From long-standing realty majors to flamboyant start-ups — some with politicians amongst house owners and stakeholders, and some others on the radar of investigative companies. That is the US President’s Ten: a various mixture of firms that has teamed up with The Trump Group or its licensed companion in India Tribeca Builders to showcase the model within the nation.
In 2023, a 12 months earlier than Trump was elected once more as President, the promoters of three realty firms on this group had been arrested in 2023 on fees of allegedly bribing a judicial officer in Haryana. The case is ongoing however an antagonistic verdict might go away The Trump Group doubtlessly weak underneath the Overseas Corrupt Practices Act — the 1977 legislation that prohibits US firms or their enterprise companions from bribing, or unduly influencing, overseas officers to advance a enterprise deal. The Act has presently been paused by the Trump administration.
Rohan Landscapes: In 2011, The Trump Group inked its first deal in India with Rohan Landscapes, an organization shaped in 2007, for a 45-60 storey constructing in Mumbai’s Chowpatty. The undertaking fizzled out after the Maharashtra authorities denied permission to amalgamate two plots because of a number of alleged irregularities. Rohan Landscapes chairman Harresh Mehta has additionally been a part of a CBI probe into an alleged SBI mortgage fraud case since 2016.
Panchshil Realty: The Trump Group’s subsequent deal in India was with this Pune-based agency in 2012. A 12 months earlier than the deal was introduced, the then Chief of Opposition within the Maharashtra Meeting Eknath Khadse had raised allegations of a land rip-off and sought to hyperlink NCP chief Sharad Pawar’s household to the Panchshil Group.
At the moment, Pawar’s daughter Supriya Sule and her husband held 8% stake in a Panchshil subsidiary.
Panchshil Realty was based by Atul Chordia in 2002. In 2017, an FIR was filed in Pune naming Chordia together with different builders for alleged forgery associated to buying 326 acres. In 2022, the Bombay Excessive Courtroom quashed the FIR. In 2018, Pune Municipal Company initiated motion after accusing Panchshil of allegedly reducing 500 bushes illegally close to the Salim Ali Fowl Sanctuary — the corporate denied any wrongdoing.
Lodha Group: In 2013, The Trump Group introduced a 78-storey tower in Mumbai’s Worli with the Lodha Group (now Macrotech Builders), which was based in 1980 by Mangal Prabhat Lodha, the BJP MLA from Malabar Hills since 1995. Now Minister of Talent Growth and Entrepreneurship within the Maharashtra authorities, Lodha served because the BJP’s state president throughout 2019-2022.
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Ireo Group: In 2016, The Trump Group signed its fourth deal in India earlier than Tribeca Builders entered the image. The undertaking with Ireo Group was labelled as the primary Trump-branded industrial property underneath a branding and design settlement for an workplace tower at Gurgaon’s Golf Course Extension Street — nevertheless it by no means took off.
Based in 2004, the Ireo Group was accused of “large-scale fraud” and “illegally siphoning off” at the very least $147 million of investor cash by two international funding firms primarily based in New York and London that had put almost $300 million within the realty firm, The Washington Publish reported in 2018 — the corporate had earlier denied the costs.
In 2021, the Enforcement Directorate arrested Lalit Goyal underneath the Prevention of Cash Laundering Act (PMLA) on fees of allegedly diverting greater than Rs 2,600 crore belonging to homebuyers and buyers by means of offshore entities in offshore tax havens. In 2023, he was arrested over fees of allegedly bribing a judicial officer in Haryana’s Panchkula. Goyal is on bail.
Unimark & RDB: In 2017, Tribeca teamed up with Unimark Group and RDB Group for a 38-storey residential Trump Tower in Kolkata. Unimark was based in 1996 by Harsh Vardhan Patodia. In 2015 and in 2016, its pharmaceutical arm Unimark Treatments reportedly obtained warning letters from the USFDA for alleged quality-control points. Subsequently, the corporate entered insolvency proceedings.
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RDB Group was based in 1981 by Sunder Lal Dugar. Shortly after Donald Trump Jr’s go to to advertise Trump Tower Kolkata, the Revenue Tax Division raided the workplaces of the RDB Group in February 2018. Earlier in 2011, SEBI barred RDB Group firm RDB Rasayans and its promoters from accessing markets for 4 years for routing IPO funds as loans to RDB Realty & Infrastructure with out enough disclosure.
M3M & Smartworld Builders: In 2018, Tribeca launched Trump Towers in Gurugram with M3M Group based in 2010 by Basant, Roop and Pankaj Bansal. Tribeca introduced its second undertaking in Gurugram this April with Smartworld Builders established in 2021 by the identical promoters behind the M3M Group.
In 2023, the Enforcement Directorate arrested the M3M promoters, raided a number of workplaces of M3M and Ireo in Gurugram and Delhi. M3M was charged with allegedly siphoning of as much as Rs 400 crore from the Ireo Group by means of shell firms and bribing a judicial officer in Haryana together with Ireo’s Goyal. The M3M promoters had been granted bail however the probe underneath PMLA continues.
Kundan Areas: In March 2025, Tribeca and Kundan Areas launched a 27-storey industrial twin towers undertaking in Pune — the primary Trump-branded workplace growth in India.
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Kundan Areas was based in 1986 by B Ok Jain. This January, Kundan Areas managing director Ashish Jain and M3M managing director Pankaj Bansal attended Donald Trump’s inauguration alongside Kalpesh Mehta, the founding father of Tribeca Builders.
IRA Realty: The newest deal for the Trump model in India was introduced this April — two 63-floor residential towers in Hyderabad’s Golden Miles to be developed by IRA Realty based in 2019 by Narsi Reddy Posham. Final month, the proprietor of one of many land parcels for the undertaking claimed in a public discover that he had not agreed to the event.
IRA, Kundan House, Unimark, RDB, IREO, M3M and SmartWorld didn’t reply to requests for remark from The Indian Categorical on undertaking tie-ups linked to The Trump Group. The Lodha Group declined to remark. Rohan Landscapes and Panchshil Realty would not have any delayed, present or future tasks linked to Trump’s enterprise pursuits.