Trump's Real Estate Empire Expands in India: A Four-Fold Growth in 10 Years
Despite Donald Trump's dismissive remarks about India, his family-controlled The Trump Organization has seen a significant expansion of its real estate footprint in the country, growing from 3 million to 11 million square feet across six cities.
Real EstateIndiaThe Trump OrganizationTrump TowerLuxury DevelopmentsReal Estate MumbaiAug 05, 2025
Over the last eight months, Brand Trump has been on an aggressive expansion drive in India. Soon after Trump's election as the 47th President of the United States on November 5, 2024, The Trump Organization, along with its Indian partner Tribeca Developers, announced at least six new projects in Gurugram, Pune, Hyderabad, Mumbai, Noida, and Bengaluru. These projects add up to 8 million square feet of real estate development.
The earnings from these projects are yet to be disclosed, but experts say that the partnerships with the biggest builders not only allow the Trump enterprise to tap into the most lucrative markets in the world's fastest-growing economy but also bring a continuous revenue stream with no financial risk for the Trump Organization.
Of these, three projects totaling around 4.3 million square feet—more than half of Brand Trump's target—have already been launched in Pune, Gurugram, and Hyderabad this year. From the first project announced in India in 2012, Brand Trump’s footprint is set to see a near four-fold expansion to 11 million square feet by the time these projects are complete, a sharp jump from the approximately 3 million square feet developed until last year.
These new ventures bring a sales potential of an estimated Rs 15,000 crore, according to Tribeca, which shared this information during the Pune launch of its first commercial development project in March this year. The Trump Organization does not invest directly in construction. Instead, it lends its brand for upfront license fees or development fees, which could be construction-linked or, in most cases, a 3-5 percent share in project sales. The properties are typically billed as luxury developments, with flats commanding a premium due to the President’s name being attached to them.
Those executing the projects in India include big corporates like Mukesh Ambani’s Reliance Industries Ltd (RIL) and established real estate companies such as the Lodha Group, M3M Group, Panchshil Realty, IRA Infra, and Unimark. Kalpesh Mehta-led Tribeca Developers is the official partner of The Trump Organization in India.
The Indian Express reached out to the Reliance Group, Tribeca Developers, M3M Group, Unimark Group, and Panchshil Group, as well as The Trump Organization for this report, but did not receive any comment. The Lodha Group said it is not planning any Trump-branded project at the moment.
The Trump Organization, headquartered in New York City, is a family-controlled conglomerate and functions as the main holding company for Donald J. Trump’s various business ventures through numerous subsidiaries spanning various industries, including real estate and hospitality. Founded and majority-held by Donald J. Trump, the organization has his sons Donald J. Trump Jr. and Eric Trump as executive vice-presidents.
Until 2017, Donald J. Trump functioned as the president and CEO of The Trump Organization. Upon being elected President of the USA in 2017, he 'stepped down from day-to-day management' and handed over the operational responsibilities to his sons while retaining the majority ownership through a trust. Since 2021, he has been described as the chairman of the organization.
Days after he was elected President for the second time, The Trump Organization floated four companies to license the Trump brand name in India on November 14, 2024. These are: DT Marks Noida 94 LLC, DT Marks Gurgaon 111 LLC, DT Marks Gurgaon 69 LLC, and DT Marks Pune Mundhwa LLC. A month prior to the US elections, DT Marks Hyderabad LLC was incorporated on October 16.
The Pune project, announced in March this year, is the first Trump-branded commercial project in the city. In a statement during the launch, Eric Trump, Executive Vice President of The Trump Organization, said, “India has embraced the Trump brand with remarkable enthusiasm.”
In 2024, The Trump Organization received at least $12 million from India, as per his annual financial disclosure report. A bulk of this, $10 million, was paid as ‘development fees’ by Reliance 4IR Realty, a subsidiary of RIL. Tribeca Developers, M3M subsidiaries, the Lodha Group, Unimark, and the RDB Group paid about $2.2 million as license and royalty fees for the properties in Gurugram, Mumbai, and Kolkata, public financial disclosures by Donald Trump show.
Around the time Trump commenced his first tenure as President in 2017, The Trump Organization entered two realty projects in Kolkata and Gurugram. Earlier, Trump lent his brand to a project each in Pune (2012) and Mumbai (2013). Between 2012 and 2019, The Trump Organization earned up to $11.3 million in fees and royalties from its four India projects—$6 million through DT Marks Worli LLC and $1 million each through DT Marks Pune LLC, DT Tower Gurgaon LLC, and DT Tower Kolkata LLC by 2017, according to various tax declarations. In the first two years of his presidency, it had earned $2.3 million, as reported by the New York Times on September 27, 2020.
Of the 13 Trump-branded projects in India, two have been completed, two are nearing completion, and three are in early stages of development. Three are awaiting launch, two are stalled, and one by Reliance 4IR is yet to be announced. Earlier, Donald Trump Jr., the other Executive Vice President of The Trump Organization, identified India as 'the biggest push for our organization' on the website of Tribeca Developers, its licensed partner in India.
Tribeca, founded by Mehta, an alumnus of the University of Pennsylvania’s Wharton School, was introduced to Trump Jr. (also from Wharton) by a professor who made the deal happen, as Mehta mentioned in an interview to the Hindustan Times last November.
Frequently Asked Questions
What is The Trump Organization's role in India's real estate market?
The Trump Organization partners with top Indian builders and lends its brand for upfront license fees or development fees, typically a 3-5 percent share in project sales. It does not directly invest in construction.
How much has The Trump Organization earned from its projects in India?
As of 2024, The Trump Organization has earned at least $12 million from India, including $10 million in development fees from Reliance 4IR Realty and $2.2 million in license and royalty fees from other partners.
What are the major cities where Trump-branded projects are located in India?
Trump-branded projects are located in Mumbai, Pune, Kolkata, Gurugram, Noida, and Bengaluru.
Who is Tribeca Developers, and what is their role in The Trump Organization's projects in India?
Tribeca Developers, founded by Kalpesh Mehta, is the official partner of The Trump Organization in India. They execute and manage the Trump-branded projects in the country.
How has the Trump Organization's footprint in India grown over the past decade?
From 3 million square feet in 2012, The Trump Organization's footprint in India has grown to 11 million square feet, a four-fold expansion, by the time the new projects are completed.
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