Tribeca Developers 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 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lifestyles in all product categories, fashion, travel, food, and entertainment, their living conditions lag, stuck in outdated flats or shared setups with all the hassles of the 1990s.
Trilive plans to bridge this gap by 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. To manage the experience seamlessly, Trilive has tied up with Housr, which operates 75 properties across 5 cities and is backed by marquee investors like HDFC Capital and Serum Institute of India (Adar Poonawalla).
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 Rs 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 theatres, 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.
Kalpesh Mehta, Founder of Trilive and Tribeca Developers, said, "Tribeca was founded with a vision of giving the Indian consumer true global-quality trophy properties. Whether it’s Tribeca projects or our Trump-branded developments, each project becomes a landmark. With Trilive, we aim 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 can 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 revolutionary concept serves 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."
Tribecca, in collaboration with Housr, has launched India's first dedicated rental housing development platform, designed to cater to the growing demand from Millennials, particularly the estimated 10 million single professionals residing in major metropolitan cities. With less than 0.5% of India’s housing stock dedicated to studio apartments, this new platform aims to fill the gap by offering high-quality, managed studio apartments. The first project, Trilive Andheri, features 650 studios, with the first 300 units now available for sale. Targeting a 6% rental yield, the development benefits from Housr’s expertise in property management, ensuring over 90% occupancy across 75 properties in five cities, with a long-term 9-year lease commitment. This innovative partnership seeks to redefine rental living for India’s urban workforce.
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