India, March 19 -- The Trump Organisation is foraying into India's commercial real estate market with the first office project spanning 1.6 million sq ft in Pune. The Trump World Center Pune involves an investment of Rs.1,700 crore and has a sales potential of Rs.2500 crore.

Kalpesh Mehta, founder of Tribeca Developers, said the company, which already has four luxury residential Trump Tower projects in India, plans to develop three more housing projects in North and South India in the coming months, with an investment of around Rs.6000 to Rs.7000 crore.

Tribeca Developers and Kundan Spaces will develop the commercial project in Pune. It is located on a 4.3-acre land parcel on North Main Road in Pune's Koregaon Park annexe.

According to...