The Trump Organization bullish on Indian real estate: Donald Trump Jr
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Last Updated: May 08, 2021, 08:55 PM IST
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The US firm and Tribeca have tied up with local developers, including the Lodha group, to build luxury projects under Trump brand. So far, four luxury projects have been announced, of which one in Pune is already complete.
PTI
The Trump Organization is bullish on the Indian real estate, which is its biggest residential market outside the North America, its Executive Vice-President Donald Trump Jr. said on Saturday. New York-based The Trump Organization, which is a venture of former US President Donald Trump, entered into Indian real estate market through a partnership with Mumbai-based Tribeca Developers.
Here are some of the major areas where new career opportunities will emerge | Representational image
During the midst of the previous decade, when the Indian government outlined the roadmap to achieve a USD 1 trillion digital economy under the flagship project of Digital India, Indian Real Estate also welcomed the idea with open arms. Industry players mulled over remapping the industry digitally. Yet the ~ USD 5 billion real estate transaction industry remained largely human interface-oriented maintaining an agnostic approach.
However, fast-forward to 2020, as the perennial Coronavirus blew in, it forced everyone to think virtually creating a wave of digital transformation. Today, the industry is at an inflection point of deepening digital innovation.
The Indian Real Estate sector has grown tremendously in the past decade. Increased interest from the buyers, the rise of organised real estate developers and transparency in the sector have acted as a catalyst for the growth. The unprecedented times caused due to COVID -19 have changed the way we live, work, think and socialize. However, it’s rightly said that there lies an opportunity in every crisis, and the pandemic was no different. It provided the sector an opportunity to influence the future by adapting innovative strategies to build homes and facilitate the home buying journey.
The real estate industry has been slowing transforming its ecosystem into a digitized one. Developers are streamlining their business process with the help of digital technology. With change in consumer behaviour patterns, digital tools are aiding companies to meet personalised customer specifications while maintaining maximum efficiency. The COVID-19 pandemic re-aligned companies’ strategies to a
More UHNIs planning to buy a new home in 2021, says report
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Indian UHNWIs have 17% of their wealth allocated to property investments compared to 21% globally. (File Photo: PTI)
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The pandemic has made people look for bigger houses and away from crowded areas. Ultra-high-net-worth individuals (UHNIs) are also looking at upgrading their houses or buying new holiday homes, as per Knight Frank’s wealth report 2021.
According to the Attitudes Survey conducted by the company as part of its wealth report 2021, one out of five UHNIs in India plan to buy a new house in 2021 compared to one out of 10 in 2020.