In a major booster to the Gurgaon real estate sector, the US-based Trump Organisation recently announced a tie-up with India's real estate private equity firm IREO to develop an office tower in Gurgaon, costing around Rs 1,000cr. This is the third project in India by Trump Organisation, founded by republican presidential front-runner Donald Trump, but the first commercial project in the country. It has two residential projects in Pune and Mumbai. IREO is all set to develop an office tower comprising 6-7 lakh of leasable area in its 500 acre township project in Gurgaon. The tie up with Trump Organisation is for branding and design of the iconic tower, which will be among the tallest commercial towers in the city. The tower will be designed by the award winning Norman Foster-led architectural design firm, Foster + Partners, IREO said in a statement, adding that the player has enjoyed tremendous success in India with its existing properties in Mumbai and Pune, and is thrilled to add yet another incredible development to its portfolio in the country's commercial realty space. Commenting on the development, Donald Trump Jr, Executive Vice President of Development and Acquisitions said that IREO is truly a fantastic group and the player is looking forward to push the boundaries together to create what will soon be one of the most exciting and sought after commercial towers in India and beyond.
