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What is the story about?
Tribeca Developers, which is the licensed partner of the Trump Organization in India since 2012, plans to go public alongside efforts to double its project portfolio in India to ₹50,000 crore ($5.4 billion) over the next three years. The revelation came from founder Kalpesh Mehta, in a conversation with CNBC-TV18 on August 11.
Mehta described it as the 'most obvious path' for the company that currently has a portfolio of around ₹25,000 crore across 13 projects in five Indian cities.
Eric Trump, Executive Vice President of the Trump Organization, and the son of US President Donald Trump, is expected to visit India before the end of the year to announce the latest project in Hyderabad, which has a May 2031 delivery deadline.
“We haven't officially announced the sales price yet, so depending on what we open at, I think the total sale value will range from between ₹3,500 to about ₹4,000 crores on this project,” Mehta said. That would be significant chunk of the estimated ₹4,500-5,000 crore revenue in the current financial year ending March 2027.
Tribeca's FY26 sales stood at ₹3,500 crore in FY26, almost double the ₹1,800 crore reported in the previous financial year. And, it completed a major restructuring of the organisation in the same year.
The Hyderabad development, located on the Golden Mile Road in Kokapet (one of the city's prominent luxury residential corridors), marks the Trump brand's first entry into South India and its eighth project in India. Around 25-30% of demand is expected to come from non-resident Indians, primarily from the US, according to the developers.
India remains key market for Trump brand
India has become the largest market for Trump-branded real estate outside the US, with more Trump projects in the country than in any other market except the US.
Tribeca founder Mehta's connection with the Trump family began during his time at Wharton School at the University of Pennsylvania where he became friends with Donald Trump Junior, the American's President's eldest son.
Four Trump-branded residential projects have already been completed in Pune, Mumbai, Kolkata and Gurugram. The two towers coming up in Hyderabad would be the brand's biggest project in the country yet.
Trump-branded residences in North India have historically commanded a 50-60% premium over comparable projects. For its first Trump project in Gurugram, the company launched units at around ₹16,500 per square foot, compared with approximately ₹10,500 per square foot for the partner's own luxury developments in the same master project. That represented a premium of around 60%, Mehta said. Those residences now command around ₹40,000 per square foot in the resale market, according to Mehta.
The second Trump project in Gurugram was launched at around ₹26,000 per square foot, compared with ₹17,000 per square foot in one of Tribeca's other products. “I'd like (the premium) to be at least 40-50% here,” Mehta said.
The final pricing for the Hyderabad would be decided in the coming weeks.
Tribeca is evaluating additional Indian cities and could eventually explore product categories it has not yet entered, including hotels and golf courses, although Mehta said the company would approach these opportunities selectively.
All you need to know about the upcoming Trump Towers in Hyderabad
The Hyderabad project would be the brand's include two towers, expected to rise about 240 metres, making them among the tallest residential towers in South India and the tallest Trump-branded residential development in India, according to the developers.
The project will feature 3.5- and 4-BHK residences, penthouses and duplex homes, with individual residences having private lifts and exclusive lobbies. Mehta's company has already sold penthouses worth ₹250 crore, which includes a single transaction worth about ₹62 crore, potentially one of the most expensive residential transactions in Hyderabad.
“We haven't officially launched the project. We got our data about two weeks back and I was informed by my team that most of our penthouses are already sold out,” he said.
Tribeca had seen a similar response for its second Trump-branded project in Gurugram, where it sold around ₹3,000 crore worth of inventory in a single day to both local and international buyers, Mehta said.
India’s ultra-luxury housing market, with homes priced between ₹20 crore and ₹50 crore ($5.2 million) is growing way faster than other segments. In the first half of 2025, 371 such homes were sold across major Indian cities, more double the 181 sales recorded in the same time last year, according to data from Knight Frank.
Read more: What’s inside Manav Sardana’s record ₹271 crore DLF The Dahlias penthouse in Gurugram
Mehta described it as the 'most obvious path' for the company that currently has a portfolio of around ₹25,000 crore across 13 projects in five Indian cities.
Eric Trump, Executive Vice President of the Trump Organization, and the son of US President Donald Trump, is expected to visit India before the end of the year to announce the latest project in Hyderabad, which has a May 2031 delivery deadline.
“We haven't officially announced the sales price yet, so depending on what we open at, I think the total sale value will range from between ₹3,500 to about ₹4,000 crores on this project,” Mehta said. That would be significant chunk of the estimated ₹4,500-5,000 crore revenue in the current financial year ending March 2027.
Tribeca's FY26 sales stood at ₹3,500 crore in FY26, almost double the ₹1,800 crore reported in the previous financial year. And, it completed a major restructuring of the organisation in the same year.
The Hyderabad development, located on the Golden Mile Road in Kokapet (one of the city's prominent luxury residential corridors), marks the Trump brand's first entry into South India and its eighth project in India. Around 25-30% of demand is expected to come from non-resident Indians, primarily from the US, according to the developers.
India remains key market for Trump brand
India has become the largest market for Trump-branded real estate outside the US, with more Trump projects in the country than in any other market except the US.
Tribeca founder Mehta's connection with the Trump family began during his time at Wharton School at the University of Pennsylvania where he became friends with Donald Trump Junior, the American's President's eldest son.
Four Trump-branded residential projects have already been completed in Pune, Mumbai, Kolkata and Gurugram. The two towers coming up in Hyderabad would be the brand's biggest project in the country yet.
Trump-branded residences in North India have historically commanded a 50-60% premium over comparable projects. For its first Trump project in Gurugram, the company launched units at around ₹16,500 per square foot, compared with approximately ₹10,500 per square foot for the partner's own luxury developments in the same master project. That represented a premium of around 60%, Mehta said. Those residences now command around ₹40,000 per square foot in the resale market, according to Mehta.
The second Trump project in Gurugram was launched at around ₹26,000 per square foot, compared with ₹17,000 per square foot in one of Tribeca's other products. “I'd like (the premium) to be at least 40-50% here,” Mehta said.
The final pricing for the Hyderabad would be decided in the coming weeks.
Tribeca is evaluating additional Indian cities and could eventually explore product categories it has not yet entered, including hotels and golf courses, although Mehta said the company would approach these opportunities selectively.
All you need to know about the upcoming Trump Towers in Hyderabad
The Hyderabad project would be the brand's include two towers, expected to rise about 240 metres, making them among the tallest residential towers in South India and the tallest Trump-branded residential development in India, according to the developers.
The project will feature 3.5- and 4-BHK residences, penthouses and duplex homes, with individual residences having private lifts and exclusive lobbies. Mehta's company has already sold penthouses worth ₹250 crore, which includes a single transaction worth about ₹62 crore, potentially one of the most expensive residential transactions in Hyderabad.
“We haven't officially launched the project. We got our data about two weeks back and I was informed by my team that most of our penthouses are already sold out,” he said.
Tribeca had seen a similar response for its second Trump-branded project in Gurugram, where it sold around ₹3,000 crore worth of inventory in a single day to both local and international buyers, Mehta said.
India’s ultra-luxury housing market, with homes priced between ₹20 crore and ₹50 crore ($5.2 million) is growing way faster than other segments. In the first half of 2025, 371 such homes were sold across major Indian cities, more double the 181 sales recorded in the same time last year, according to data from Knight Frank.
Read more: What’s inside Manav Sardana’s record ₹271 crore DLF The Dahlias penthouse in Gurugram
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