18 August 2008
The fund is expected to initially target developments in Mumbai and should include an Indian family as investors.
Speaking to Bloomberg.com, he said that the fund will be for acquisitions of real estate in the high end and across the spectrum.
"We'll start it off relatively small and grow it as we get more familiar with the Indian market. Our entry has to be in Mumbai, and that's where everything is going on right now in terms of the high-end real estate," he told the news provider.
Delhi, Hyderabad and Bangalore are among the other cities that Mr Trump Junior is considering investing in.
The Economic Times of India reported that the expansion plans of Indian corporate businesses has grown to Rs.10.5 trillion ($244 billion) in the first six months of this year.
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