Mumbai
Mulund West maintains a robust real estate profile, characterized by steady price growth and high demand for both residential and commercial spaces. The market has seen consistent transaction activity, with registration rates hovering around ₹19,100 per sq ft, reflecting a stable environment for buyers and investors alike. Rental demand remains strong, particularly for 2 BHK and 3 BHK apartments, which command monthly rents of ₹55,850 and ₹84,150 respectively. Developers like Konark Karia Builders are leading the transaction landscape, underscoring the area's ongoing development momentum.
As of September 2026, the average asking price in Mulund West is ₹29,150 per sq ft. This figure reflects a market appreciation of 1.31% compared to previous periods, indicating steady demand for residential properties in this locality.
The average asking price in Mulund West stands at ₹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-notified rate is a common observation in established residential hubs, reflecting the premium buyers are willing to pay for amenities, location, and project quality.
The property market in Mulund West has shown a resilient trajectory, with the average asking price 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 signals sustained buyer interest and a stable investment environment in the locality.
As of September 2026, property prices in Mulund West vary significantly by project status. Ready To Move projects are priced at an average of ₹24,500 per sq ft, having appreciated by 2.3% from previous periods, while Under Construction projects command a higher average of ₹28,150 per sq ft, which has seen a significant appreciation of 11.93%. This trend suggests that buyers are currently placing a premium on newer, under-construction inventory.
Konark Karia Builders leads the market in Mulund West with 6 recorded transactions, followed by Kateeleshwari Developers with 3 transactions. Other active developers in the region include Nahar Group, Tridev Constructions, and RDC Ventures, each contributing to the local real estate market's liquidity as of September 2026.
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 benchmark for investors to evaluate the income-generating potential of their properties relative to the capital investment required for purchasing units in the area.
Rental rates in Mulund West scale according to unit size, with 1 BHK apartments averaging ₹34,500 per month, 2 BHK units at ₹55,850 per month, and 3 BHK units at ₹84,150 per month as of September 2026. For larger configurations, 4 BHK and 6 BHK units command average monthly rents of ₹1.11 Lakh and ₹2.33 Lakh, respectively, catering to a diverse tenant profile ranging from young professionals to large families.
As of September 2026, premium projects such as Piramal Revanta Tower 3 and 4 lead the rental market with a rate of ₹101 per sq ft, having appreciated by 4.12%. Other notable projects with high rental demand include Piramal Revanta S Class Homes at ₹99 per sq ft and The Wadhwa Atmosphere at ₹93 per sq ft, which has seen a strong 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% as of September 2026. 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 with no change recorded over the period.
Buyers should use the data to identify price positioning across different project stages and compare them against the Government Registration Rate of ₹19,100 per sq ft to gauge market premiums. By reviewing the quarterly price trends and top-performing projects, investors can better understand whether the current market in Mulund West aligns with their long-term capital appreciation or rental income goals as of September 2026.
