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Tribeca Launches Rental Housing Portal
Mint Bangalore
|April 08, 2025
It plans to sell the first 300 studio apartments at a 6% rental yield to investors with a nine-year lease in Mumbai's Marol
Tribeca Developers, the real estate partner of the Trump Organization in India, has launched Trilive, a rental housing development platform, and will launch its first project in Mumbai.
Tribeca has partnered co-living operator Housr to cater to the demand for rental homes of millennials and single individuals across the top cities.
For its first project, Trilive has bought 650 studio apartments in suburban Marol from Mumbai-based Starwing Group.
In this project, it plans to sell the first 300 studio apartments at a targeted 6% rental yield to investors with a nine-year lease from Housr, which is higher than the prevalent 2-4% yields in the residential sector. The 300 studio units, of around 200 sq. ft, are priced at 70 lakh each. The remaining units will be leased to potential tenants.
यह कहानी Mint Bangalore के April 08, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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