India, May 13 -- Trump Residences in Gurugram, developed by Smartworld Developers and Tribeca Developers, sold out on launch day, recording Rs.3,250 crore in allotments. The project's four ultra-premium penthouses, valued at Rs.125 crore, were also fully allotted, Smartworld Developers said in a statement on May 13.

The project marks the second Trump-branded residential development in Gurugram and the sixth in India, making Gurugram the only city outside New York to host two Trump Towers. Located in Sector 69, the Trump Residences will feature two 51-story towers with 298 luxury residences, spanning a total saleable area of 12 lakh sq. ft.

The Trump Organization's India partner, Tribeca Developers, along with Gurgaon-based Smartworld De...