more Trump-branded projects in Pune, Mumbai, Noida, Hyderabad, and Bengaluru, with a combined sales potential exceeding Rs 15,000 crore.
The record-breaking success of Trump Residences Gurgaon is a clear indicator of India’s evolving luxury real estate market, where branded residences are becoming the new standard for high-net-worth buyers. As India cements its place as a global hub for ultra-luxury living, the appetite for world-class, branded homes shows no sign of slowing down.
