Business Giant Donald Trump plans to have “substantial investments” in the Indian property and hotel sectors in India. According to real-estate Tycoon Donald Trump, Mumbai’s realty prices are very low compared to western standards. He also trusts that Indian Prime Minister Marendra Modi’s new government will definitely boost growth and infrastructure in the country.
Trump said that “I do see India as a great place to invest, and I think the election made that even better.”
The tycoon had recently entered a licensing pact with Lodha to build a Trump Tower in Mumbai. The Trump Tower is a luxury residential tower that offers its residents indoor Jacuzzi tubs and concierge services with a quality the Trump Tower is well-known.
It will be the first Indian investment of Donald trump.
Trump Towers in South Korea, Turkey and Dubai, as well as development projects for local hotels and luxury resorts, is part of the portfolio of Trump’s Trump Organisation.
The Indian government had received Trump with a warm welcome with having a market listing of real estate investment trusts. The trusts should help developers access cheaper sources of funding, especially those taking interest in increasing the prices for India’s properties.
Despite the announcement of his agreement, Trump did not detail his other plans of investing in India.