Trumps Organization Tribeca Signs Joint Venture Deal in Pune at NIBM Road

Trumps Organization Tribeca Signs Joint Venture Deal in Pune at NIBM Road

Tribeca Developers Announces New Luxury Project “YOO ONE” in South Pune. Trump organization India’s partner Tribeca Developers has signed a Joint Venture Agreement in Pune with Tricon Infra Buildtech to launch a luxury housing project called YOO ONE at NIBM Road, South Pune. This project marks Tribeca’s expansion plans and signifies its commitment to the Pune market.

Pune Joint Venture Project Highlights:

• Location: South Pune, NIBM Road
• Investment: Rs 525 crore (including land cost)
• Project Type: Luxury apartments
• Number of Units: 286 apartments (phased development)
• Price Range: Rs 1.9 crore – Rs 3.6 crore per apartment
• Brand Collaboration: YOO (interior design by Sussanne Khan)
• Project Timeline: Completion expected within 4 years

Partnership and Expertise:

• Tribeca Developers acts as the development manager for this project.
• Tricon Infra Buildtech owns the 6.5-acre land parcel and is venturing into development for the first time.
• YOO provides brand partnership and design expertise.

Market Outlook:

• Kalpesh Mehta, Founder of Tribeca Developers, expresses confidence in Pune’s luxury housing market and anticipates the project’s success.

Tribeca’s Experience:

• This is Tribeca’s second project in Pune, following their ongoing mixed-use development “The Ark.”
• Tribeca holds the distinction of being the world’s largest developer of Trump-branded properties (excluding Trump Organization itself).

Company Growth:

• Tribeca is currently developing over 5 million sq ft of branded residential projects and has a development pipeline exceeding 4 million sq ft.
• They have achieved sales bookings of around Rs 1,000 crore since April 2021.
• Tribeca seeks to further expand its portfolio with additional projects, including Trump Towers.

This new venture with Tricon and YOO strengthens Tribeca’s presence in Pune’s luxury residential market and offers potential buyers a unique branded living experience designed by Sussanne Khan.

 

 

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in