Trump Towers Pune

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Trump Towers Pune is a complex of two 23-story residential buildings in Pune, India.[1] The development is in the city's Kalyani Nagar region.[2] One apartment is located on each floor.[2]

Overview[edit]

The Trump Towers Pune property is not owned by or developed by The Trump Organization, and The Trump Organization has not invested any money in the project. The project has received the rights to use the name 'Trump' under a real estate licensing deal with Trump. The exact terms of the deal are not public.[3]

The 'Trump Towers Pune' project "is the subject of two investigations by the Pune state government and local police, after discrepancies were found in documents related to the land on which the luxury apartment block is being built."[3]

In November 2016, the then President-elect of the United States Trump met with three Indian property developers, Sagar and Atul Chordia (his business partners on the Trump Towers Pune project) and Kalpesh Mehta (another Indian businessman), at Trump Tower in New York, raising concerns about potential conflicts of interest arising from his dual roles as a businessman and president.[4][5]

On 30 November 2016, Politico reported that an individual working for the building’s developer told BuzzFeed that the building is taking precautionary measures since the United States presidential election, 2016.[6]

Notable residents[edit]

In 2015, The Economic Times reported that Bollywood actors Rishi Kapoor and Ranbir Kapoor have both purchased luxury apartments in the development.[2]

See also[edit]

References[edit]

  1. ^ Ayesha Venkataraman, Ellen Barry & Eric Lipton, Indian Business Partners Hope to Exploit Their Ties to Donald Trump, New York Times (20 November 2016).
  2. ^ a b c Ravi Teja Sharma, Rishi Kapoor, Ranbir Kapoor buy apartments in pune’s Trump Towers, Economic Times (16 October 2015).
  3. ^ a b Vidhi Doshi, Trump Towers Pune: project in sleepy Indian city faces investigation, The Guardian (23 August 2016).
  4. ^ Rishi Iyengar, Here are the Indian businessmen Donald Trump met last week, CNN Money (22 November 2016).
  5. ^ Annie Gowen, Trump's extensive deals in India raise conflict-of-interest concerns, Washington Post (21 November 2016).
  6. ^ Crowley, Michael (30 November 2016). "Trump's overseas properties spark security fears". Politico. Retrieved 25 October 2018.

External links[edit]