Tribeca's Bold Bet on Andheri: A New Era for Mumbai Real Estate

Tribeca, the licensed partner of Trump Towers in India, is rewriting the rules of urban housing with its pioneering new project in Andheri, Mumbai. The developer recently launched Trilive, India’s first dedicated rental housing development platform, in collaboration with Starwing Group and luxury co-living operator Housr.

Located in Marol, the project introduces 650 fully managed studios designed for modern living—with private balconies, minimalist aesthetics, and premium amenities like coworking lounges, gyms, and rooftop theatres. Trilive aims to deliver strong rental yields to investors while offering unmatched convenience to residents.

Trilive isn’t just Mumbai’s first rental housing platform—it’s also a game-changing investment opportunity. With 650 studio apartments for sale in Andheri East, the project targets investors seeking steady rental yields of up to 6 percent, far above the city’s typical 2–4 percent. Backed by a 9-year lease with co-living operator Housr, Trilive guarantees hassle-free income, strong capital appreciation, and professionally managed, ready-to-move-in studios in one of Mumbai’s most connected and high-demand localities.

Once seen as a transit hub, Andheri has rapidly transformed into a prime residential destination in Mumbai’s Western suburbs. With a strategic location between business districts and the airport, excellent metro connectivity, and proximity to key infrastructure like the Western Express Highway, the suburb is now attracting homebuyers, investors, and top developers alike. In 2023, over 7,000 homes were sold here, contributing significantly to the 18,000 new housing units launched in the Western suburbs, according to ANAROCK Property Consultants.

JLL India’s Residential Market Update 2024 confirms the trend, with Andheri East and West accounting for more than 12,000 new units launched over the last two years. Leading developers such as Lodha, Sheth, Oberoi, Kanakia, and new entrants like Tribeca are all contributing to the supply of thoughtfully designed homes in the area.

Meanwhile, outside the city limits, Alibaug is emerging as a luxury housing hotspot, supported by infrastructure boosts like the Mumbai Trans Harbour Link (MTHL) and Ro-Ro ferry services. This coastal town is no longer just a weekend retreat but a serious second-home and investment destination.

Mohit Malhotra, Founder & CEO, Neoliv, said, “Alibaug is no longer just a weekend escape, it is fast emerging as Mumbai’s answer to the Hamptons. Enhanced connectivity through the Mumbai Trans Harbour Link (MTHL) and Ro-Ro ferry services has transformed this coastal town into a high-demand real estate destination. What was once a quiet retreat is now a thriving hotspot for luxury living and investment. The region is witnessing an unprecedented surge in demand, driven by ultra-luxury villas, premium plotted developments, and second homes. With its serene landscapes, pristine beaches, and close proximity to Mumbai, Alibaug is attracting high-net-worth individuals, celebrities, and investors looking for long-term value appreciation.”

He further added, “As the preference for open spaces, sustainable living, and private residences grows, Alibaug is becoming the go-to destination for those seeking an escape from the city's hustle while still staying well-connected. With infrastructure development on the rise and property values steadily appreciating, the town is poised to be the next big real estate goldmine, offering both lifestyle appeal and strong investment potential.”

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Apart from Andheri and Alibaug, other areas like Chembur, Wadala, Panvel, and Navi Mumbai are witnessing a surge in real estate activity. Infrastructure-led growth, such as the Eastern Freeway, Monorail, and Navi Mumbai International Airport, is transforming these locales into attractive investment options.