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 launched Trilive, India’s first dedicated rental housing development platform. The platform aims to cater to the housing needs of tens of millions of Millennials across India’s top cities. Trilive is collaborating with Starwing Group, a Mumbai-based developer, who has purchased.

650 studios in Marol, Andheri. India’s metropolitan hubs are estimated to host around 10 million single Millennials in the corporate workforce, who prefer renting over buying. Trilive plans to bridge this gap by either developing or acquiring studio apartment projects across Indian cities. The first 300 studios will be sold at a targeted 6% rental yield with a 9-year.

Lease from Housr, far surpassing the traditional 2–4% yields of Indian residential real estate. Trilive’s studios feature sleek designs, private balconies, and panoramic views, while Housr offers a five-star experience with gyms, coworking spaces, mini theaters, rooftop lounges, and more. The partnership with Tribeca Developers aims to secure a steady supply of 7,000-8,000 beds across India in the next 2-3 years.

Tribeca Developers has launched Trilive, India’s first dedicated rental housing development platform, aiming to address the growing demand for high-quality rental accommodations among millennials in major Indian cities. The inaugural project is set in Marol, Andheri, Mumbai, featuring 650 studio apartments acquired from the Mumbai-based Starwing Group.

Each studio apartment, approximately 200 square feet in size, is priced at ₹70 lakh and offers modern amenities, including private balconies, rooftop lounges, gyms, coworking spaces, and mini theatres. To ensure a seamless living experience, Tribeca has partnered with Housr, a luxury co-living operator, which will manage the properties through its digital platform, covering aspects like rent collection, maintenance, and tenant services.

For investors, Trilive presents an attractive proposition by offering a targeted 6% rental yield, significantly higher than the typical 2–4% yields in the residential sector. This is supported by a nine-year lease commitment from Housr, ensuring steady rental income and alleviating concerns related to property management and vacancies.

Kalpesh Mehta, Founder of Tribeca Developers, emphasized that Trilive aims to fulfill the unmet need for high-quality managed rental housing among working professionals in India. Deepak Anand, Co-founder and CEO of Housr, highlighted the significant demand-supply gap, noting that studio apartments constitute less than 0.5% of India’s housing stock, despite nearly 10 million millennials seeking such housing formats. ​

Looking ahead, Trilive plans to expand this rental housing model to other major cities, including Pune, Bengaluru, and Hyderabad, with an ambitious target of adding 7,000 to 8,000 beds across India over the next two to three years solutions tailored to the preferences of India’s growing millennial workforce.

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This initiative reflects Tribeca’s strategic focus on redefining urban living by solutions tailored to the preferences of India’s growing millennial workforce. providing modern, managed rental housing solutions tailored to the preferences of India’s growing millennial workforce.

Each studio apartment, approximately 200 square feet in size and priced at ₹70 lakh, offers modern amenities such as private balconies, rooftop lounges, gyms, coworking spaces, and mini theatres. To ensure a seamless living experience, Tribeca has partnered with Housr, a luxury co-living operator, which will manage the properties through its digital platform, covering aspects like rent collection, maintenance, and tenant services. ​

For investors, Trilive presents an attractive proposition by offering a targeted 6% rental yield, significantly higher than the typical 2–4% yields in the residential sector. This is supported by a nine-year lease commitment from Housr, ensuring steady rental income and alleviating concerns related to property management and vacancies. ​

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