NIFTY 50 22,968.70 up stock 23.40 (0.10%)
NIFTY 100 23,389.60 up stock 58.20 (0.25%)
NIFTY 500 20,728.90 up stock 117.50 (0.57%)
NIFTY MIDCAP 50 14,157.90 up stock 161.15 (1.15%)
INDIA VIX 15.51 Down stock -0.16 (-0.98%)
NIFTY MIDCAP 150 18,610.75 up stock 234.90 (1.28%)
NIFTY SMALLCAP 50 7,473.40 up stock 127.40 (1.73%)
NIFTY BANK 49,422.10 up stock 334.80 (0.68%)
NIFTY AUTO 21,796.25 Down stock -22.65 (-0.10%)
NIFTY FMCG 52,413.75 Down stock -66.75 (-0.13%)
NIFTY IT 41,276.50 Down stock -187.85 (-0.45%)
NIFTY MEDIA 1,498.35 up stock 25.70 (1.75%)
NIFTY METAL 8,342.20 up stock 86.60 (1.05%)
NIFTY PHARMA 20,746.90 Down stock -222.30 (-1.06%)
NIFTY PRIVATE BANK 24,687.40 up stock 186.80 (0.76%)
NIFTY REALTY 852.85 up stock 20.80 (2.50%)
NIFTY OIL & GAS 10,032.65 up stock 60.60 (0.61%)
NIFTY COMMODITIES 7,838.25 up stock 56.40 (0.72%)
NIFTY ENERGY 31,181.40 up stock 332.35 (1.08%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)
NIFTY 50 22,968.70 up stock 23.40 (0.10%)
NIFTY 100 23,389.60 up stock 58.20 (0.25%)
NIFTY 500 20,728.90 up stock 117.50 (0.57%)
NIFTY MIDCAP 50 14,157.90 up stock 161.15 (1.15%)
INDIA VIX 15.51 Down stock -0.16 (-0.98%)
NIFTY MIDCAP 150 18,610.75 up stock 234.90 (1.28%)
NIFTY SMALLCAP 50 7,473.40 up stock 127.40 (1.73%)
NIFTY BANK 49,422.10 up stock 334.80 (0.68%)
NIFTY AUTO 21,796.25 Down stock -22.65 (-0.10%)
NIFTY FMCG 52,413.75 Down stock -66.75 (-0.13%)
NIFTY IT 41,276.50 Down stock -187.85 (-0.45%)
NIFTY MEDIA 1,498.35 up stock 25.70 (1.75%)
NIFTY METAL 8,342.20 up stock 86.60 (1.05%)
NIFTY PHARMA 20,746.90 Down stock -222.30 (-1.06%)
NIFTY PRIVATE BANK 24,687.40 up stock 186.80 (0.76%)
NIFTY REALTY 852.85 up stock 20.80 (2.50%)
NIFTY OIL & GAS 10,032.65 up stock 60.60 (0.61%)
NIFTY COMMODITIES 7,838.25 up stock 56.40 (0.72%)
NIFTY ENERGY 31,181.40 up stock 332.35 (1.08%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)

Updated 13:28 IST, November 6th 2024

Will Trump's US election victory boost luxury home prices in India?

Properties over Rs 1 crore now make up 41% of sales in early 2024, up from 30% last year, indicating rising demand for high-end homes.

Reported by: Tapovan Vashisht
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US election 2024
Will Trump’s victory hike price of your luxury home dream? | Image: Republic

US election 2024: As the US gears up for the elections on November 5, the Indian real estate sector is closely monitoring the potential implications of Donald Trump's electoral prospects. Trump's brand, particularly represented by the Trump Towers, has already made a notable impact on the luxury property market, and election results could further influence demand for high-end real estate in India.

Behind the Trump brand

However, the relationship between Trump and the luxury properties bearing his name is more complex than it appears. While Trump Towers are recognised for their opulent design, they are not developed directly by Trump's organisation. Instead, local developers collaborate with the Trump Organisation, paying a licencing fee of 3-4 per cent on each sale to use the Trump brand.

These developers maintain the luxurious aesthetic associated with Trump, often opting for striking glass facades and black-and-gold exteriors that resonate with the brand's identity. Currently, completed Trump Towers exist in Pune and Mumbai, with additional projects underway in Gurugram and Kolkata. The price range for these high-end units starts at Rs 10.40 crore and can soar up to Rs 19.05 crore, as per property portals like 99acres and housing.

Trump's strategic Indian debut

Trump's entry into the Indian market began in 2012 when he partnered with Tribeca Developers, granting them exclusive rights to develop Trump-branded properties. This move capitalised on the rising demand for luxury real estate, leveraging the global recognition of the Trump brand to appeal to affluent buyers in India.

Recent market trends highlight a significant shift in buyer preferences. In the first half of 2024, properties priced above Rs 1 crore accounted for 41 per cent of total sales, up from 30 per cent in the same period the previous year. This growth indicates an increasing appetite for high-end properties, characterised by modern amenities, unique designs, and superior materials.

Trump’s luxury brand has drawn high-net-worth individuals and non-resident Indians (NRIs) in search of properties that exude sophistication and exclusivity. The demand remains strong, with high-profile buyers, including Bollywood actors, investing in units within these iconic towers.

Published 15:54 IST, November 4th 2024