Real estate major Tribeca Developers, the world’s largest developer of Trump-branded projects, has established Trilive, India’s first rental housing development platform, and has launched its inaugural project in Andheri, Mumbai.
Partnering with Housr, the nation’s leading luxury co-living operator, Trilive aims to cater to the housing needs 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.
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.
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Kalpesh Mehta, Founder of Trilive and Tribeca Developers, said, “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 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, said, “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.”
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