HomeNewsBusinessReal EstateKalpesh Mehta, the man behind Trump Towers in India, sees early bet on luxury real estate pay off
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Kalpesh Mehta, the man behind Trump Towers in India, sees early bet on luxury real estate pay off

With deep ties to the Trump family, Kalpesh Mehta built Tribeca Developers into India's leading luxury brand licensor—expanding its Trump-branded footprint as the real estate boom continues.

MUMBAI / March 24, 2025 / 15:48 IST
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In a market where most developers chased scale and volume, Kalpesh Mehta took a different path. More than a decade ago, when luxury real estate was struggling for a foothold in India, he bet on high-end, branded residences. As co-founder and managing director of Tribeca Developers, he built a business focused on premium projects and brand licensing, introducing Trump Towers to the country.

His conviction was tested early on. When Tribeca brought the first Trump-branded projects to India, the real estate cycle was in decline, luxury sales were sluggish and many believed there was no market for ultra-premium developments. But Mehta believed otherwise.

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"India has a huge shortage of high-quality real estate. It is a myth that luxury real estate doesn’t sell. The problem is, there is hardly any real luxury development in India. People have been making high-rise apartments and calling them luxury. That’s not luxury," he said.

A long-term view on luxury