Mumbai
Mulund West maintains its status as a premium residential hub, with property prices showing steady appreciation across recent quarters. The market is defined by a deep inventory of ready-to-move apartments, while new construction keeps the supply pipeline active and attractive for modern buyers. Rental demand is robust, particularly for larger configurations, which provides investors with reliable yields. Government registration data confirms consistent transaction momentum, highlighting the area's sustained appeal among property seekers in the Mumbai Metropolitan Region.
As of September 2026, the average asking price in Mulund West stands at ₹29,150 per sq ft. This figure reflects an appreciation of 1.31% compared to the previous period, signaling a steady demand for residential properties in this locality.
The average asking price in Mulund West is currently ₹29,150 per sq ft, which is notably higher than the Government Registration Rate of ₹19,100 per sq ft as of September 2026. This gap between the market-driven asking price and the government-benchmarked registration rate is a common observation in established residential hubs, reflecting the premium buyers are willing to pay for current market amenities and location value.
The property market in Mulund West has shown a resilient trajectory, with the location rate moving from ₹28,700 per sq ft in December 2025 to ₹29,200 per sq ft by September 2026. This upward movement across the quarters indicates sustained buyer interest and consistent market activity in the area.
Property prices in Mulund West are segmented by project status, with Ready To Move units averaging ₹24,500 per sq ft (which has appreciated by 2.3% over the comparison period) and Under Construction projects averaging ₹28,150 per sq ft (reflecting a significant appreciation of 11.93%). Additionally, New Launch projects are priced at ₹25,400 per sq ft, having appreciated by 8.2% compared to the previous period, while Partially Ready To Move projects command a higher average of ₹30,600 per sq ft, showing an appreciation of 1.53%.
Konark Karia Builders leads the market in Mulund West with 6 recorded transactions, followed by Kateeleshwari Developers with 3 transactions. Other active developers contributing to the local real estate landscape include Nahar Group, Tridev Constructions, and RDC Ventures, each recording 2 transactions, alongside Yug Developers and Labh Enterprises.
The average rental yield in Mulund West is 3.46% as of September 2026, with an average rental rate of ₹84 per sq ft. This yield provides a useful benchmark for investors to assess the potential annual income return relative to the capital invested in property, especially when considered alongside the current average sale price of ₹29,150 per sq ft.
Rental rates in Mulund West vary significantly by configuration, with 1 BHK apartments averaging ₹34,500 per month and 2 BHK units at ₹55,850 per month as of September 2026. For larger requirements, 3 BHK units average ₹84,150 per month, 4 BHK units reach ₹1.11 Lakh per month, and 6 BHK properties command approximately ₹2.33 Lakh per month, catering to a diverse range of tenant profiles from young professionals to large families.
Premium projects in Mulund West include Piramal Revanta Tower 3 and 4, which leads with a rental rate of ₹101 per sq ft, having appreciated by 4.12% over the comparison period. Other top-tier rental projects include Piramal Revanta S Class Homes at ₹99 per sq ft (stable) and The Wadhwa Atmosphere at ₹93 per sq ft, which has seen a notable appreciation of 10.71%.
Rental rates in Mulund West are highest for shops at ₹200 per sq ft, though this has seen a depreciation of 12.76% compared to the previous period. Office spaces follow at ₹150 per sq ft, showing an appreciation of 7.81%, while residential apartments maintain a stable average rental rate of ₹100 per sq ft.
Buyers should use the Mulund West property rates data to compare the current average asking price of ₹29,150 per sq ft against their budget and the project status that best fits their timeline. By observing the price appreciation in segments like Under Construction (11.93%) versus Ready To Move (2.3%), buyers can better understand whether they are paying a premium for immediate possession or investing in future value growth.
