Pursuits
Trump Tower Mumbai Sales to Resume After Post-Election Pause
- Luxury housing sales have taken a hit after currency ban
- Indian property developer continues to evaluate an IPO
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Lodha Group plans to resume sales at Trump Tower Mumbai after a post-election hiatus, providing a test for India’s languishing luxury home market, and the U.S. president’s brand.
Lodha, one of India’s largest property developers, will resume marketing apartments in the 75-story development in the next few months, said Abhishek Lodha, managing director of the privately held firm. The building is about 60 percent sold and on target to be completed in 2019, he said.