The real estate titan Tribeca has launched its inaugural Trilive project featuring 600 studio apartments in Mumbai’s Andheri East. The studios, each approximately 200 square feet, are designed specifically to meet the needs of city-based, fast-paced professionals. This strategic project comes at a time when Mumbai faces a critical shortage of quality studio apartments and co-living spaces despite growing demand from the millennial workforce.

Tribeca Guarantees Premium Investment Returns with Housr

Each flat comes with a ten-year lease commitment from Housr, India’s top luxury co-living brand, ensuring a steady, worry-less return for the longest term. These studio flats for sale in Mumbai are priced at 70 lakh and offer an accessible entry point for individuals seeking strong returns in property investment in the Mumbai market.

The premium developer plans to sell the first 300 studio apartments at a targeted 6% rental yield to investors. This offers significantly higher returns than the typical 2-4% yields seen in traditional real estate investment schemes across India.

“The capital values in key micro markets of India's top seven cities have grown by approximately 128% between 2021 and the end of 2024, said Kalpesh Mehta, Founder of Tribeca Developers. He further added, “Andheri East is a major business hub. So, our projects are positioned in a way that benefits from this growth trend. The 6% rental yield we are offering is a first-of-its-kind for residential real estate in India. With Housr managing the properties from start to end, including keeping it as new as ever and finding tenants, investors can enjoy passive income without the typical worries of property ownership."

Here's What Long-Term Growth Potential Looks Like

The investment model includes a 15% rent increase every three years, which means by the tenth year, investors can expect annual yields to reach 9.13%. The total gain will come up to INR 76 lakh in the tenth year. Based on current market trends, property values in Andheri East, especially that of studio apartments and co-living spaces, are projected to grow steadily over the next decade.

Trilive Addresses the Urban Housing Gap in Mumbai

India's metropolitan cities, like Mumbai and Pune, house approximately 10 million single millennials working in corporate positions. These professionals typically prefer renting over buying and seek around 200 square feet of personal space in well-designed studio apartments.

Despite this demand, studios make up less than 0.5% of Mumbai’s housing market, creating a substantial supply shortage. The partnership between Tribeca and Housr aims to address this gap through the Trilive platform.

"We've seen the co-living concept succeed globally, but India lacks the proper infrastructure," explained Deepak Anand, Co-founder & CEO of Housr. "In Mumbai, we couldn't find a single quality building worthy of luxury managed living for over 5 years. Trilive solves this problem."

30+ Luxury Amenities and Professional Management

Trilive features modern amenities, including fully-furnished studio flats with plush furniture and fixtures, private balconies, city views, fitness centres, AC coworking spaces, mini theatres, and rooftop lounges. Housr in Mumbai will manage these facilities through and through.

The Housr experience includes three-tier security systems, daily housekeeping, unlimited laundry, free WiFi, power backup, pet-friendly gardens, community events, and app-enabled living. Additional amenities include a café, restaurant, gym, jogging track, yoga spaces, and recreational facilities.

For tenants, this creates a comprehensive living experience with all utilities and services included in a single payment. For investors, it means properties are well-maintained and attractive to potential renters.

Housr and Tribeca’s Compelling Investment Benefits

For investors considering investing in rental property, Tribeca's Trilive offers several advantages:

"With Trilive, our goal is to serve the vast unmet need of working professionals in India – premium-quality, fully-furnished managed rental housing," said Kalpesh Mehta, Founder of Tribeca Developers.

Deepak Anand, Co-founder & CEO of Housr, added, "Through this partnership with Trilive, we are looking at rapidly expanding by securing a steady supply of luxury studio apartments with the best amenities, rental terms, and security for couples, singles, professionals, and corporates across all major cities in India.

While Tribeca is a Master in Its Art, Housr’s Brilliant Operations Have Excellent Professional Backing

Tribeca is already known as the world's largest developer of Trump-branded projects. It has created some of India's iconic landmarks, including the world’s largest rooftop and Pune’s largest high street retail.

In addition, as India's leading luxury co-living brand, Housr is backed by major investors, including HDFC Capital, Poonawala Fincorp, The Godrej Family, and INCRED Alternatives.

Housr properties are trusted by professionals from leading corporations including Amazon, Netflix, Airtel, Google, CISCO, HDFC, HCL, and Adani Groups. This professional backing adds credibility to the Trilive project.

For investors, Tribeca's Trilive delivers a compelling opportunity in the dynamic Mumbai real estate landscape with stable returns and minimal management concerns. The combination of location advantage, professional management, and strong yields makes this a unique real estate investment proposition in India's financial capital.