I am delighted about opportunities: Donald Trump

Q: Trump Tower Mumbai, the first and only Trump project in the city, is under construction at a portion of the 18 acre Lodha Park

shree shetty, Bangalore

15th September 2014

Real estate News in Mumbai

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Replies (2)

HI,
Can anybody tell me what are the options available in it and its price? Have they announced the project completion date?

Kishore Pathak, Mumbai

16th September 2014

Comment

Well Kishore,
Trump Tower is a 75 story, 800 foot high rise apartment. The Tower will include 3/4 BHK residences with indoor Jacuzzis and a price tag expected to be around $80 million (Rs.4800000000 approx) and $100 million (Rs. 6000000000 approx) respectively( If 1 dollar = Rs. 60).An added plus: membership of a private jet service.

Vinay Dixit, Mumbai

16th September 2014

Hi,
Do you know that in his recent interview with the Forbes India magazine, Donald Trump told that the Mumbai Real Estate is unbelievably cheap, it is a great city of India and yet it is not priced like other comparable cities. It is priced lower than cities that are less important. That gives investors a tremendous amount of growth potential.

Shrikant Kejriwal, Mumbai

16th September 2014

Comment

@Kejriwal,
Yes, if you compared the price of Mumbai with New York you will find that in Mumbai, the average cost of a flat is Rs. 1.2 crore Whereas the price of a median home in New York stood at Rs. 3.15 crore.

Vinay Dixit, Mumbai

16th September 2014

@Vinay Dixit,
According to local property research firm home sales across big Indian cities rose by 5 percent in the June quarter from a year ago, compared with an 11% rise in the same quarter two years ago,

Shrikant Kejriwal, Mumbai

16th September 2014

Yes, you are absolutely right,
High inflation and interest rates have keep back home buyers in the past couple of years in Asia's third-largest economy, slowing home sales and lowering profits for the country's developers.

Vinay Dixit, Mumbai

16th September 2014