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Tribeca Developers has launched Trilive, a built-for-rent studio apartment project in Marol, Andheri, aimed at India's growing population of millennial professionals seeking premium rental housing. Despite strong demand, studio apartments form less than 0.5% of India's housing stock. Trilive addresses this gap by offering 650 tech-enabled, fully serviced units with modern amenities like rooftop lounges, co-working spaces, and private balconies. The project is managed by Housr, which operates over 75 properties across five cities, and promises investors a rental yield of over 6% with a nine-year leaseback. This marks one of India's largest managed rental housing ventures and reflects a strategic collaboration between Tribeca, Housr, and Starwing Group. With future plans to scale up to 8,000 beds across cities, Trilive combines premium urban living with hassle-free ownership-presenting a new standard in India's rental housing landscape.
As Indian metros continue to attract a growing influx of young, career-driven professionals, the demand for premium rental housing has surged. Despite this, the built-for-rent segment in India remains underdeveloped, with the market struggling to provide adequate, well-planned housing solutions. Rapid employment growth in major cities such as Mumbai, Bengaluru, Hyderabad, and Gurugram?now home to a multitude of MNCs, startups, and IT parks?has created a pressing need for modern rental accommodations. However, the available housing options often fall short, forcing professionals into outdated or substandard living conditions. Advertisement
Addressing this crucial market gap, Tribeca Developers?known for their premium property developments and as India?s official partner for Trump-branded real estate?has launched Trilive, a pioneering rental living concept. The first project under the Trilive brand is being rolled out in Marol, Andheri, a growing urban node in Mumbai. It marks a significant step in India's real estate evolution, offering studio apartments explicitly built for managed rentals.
India is home to nearly 10 million millennial professionals who prefer renting over buying, but studio apartments still make up less than 0.5% of the nation?s housing stock. This disparity highlights a major disconnect between modern consumer preferences and available inventory. With their expectations shaped by global standards in fashion, travel, and lifestyle, India?s young workforce is increasingly rejecting outdated or shared accommodation options.
Trilive intends to address this unmet demand by offering studio apartments that are not only aesthetically designed but also fully serviced with premium amenities. The residences are tailored to match the lifestyle of contemporary professionals?compact yet sophisticated, featuring private balconies, skyline views, and tech-integrated interiors. The first phase of the Trilive Andheri project will include 650 serviced studio apartments, making it the largest of its kind in India. Out of these, 300 units are currently being marketed to investors with a standout proposition: a guaranteed rental yield of over 6%, which is significantly higher than India?s average residential yield of 2?4%.
Each apartment is offered with a nine-year leaseback agreement managed by Housr, India's leading operator of luxury serviced apartments. Through Housr?s mobile platform, residents will enjoy seamless access to facilities like rooftop lounges, co-working areas, mini cinemas, gyms, and other lifestyle-centric services?delivering a complete urban living experience.
What makes Trilive especially noteworthy is its dual appeal?it serves as both a high-quality housing solution for renters and a lucrative, low-maintenance investment for property buyers. With Housr already managing 75 properties across five cities at an occupancy rate exceeding 95%, the collaboration ensures a robust operational backbone. Investors are free from the hassles typically associated with property ownership, including maintenance, rent collection, and tenant sourcing. Trilive?s integrated rental ecosystem is structured to yield passive income while also benefiting from long-term asset appreciation.
Kalpesh Mehta, the Founder of Tribeca Developers and co-founder of Housr, expressed that the vision behind Tribeca was always to bring global-quality, landmark projects to Indian consumers. He stated that the company?s projects, whether under the Tribeca or Trump brand, have consistently stood out in the market. Mehta added that Trilive was conceptualised to meet the vast demand for premium, managed rental housing for India?s professional workforce. He also highlighted the partnership with Starwing Group, a reputed Andheri-based developer, as a key element in bringing this vision to life.
The Trilive project builds on Starwing Group?s existing i-Stay development and leverages Housr?s operational expertise to ensure quality and consistency for both residents and investors. This three-way partnership reflects a well-thought-out strategy designed to meet the growing needs of India?s urban population.
Far from being a standalone initiative, Trilive is a scalable model with plans to expand across multiple Indian cities. The platform aims to provide a uniform standard of rental housing while scaling up to 7,000?8,000 beds over the next two years. In a market plagued by low rental returns and management challenges, Trilive introduces a compelling proposition?combining steady returns, hassle-free ownership, and capital growth potential.
By aligning premium living with investment security, Tribeca Developers and its partners have positioned Trilive as a smart, sustainable response to the evolving needs of India?s mobile urban workforce. Its blend of design, technology, professional management, and investor-centric features could redefine how the country perceives renting?not as a compromise, but as a lifestyle choice.
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