Tribeca Launches India’s 1st Rental Housing Development Platform Trilive
Tribeca Developers, India’s leading trophy property developer and the world’s largest developer of Trump-branded projects, has announced the launch of Trilive, India’s first dedicated rental housing development platform, with its inaugural project in Andheri, Mumbai. Partnering with Housr, the nation’s premier luxury co-living operator, Trilive aims to reshape urban living by catering to the housing needs of tens of millions of Millennials across India’s top cities. For its first project, Trilive is collaborating with the Starwing Group, a Mumbai based developer from whom it has purchased 650 studios in Marol, Andheri.
India’s metropolitan hubs are estimated to host around 10 million single Millennials in the corporate workforce – young professionals who prefer renting over buying and can typically afford about 200 square feet of real estate, ideally a studio apartment. Yet, with less than 0.5% of India’s vast housing stock comprising studios, supply is virtually nonexistent. While these Millennials enjoy affordable global lifestyles in all product categories – fashion, travel, food, entertainment – their living conditions lag behind, stuck in outdated flats or shared setups with all the hassles of the 1990s.
Trilive plans to bridge this gap by either developing or acquiring studio apartment projects across Indian cities. Its first project, Trilive Andheri, launches in Mumbai’s bustling Andheri hub, a magnet for young professionals. They have tied up with Housr, which operates 75 properties across 5 cities, backed by marquee investors like HDFC Capital and Serum Institute of India (Adar Poonawalla), to manage the experience seamlessly.
Trilive plans to sell the first 300 studios at a targeted 6% rental yield to investors with a 9-year lease from Housr, far surpassing the traditional 2–4% yields of Indian residential real estate. Priced at just ₹70 Lakh, this attractive ticket size makes Trilive an accessible entry point for investors seeking high returns and steady growth. Located in Marol, Andheri – near 40,000+ companies and 3 metro lines – Trilive’s studios feature sleek designs, private balconies, and panoramic views, with Housr delivering a five-star experience: gyms, coworking spaces, mini theaters, rooftop lounges, and more – all managed via Housr’s app. For investors, Housr ensures steady rent, no vacancies, and no maintenance – offering high returns with zero hassle.
“Tribeca was founded with a vision of giving the Indian consumer true global-quality trophy properties,” said Kalpesh Mehta, Founder of Trilive and Tribeca Developers. “Whether it’s Tribeca projects or our Trump-branded developments, each project of ours becomes a landmark. With Trilive, our goal is to serve the vast unmet need of working professionals in India – high-quality managed rental housing. I am pleased to announce our first project in partnership with the Starwing Group, a high-quality developer with deep roots in the Andheri market, and Housr, a company I co-founded 5 years ago.”
Deepak Anand, Co-Founder & CEO of Housr, added: “Housr has been incredibly successful. After serving 15,000 residents, we know exactly what they want and are able to give them a high-quality managed living experience. With occupancy rates over 95% across 75 properties, we have more than adequately proven the demand for luxury managed living. The biggest constraint to our growth is not demand, but supply. There just isn’t enough quality supply of studio apartments to meet the demand. In a city like Mumbai, we couldn’t get a single quality building worthy of luxury managed living for over 5 years. With this partnership with Trilive, we are looking at rapidly expanding by securing a steady supply of 7,000-8,000 beds across India in the next 2–3 years.”
Rajeev Dube, Starwing Group, remarked: “I am thrilled to welcome Trilive and Housr into our i-Stay project in Andheri, Marol. This is a revolutionary concept, serving two vast unmet demands – rental housing for young professionals and impressive residential returns for investors. Partnering with Tribeca and Housr brings a fresh, dynamic vision to Andheri’s skyline.”
