Mumbai-based Tribeca Ventures, the exclusive India partner and licensee of the realty and hospitality arm of the Trump Organization since 2012, is planning to go public by 2028. According to reports from Business Standard, Kalpesh Mehta, founder of Tribeca Ventures, revealed that the company intends to raise ₹2,000-3,000 crore via fresh equity and pre-IPO placements from institutional investors. The company has just finished a big restructuring exercise at the end of the last financial year and is gearing up towards an IPO, with all group project entities now consolidated into Tribeca Ventures Private Limited, which will be the vehicle for the listing.
As reported by Business Standard, Tribeca Developers has 13 projects covering 14 million square feet with a gross development value of ₹16,000 crore, making it the largest developer of Trump-branded properties in the world. The company's sales are expected to rise to ₹5,000 crore in FY27, up from ₹3,500-4,000 crore in FY26, compared to ₹1,800 crore in FY25. The target for next year is to get one or two large institutional investors in on a pre-IPO basis, described as a signal of readiness for public markets.
According to Business Standard, on Tuesday, Trump Towers were launched in Hyderabad, marking the eighth Trump-branded project in India and the first in South India. The project involves an investment of ₹2,000 crore and comprises two 65-storey buildings with 450 apartments and 16 penthouses, spanning 2,2,00,000 sq ft of developable area. With apartments costing ₹5-10 crore and penthouses three to four times that, sales realisation from the project is expected to be around ₹3,500-4,200 crore. The project will be built jointly by Tribeca Developers and Ira Realty.
As reported by Business Standard, Tribeca is looking at three to four additional Trump-branded projects in India over the next four years, exploring the Bengaluru and Chennai markets. Currently, Tribeca has launched Trump Tower projects in Mumbai, Pune, Gurugram, Noida and Kolkata. The company is also moving into ultra-luxury, amenitised office space in its Pune project and entering plotted development through land joint ventures, staying true to its asset-light model.
