Indian home buyers lured with dinner date with junior Trump
20 February, 2018, 20:35 | Author: Kim Reid
Indian newspapers have been running full-page, glossy advertisements hyping his arrival and the latest Trump Tower project under the headline: "Trump is here - Are You Invited?"
Critics have accused Donald Trump Jr. of seeking to cash in on his First Family status by offering Indian property investors an exclusive "dinner and conversation" audience.
Beginning Tuesday, the junior Trump will have a full schedule of meet-and-greets with investors and business leaders throughout India where the Trump family has real estate projects - Mumbai, the New Delhi suburb of Gurgaon and the eastern city of Kolkata.
Later in the week, he is scheduled to make a speech about Indo-Pacific relations at a New Delhi business summit, sharing the stage with Prime Minister Narendra Modi.
While the company is not seeking new business opportunities during the duration of Donald Trump's presidency to avoid conflict of interest, his son said the focus would remain on building only luxury and high-end apartments.
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Donald Trump Jr. gives a thumbs-up beside his father after Trump Sr.'s debate with Hillary Clinton on September 26.
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Mr Trump Jr, the son of the United States president and head of the family business, will be helping to drum up sales of opulent flats in four cities that could net profits of more than $1bn.
Sources, however, said that the Indian government is treating Trump Jr's trip to India as a "private visit".
It pointed to reports in Indian media that prices of apartments in Trump Organization branded developments in India had soared by up to 30 per cent since Trump took office.
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Commenting on his upcoming visit, Trump Jr said "India is such an incredible country and our brand has enjoyed tremendous success in the region for many years".
In Gurgaon, the sprawling and ever-growing New Delhi satellite city where a new Trump Towers will eventually rise, the construction site is just mountains of dirt and unruly shrubbery, one of many residential projects yet to be built.
India is the group's biggest property market outside the U.S., and in 2016 the Trump family earned up to $3m (£2.14m) in royalties from ventures in India, according to a financial disclosure report.
India is the Trump Organization's biggest global market, with four real estate projects underway.
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