Indian Luxury Real Estate Is Stalled, But Trump’s Partners Are Cashing In... Slowly.
Less than two weeks after Donald Trump was elected president, he received just his second delegation of foreign leaders. Japanese Prime Minister Shinzo Abe had been first. Then came a group of his Indian real estate partners: Kalpesh Mehta and Atul and Sagar Chordia.
That meeting, ahead of Indian Prime Minister Narendra Modi, not to mention stalwart allies like [German Chancellor Angela] Merkel and [UK Prime Minister Theresa] May, caused an uproar, prompting Trump to announce that he was putting a freeze on foreign partnerships.
For Mehta and the Chordias, though, the Trump presidency has created a business boon. “The Trump Organization...took a bold bet on India several years ago, and, recognising that it is a complex market, they have been...willing to go above and beyond,” says Mehta.
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