Mar 20, Kathmandu- The Trump Organization and its local real estate affiliate have announced a new commercial tower project in India.

The Trump Organization is trying to address the demand for real estate in India, the world’s most populous country.

Trump already has residential buildings in India and the project, with more on the slate, makes India the largest market outside the US for his family business.

Indian partner Tribeca Developers has announced that it will develop a new ‘Trump World Center’ in the western Indian city of Pune in partnership with real estate firm Kundan Spaces.

The project, spread over 1.6 million square feet and expected to sell for more than US$289.6 million, will consist of 'two iconic glass towers with over 27 floors of office space'.

“This new expansion marks the Trump Organization’s first foray into commercial real estate in India and will involve a broad range of responsibilities in the region,” the statement said.

Eric Trump, executive vice president of the Trump Organization and the US president’s second son, said in a statement that India has “embraced the Trump brand with remarkable enthusiasm.”

“Following our successful collaboration on several prestigious residential projects, we are proud to launch our first commercial development in India,” he said.

The US president is not involved in the management of the family company, but the Trump Organization’s foreign business dealings have drawn criticism over potential conflicts of interest.

In 2018, his eldest son Donald Trump Jr. visited India after the Trump Organization’s local partners promised to welcome anyone developing luxury properties outside the capital, New Delhi.

The real estate management firm estimates India's office market to witness rapid growth in 2024, with rental transaction activity growing at around 23 percent annually in the top seven cities.