Reliance's Real Estate Unit Pays Trump $10 Million for Mumbai Project
Reliance 4IR Realty Development, a unit of Mukesh Ambani's company, has paid a $10 million development fee to the Trump Organization for a real estate project in Mumbai, as revealed in US government documents.
Real EstateTrump OrganizationMukesh AmbaniReliance IndustriesMumbai ProjectReal EstateJun 19, 2025
However, it’s not clear for which specific project in Mumbai, Reliance has paid the development fee to the Trump Organization, nor has the Reliance spokesperson confirmed or denied the development.
The document that has been released by the United States Office of Government Ethics on June 13, shows that Reliance 41R Realty Development Ltd, a subsidiary of Reliance Industries Ltd, made the license fee payment to the Trump Organization. This fee is usually paid by third parties to acquire the right to use the ‘Trump’ brand name for real estate development.
The document, namely the US President Donald Trump’s annual financial disclosure report, is part of the mandatory financial disclosure which is submitted by all US Presidents to the US government. This report provides a detailed account of financial transactions and interests that could influence the President's official duties.
The development has come a month after Reliance Industries Chairman Mukesh Ambani met US President Donald Trump at the Lusail Palace in Doha, Qatar, on Wednesday, May 14, at a state dinner hosted by the Emir of Qatar Sheikh Tamim bin Hamad Al-Thani for President Donald Trump. No formal business or investment discussions were scheduled at the event, which was primarily a diplomatic and ceremonial affair, it was reported.
Reliance Industries has never focused on real estate development, though it has taken on large projects, including the redevelopment of a more than 4,000-acre area in Mumbai. The company has also executed residential development for its own use for industrial parks or housing for employees at the plant location.
According to the US President Donald Trump’s annual financial disclosure report, investors planning Trump-branded projects in Vietnam, Dubai, and Saudi Arabia, and elsewhere paid the Trump Organization $44.6 million in foreign licensing and development fees in 2024. This significant sum highlights the global reach and influence of the Trump brand in the real estate sector.
Frequently Asked Questions
What is the amount paid by Reliance to the Trump Organization?
Reliance 4IR Realty Development paid a $10 million development fee to the Trump Organization.
For which specific project in Mumbai was the fee paid?
It is not clear for which specific project in Mumbai the fee was paid, and Reliance has not provided any confirmation.
When were the documents released by the US government?
The documents were released by the United States Office of Government Ethics on June 13.
What is the purpose of the development fee?
The development fee is usually paid by third parties to acquire the right to use the ‘Trump’ brand name for real estate development.
What other countries have invested in Trump-branded projects?
Investors from countries such as Vietnam, Dubai, and Saudi Arabia have paid the Trump Organization $44.6 million in foreign licensing and development fees in 2024.
Related News Articles
Maharera Cracks Down on Non-Compliant Real Estate Projects
Maharashtra Real Estate Regulatory Authority (MahaRERA) has initiated stringent actions against 628 real estate projects for failing to comply with regulations.
Budget 2024-25: A Boon for Real Estate Sector, says Industry Experts
The Union Budget 2024-25 has brought forth a comprehensive and ambitious vision for the real estate sector, particularly benefiting urban centers like Mumbai.
Microsoft India Invests ₹453 Crore in Pune's IT Hub Hinjewadi, Expands Footprint in India
Microsoft India has acquired a 16.4-acre land parcel in Pune's Hinjewadi for ₹453 crore, marking its second major land deal in the city in recent times.
India's Real Estate Sector on Track to Surpass $10 Billion Equity Investments by 2024
India's real estate sector is expected to achieve a significant milestone in 2024, surpassing the $10 billion mark in equity investments. Key urban centers like Delhi-NCR are driving this growth.
ARE Stock Hits 52-Week Low of $96.31 Amid Market Fluctuations
In a tough real estate market, Alexandria Real Estate Equities (NYSE:ARE) has seen its stock price hit a 52-week low, dropping to $96.31.
Maharashtra Government Proposes Mandatory Precast Construction for Mumbai Real Estate
The Maharashtra government is developing a policy to make precast construction mandatory for real estate firms in Mumbai, aiming to enhance the efficiency and sustainability of the construction sector.