As his real estate partner Donald Trump won US presidential election, the Lodha Group which is building the posh Trump Tower in the heart of central Mumbai, is confident of working together with the president-elect.
Congratulating Trump on his surprise victory in the just concluded US national hustings, Abhishek Lodha, managing director of Lodha Group, said “the Trump Organization is our valued partner and we look forward to continue working together to create the Trump Tower Mumbai as planned.”
He also congratulated him. “Heartiest congratulations to Trump from Lodha Group! Trump has been successful in everything that he was worked on and we wish him all success as he takes over the most important role in the world.”
Announced early August 2014, the 75-story, 800-feet Trump Tower, sprawling on a 17.5-acre plot, is coming up at The Park in Worli, which features a gleaming golden edifice and curtain-wall golden façade.
“It has been my desire for many years to be involved in a great project in Mumbai, and it is my honour to bring the Trump lifestyles to the citizens of this truly global metropolis with the launch of Trump Tower Mumbai. We are thrilled to be working with the Lodha Group, a truly fantastic team of professionals,” Trump, chairman and president of The Trump Organization had said on August 12, 2014.
That time the now-president-elect had told that the realty prices in Mumbai are abysmally low yet he was very bullish on the country and was keen to pump in more money into the luxury residential and hospitality spaces.
“The Mumbai luxury realty market is the cheapest in the world”. For ages Mumbai has been the hottest reality market in the country as well as one the costliest across the world.
“I will invest a substantial amount in the Trump Tower Mumbai, in my individual capacity,” Trump had told without quantifying the amount to be invested.
He already has a partnership in Pune and had said his “next destination could be Delhi for a high-end luxury residential property.”