Despite what some might call harsh rhetoric, Donald Trump's real estate organization has a significant and growing presence in India. This situation presents a paradox: while Trump has, at times, been critical of India's economy, his business interests in the country are expanding substantially.
The Trump Organization operates in India primarily through brand licensing agreements with local developers. Indian companies build properties, and the Trump Organization lends its brand name in exchange for licensing fees and royalties. This model allows the Trump Organization to tap into the Indian real estate market without significant direct investment or financial risk.
India has become the Trump Organization's largest market outside the United States. The organization has various projects in different stages of completion across six cities. These projects include residential towers, commercial spaces, and potentially a golf course and luxury villas. The developments are expected to generate substantial revenue.
Since being elected as the 47th President of the United States of America in November 2024, The Trump Organization, along with its Indian partner Tribeca Developers, announced at least six projects in Gurugram, Pune, Hyderabad, Mumbai, Noida and Bengaluru, adding up to 8 million sq feet of realty development.
These ventures bring a sales potential of an estimated at least Rs 15,000 crore. Brand Trump's footprint is set to see a near four-fold expansion to 11 million square feet, a sharp jump from approximately 3 million sq ft developed until last year.
The Trump Organization's expansion in India highlights the dual role that Trump plays as a political figure and a businessman. While his political statements might suggest a negative view of the Indian economy, his business decisions indicate confidence in the country's real estate market. This duality is not new, as the Trump Organization continued to pursue and expand its business interests in various countries, even while Trump was in office.
This approach allows the Trump Organization to benefit from the rapid growth of the Indian real estate market, tapping into a lucrative revenue stream without bearing the financial risks associated with direct investment. In 2024, The Trump Organization received at least $12 million from India. 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 licence and royalty fees for the properties in Gurugram, Mumbai and Kolkata, public financial disclosures by Donald Trump show.