Billionaire Donald Trump is preparing to launch a real estate project aimed at the uber-rich in Mumbai. The 60-storey Trump Tower, slated to come up at Hughes Road, will have 40-45 apartments — roughly one per floor.
Penthouses, podium decks, leisure floors and a 24-hour concierge will be among the facilities on offer. The apartment would have 5,800 sq ft super built-up apartments, with usable area of 1,800 sq ft. The formal launch was to be on January 22 and the mock property was to be ready by mid-March 2011.
Interestingly, however, the Trump family is unlikely to invest any money in the project.This is because foreign direct investment (FDI) regulations in the country do not allow any foreign investor to come in the market and develop anything less than a 25-acre parcel or a minimum construction of 5 lakh sq ft, whereas the Trump Tower is a 2.5 lakh sq ft property. Thus, sources say, it’s just the brand name that the Trumps are lending to the project with Rohan Lifescapes.