US-based business tycoon Donald Trump has tied up with Indian realty player Lodha Group for a high-end real estate project
The luxury residential project, called 'Trump Tower', will come up inside Lodha's just launched 17.5 acre project 'The Park', the Indian firm said in a statement on Tuesday.
"Trump Tower Mumbai will be one of the country's most luxurious residences
. This tower will offer the Indian consumer the very best in exclusive living, in the heart of south Mumbai. The Lodha Group is well-known for their iconic developments and I am looking forward to working with them to present this masterpiece that will undoubtedly redefine the city's skyline," Trump, Chairman of Trump Organisation, his global luxury realty firm, said in the statement.
The 800 feet high tower will have three-, four- and five-bedroom apartments.
Since its launch last month, The Park has witnessed unprecedented interest
from the market, with over 450 bookings worth over Rs 2,500 crore received on the first day of the applications being accepted, the release said.
"Through its iconic projects, Trump has changed the skyline of many global cities, including New York, and we are confident that the Trump Tower, will have the same impact on Mumbai. The project will usher in a new standard of branded luxury living in India," Lodha Group MD Abhishek Lodha said.
Bookings for this building are expected to begin in the coming months and prices are expected to be over Rs 8 crore for 3-BHK and Rs 10 crore for 4-BHK apartments, the release said.
Last year, Trump made an entry in the Indian market by tying up with Panchshil Realty for developing 22-storied residential twin towers in Pune.