Tribeca Developers, the licensed partner of the Trump Organization in India, has made a significant announcement that could reshape India’s urban housing landscape. The company launched a dedicated rental housing platform, Trilive, designed to address the growing demand for quality rental accommodations among India’s millennial workforce. The first project under this platform has been unveiled in Mumbai’s bustling Andheri area, offering luxurious studio apartments at competitive prices.
Trilive: A New Era of Rental Housing in India
Trilive is a bold step by Tribeca Developers to cater to the evolving housing needs of India’s young professionals. This platform aims to fill the glaring gap in the availability of high-quality, managed rental housing across major cities.
The inaugural project, located in Marol, Andheri, marks the beginning of a long-term vision. Tribeca has partnered with the Starwing Group, a reputed Mumbai-based real estate developer, to bring this project to life. The development includes 650 studio apartments, with the first 300 units set to go on sale.
Also Read: Delhi, Mumbai & Bengaluru Real Estate Now Unaffordable for the Middle-Class Buyer
Features and Benefits of Trilive Studio Apartments
Trilive apartments are designed to combine comfort, functionality, and luxury. Priced at ₹70 lakh per unit, the studios come with a host of modern amenities and value propositions:
1. Contemporary Amenities
Each unit is equipped with private balconies, coworking spaces, rooftop lounges, gyms, mini theatres, and panoramic city views. These amenities are tailored to meet the lifestyle preferences of urban millennials.
2. Strategic Partnership with Housr
Tribeca has joined hands with Housr, a leading co-living operator in India, to ensure seamless property management. Housr provides:
- Assured rental income
- Zero vacancy concerns
- Hassle-free maintenance
3. Higher Rental Yields
Investors in Trilive can enjoy a 6% rental yield, significantly higher than the 2–4% average yield in India’s residential real estate market.
4. Long-Term Lease Commitments
A 9-year lease commitment from Housr guarantees steady returns and financial security for investors.
Addressing an Underserved Market
India’s metro cities host nearly 10 million single millennials employed in corporate jobs. These professionals often prefer renting over buying and seek compact, well-designed living spaces. However, the supply of studio apartments remains critically low, making up less than 0.5% of the country’s housing stock.
Despite their modern preferences in areas like fashion, technology, and travel, millennials often find themselves renting outdated apartments or shared accommodations that do not meet their lifestyle standards. Trilive aims to bridge this gap by providing thoughtfully designed studio apartments that cater to modern needs.
Kalpesh Mehta, Founder of Trump Organization's India partner Tribeca Developers, explained:
"There just isn’t enough quality supply of studio apartments to meet demand. In a city like Mumbai, we couldn’t find a single building suitable for luxury-managed living for over five years. With Trilive, we’re aiming to scale rapidly by adding 7,000–8,000 beds across India in the next 2–3 years."
Strategic Expansion of Trump Organization in India
In addition to Trilive, Tribeca Developers has announced plans to expand its collaboration with the Trump Organization. The company is set to launch the Trump World Center Pune, India’s first Trump-branded commercial office tower.
This project, spread across 1.6 million sq ft and featuring over 27 floors of premium office space, highlights the Trump Organization’s growing footprint in India’s real estate market. It will be the second Trump project in Pune and the first commercial office development by the Trump brand in the country.
A Promising Opportunity for Investors
Trilive offers investors a unique opportunity to tap into the growing rental housing market. The blend of premium amenities, assured rental yields, and expert property management ensures that Trilive apartments are an attractive investment.
Furthermore, with India’s urban workforce expanding and millennials opting for rental solutions over homeownership, the demand for projects like Trilive is only expected to grow.
Conclusion
Trump Organization's India partner Tribeca Developers is charting a new course in India’s rental housing sector with the launch of Trilive. By focusing on the needs of urban millennials and providing high-quality, managed living spaces, the platform promises to transform the way rental housing is perceived in the country.
With its strategic partnerships, long-term vision, and investor-friendly approach, Tribeca Developers is set to lead a rental housing revolution in India’s top cities.
Also Read: Boost to Mumbai Real Estate as MMRDA Allots New Plot to NSE in BKC
Ans 1. Trilive is a rental housing platform launched by Tribeca Developers to cater to the demand for high-quality, managed rental accommodations among India’s millennial workforce. It aims to address the gap in premium studio apartments in metro cities like Mumbai.
Ans 2. The inaugural Trilive project is located in Marol, Andheri, Mumbai, and includes 650 studio apartments. The first 300 units are now available for purchase.
Ans 3. Trilive apartments come with private balconies, coworking spaces, rooftop lounges, gyms, mini theatres, and panoramic city views, designed to cater to the lifestyle preferences of urban millennials.
Ans 4. Each Trilive studio apartment is priced at ₹70 lakh.
Ans 5. Trilive offers a 6% rental yield, assured rental income, zero vacancy concerns, hassle-free maintenance, and a 9-year lease commitment through its partnership with Housr, making it an attractive option for investors.
Ans 6. Tribeca Developers is the licensed partner of the Trump Organization in India. They have collaborated on multiple projects, including Trump-branded residential and commercial developments.
Ans 7. Housr, a leading co-living operator in India, manages Trilive properties, providing assured rental income, maintenance services, and eliminating vacancy concerns for investors.
Ans 8. Trilive offers a 6% rental yield, significantly higher than the 2–4% average yield in India’s residential real estate market.
Ans 9. India’s metro cities have nearly 10 million single millennials employed in corporate jobs. These professionals prefer renting compact, well-designed spaces that align with their modern lifestyle, but the supply of such studio apartments is critically low.
Ans 10. Tribeca Developers plans to expand its collaboration with the Trump Organization by launching the Trump World Center Pune, India’s first Trump-branded commercial office tower, spanning 1.6 million sq ft.