In Mumbai, the appetite for smaller homes that are suited for investment without compromising on quality is growing, and developers are beginning to take notice. Tribeca Developers, the licensed partner of the Trump Organization in India, plans to launch a new project of studio apartments in Andheri geared toward homebuyers and investors looking for quality products in this undersupplied segment.
The project, dubbed Trilive, is being created in collaboration with Starwing Group, and will be located in Marol, Andheri. It will consist of 650 studio residences, with a launch of 300 residences at a price point of around ₹70 lakh. The residences are marketed as being able to provide a rental yield of about 6%–significantly higher than the typical 2–4% yields in India's residential property market. The apartments will also have a 9-year lease from co-living company Housr to provide investors with stable cash flow from the apartments.
If you are considering other neighborhoods of Mumbai where you can look for similar studio or 1RK apartments in the ₹50–70 lakh range, here are five areas that deserve your attention:
1. Dahisar
Dahisar, located at the northern edge of Mumbai, provides some of the cheapest studio apartments located within the city. The price of a 1RK here typically ranges from ₹40 lakh to ₹55 lakh. Local real estate agents have said that while there hasn't been new supply of these kinds of units since 2012, the demand is still generally up. Current prices for newer buildings convey ₹20,000 to ₹25,000 per square foot, while rentals typically range from ₹14,000 to ₹18,000 per message.
2. Borivali
Borivali is another important suburb in western Mumbai that also has a studio market, particularly in older buildings. The average area of studio apartments is 200 to 300 sq ft. In the last 20 years, there has not been much new supply, but demand is still strong, particularly from single professionals and students. A local broker, Ashish Joshi, said that studio apartments in Borivali are straightforward to rent or resale, however newer luxury projects with studios are usually made into larger flats (Jodi flats) and do not have stand-alone studios. Residential prices in Borivali are in the range of ₹30,000 to ₹50,000 per sq ft and studio apartments rent for approximately ₹20,000 to ₹25,000 a month.
Also Read: Discover the Affordable Areas to Live in Mumbai
3. Andheri
Located in the center of Mumbai, Andheri boasts connectivity, commercial centers, and educational spots. While the area hasn't seen many newly developed studio apartment projects, brokers claim that 1RK is still a bit easier to find in Andheri, compared to South or Central Mumbai. Raj Vora, a local real estate consultant, mentioned that some studio apartments are being rented out on a shared basis at ₹25,000–₹30,000 per month each. Fully furnished units with kitchens are in high demand in particular. Property prices in Andheri are currently being listed in the range of ₹30,000 to ₹50,000 per sq ft.
4. Ghatkopar
Ghatkopar, found in eastern Mumbai, provides a combination of old and new homes. The average costs of studio apartments is likely to be in the region of ₹25,000 to ₹40,000 per sq ft, while rents will range from ₹15,000 to ₹20,000 per month. While this area is not specifically recognized for studio apartment projects, Ghatkopar remains an affordable option that is easy to get to for buyers seeking compact accommodation close to public transportation and employment.
5. Mulund
Located at the eastern outskirts of Mumbai, Mulund is an area which has a decent number of studio apartments especially in buildings built in the late 90s. Pricing in this area tends to be in the range of ₹20,000 to ₹35,000 per sq ft. Rental pricing for studio apartments is typically between ₹15,000 and ₹20,000 per month, which makes it an attractive proposition for investors and first-time home buyers.
Also Read: Trump Organization’s Indian Associate Tribeca Developers Reveals Mumbai Rental Housing Venture
Final Thoughts
Due to the limited availability of new supply (other than smaller, high-yield apartments) but an increased interest in spacious, high-yield apartments, Mumbai’s studio apartments are gaining prominence as an entry point into the residential real estate market. Developments such as Trilive in Andheri are, respectively, expected to be possible landmark developments with well-located, ready-to-rent unit, which have a guaranteed lease commitment.For anyone looking to invest in a compact home or simply looking for a city-based pied-à-terre, these five locations have several options available for a studio apartment ranging from ₹50–70 lakh.
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Ans 1. A studio apartment, also known as a 1RK (Room-Kitchen), is a compact home typically consisting of a single room with a kitchen and a separate bathroom. It’s ideal for singles, couples, or investors looking for rental income.
Ans 2. Yes, several areas in Mumbai, such as Andheri, Dahisar, Borivali, Ghatkopar, and Mulund, offer studio apartments in the ₹50–70 lakh range.
Ans 3. New projects like Trilive in Andheri offer rental returns as high as 6%, especially with long-term lease commitments from co-living operators like Housr.
Ans 4. Yes, studio apartments can be a smart investment due to rising demand, lower maintenance costs, and good rental yields—especially in well-connected areas.
Ans 5. Developers often focus on larger apartments due to higher profitability, resulting in limited new supply of studio units. However, demand remains strong, especially in the rental market.