The ventures include four luxury residential projects and an office tower, all branded with the Trump name under licensing deals.
downgraded the firm’s bonds to junk status and said it was unclear whether Macrotech would be able to manage a $324 million debt payment due next month.Ritesh Shah, 41, a diamond trader who purchased two apartments in Trump Tower Mumbai, said the biggest pull was that the building was compliant with the principles of Vastu, a traditional Hindu system of architecture. He said buyers were originally supposed to take possession at the end of 2018, but the delay has not worried him.
When reached by The Washington Post, Mangal Prabhat Lodha declined to answer any questions, saying, “I don’t want to talk about it.” The company’s media representative also did not respond to requests for comment.In 2016, the Trump Organization announced a partnership with IREO, a real-estate-focused private equity firm, to build an office tower in the city of Gurugram — also known as Gurgaon — just outside the capital, New Delhi.
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