Tribeca Developers, known for bringing the Trump brand to India, has launched India’s first dedicated rental housing development platform — Trilive — with its inaugural project in Mumbai’s bustling Andheri suburb. The headline offering: fully furnished studio apartments priced at just ₹70 lakh, tailored for India’s growing population of young urban professionals.
The launch marks a bold new chapter in urban housing, with Tribeca targeting a severely underserved market — the 10 million+ single Millennials living and working in India’s top metros. Their preference for flexible, high-quality rental homes has long clashed with the country’s outdated housing stock. With studios accounting for less than 0.5% of India’s residential inventory, demand far outweighs supply.
Trilive’s first project in Marol, Andheri, includes 650 studio apartments acquired from Mumbai-based Starwing Group, out of which the first 300 units are now open for sale. These units are expected to generate a 6% rental yield, backed by a 9-year lease from Housr, India’s largest luxury co-living platform.
Housr, co-founded by Tribeca’s Kalpesh Mehta and backed by investors like HDFC Capital and the Serum Institute of India, will manage the project end-to-end — ensuring zero maintenance, steady rental income, and a premium living experience. The apartments come equipped with private balconies, modern furnishings, and access to premium amenities like coworking spaces, gyms, mini theaters, rooftop lounges, and app-based management.
Kalpesh Mehta, Founder of Tribeca and Trilive, said:
“With Trilive, we are addressing a massive housing gap. Our goal is to deliver trophy-quality rental homes to working professionals across India. We’re proud to begin with a landmark project in Andheri, in partnership with Starwing and Housr.”
Deepak Anand, CEO & Co-founder of Housr, added:
“We’ve proven the demand — our 75 properties across 5 cities run at over 95% occupancy. What’s lacking is supply. With Trilive, we’re finally solving that problem at scale.”
Positioned near three metro lines and over 40,000 companies, Trilive Andheri is expected to attract not just end-users but also real estate investors. At a competitive ₹70 lakh price point with high yields and zero operational hassle, the platform offers a compelling alternative to traditional low-yield rental investments in India.
As Housr gears up to scale to 7,000–8,000 beds across India over the next 2–3 years, Trilive could become a game-changer in India’s rental housing sector — starting with Andheri’s skyline.
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