Donald's firm dumps Pune realty project, scraps other projects globally too

US President-elect Donald Trump has abandoned his association with realty projects in several countries, including one in India and it attracted intense scrutiny soon after his election.

Trump’s orgianisation will not be continuing "exploratory" talks over projects in Pune and in Buenos Aires, Argentina, the President-elect's attorney Alan Garten was quoted telling US media outlets.

Earlier, the Trump Organization had called off licensing deals for hotels in Brazil, Azerbaijan and Georgia.

Realestate developer Pan- chshil Realty said the plan for a second project with Trump Organization in Pune had been dropped long back.

"We dropped the project long back. The environment in Pune is not conducive for sale of luxury projects. Nobody buys a Rs 20 crore flat here," Atul Chordia, chairman, Panchshil Realty, told ET.

He said the group has begun focusing more on commercial real estate.

In August 2014, impressed by the sample flat on the first floor of the 23-floor Trump Towers built by Panchshil Ralty in Kalyaninagar in Pune, Donald Trump had said his organisation could be open to future investments in the city.

"I don't know what happens now with so many questions raised. Yes, he was interested at that point. Now we don't know what will happen," Sagar Chordia, Atul's brother and director of the group, told ET.