Trump to Enter Indian Property Market With Mumbai Luxury Tower - Bloomberg

Trump to Enter Indian Property Market With Mumbai Luxury Tower - Bloomberg: "U.S. billionaire real-estate developer Donald Trump is entering the Indian property market with a luxury residential tower in Mumbai, more than two years after announcing plans to expand in the south Asian nation.

Trump, who has joined with Mumbai developer Rohan Lifescapes Pvt. for his first venture in the country, expects to start marketing the project by March, said Donald Trump Jr., Trump’s son and executive vice president at the Trump Organization LLC.

“We are doing a very luxury project with Rohan Lifescapes and we’ll be in India later this quarter to launch it officially,” Donald Trump Jr. said in a phone interview from New York on Jan. 13. He declined to give further details on the project.

Donald Trump’s son said in a July 2008 interview he planned to set up a fund of as much as $1 billion to buy property in India. “The market place is beginning to understand and appreciate luxury, so there is a great opening for us there, as well as in resorts,” he said at the time."

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