Mumbai
Mulund West maintains a dynamic real estate landscape characterized by consistent price appreciation and high transaction volumes. Current market data shows an average asking price of ₹28,800 per sq ft for apartments, while government registrations confirm a stable market with 1515 transactions totaling ₹2,612 Cr. Rental demand remains strong, with a yield of 3.42% and diverse options ranging from 1 BHK to 6 BHK units. The developer ecosystem is highly active, with major players like Nirmal and Ajmera driving significant project completions and new launches.
As of March 2026, the average asking price in Mulund West stands at ₹28,800 per sq ft. This figure reflects a marginal appreciation of 0.29% compared to the previous quarter, indicating a stable and resilient demand for residential properties in this locality.
The average asking price in Mulund West is ₹28,800 per sq ft, which is significantly higher than the Government Registration Rate of ₹19,550 per sq ft. This gap between the market-driven asking price and the government-notified rate is a common trend in established residential hubs, reflecting the premium value placed on amenities, location, and project quality by buyers.
Property prices in Mulund West have shown a steady upward trajectory over the last year. Starting from ₹28,300 per sq ft in June 2025, the rates moved to ₹27,650 in September 2025, before rising to ₹28,700 in December 2025 and reaching ₹28,800 per sq ft as of March 2026. This consistent movement suggests sustained interest from both end-users and investors looking for long-term value in the central suburbs.
Mulund West currently offers a rental yield of 3.42% as of March 2026, which provides a steady income stream for property owners. With an average rental rate of ₹82 per sq ft, which saw a minor depreciation of 1.2% from the previous period, the yield remains a key metric for investors to evaluate the income-generating potential of their assets relative to the current capital investment required for property acquisition.
Rental rates in Mulund West vary significantly by unit size, catering to a diverse tenant base. As of March 2026, the average monthly rent for a 1 BHK is ₹36,750, while 2 BHK units average ₹56,350. Larger configurations command higher premiums, with 3 BHK units at ₹87,350, 4 BHK units at ₹97,550, and 6 BHK units reaching ₹2.33 Lakh per month. This range allows tenants to choose properties based on their space requirements and budget.
As of March 2026, premium projects like Piramal Revanta Tower 3 and 4 lead the rental market in Mulund West with a rate of ₹101 per sq ft, showing an appreciation of 4.12% over the comparison period. Other top-performing projects include Piramal Revanta S Class Homes at ₹99 per sq ft and The Wadhwa Atmosphere at ₹93 per sq ft, the latter of which saw a notable appreciation of 10.71%. These projects are favored by tenants for their modern infrastructure and prime location.
As of March 2026, Ready To Move properties in Mulund West are priced at an average of ₹24,000 per sq ft, having appreciated by 2.56% compared to the previous period. In contrast, Under Construction projects are priced at ₹25,050 per sq ft, reflecting a 3.18% appreciation. This price difference highlights that buyers are often willing to pay a premium for newer, under-construction developments that offer modern layouts and contemporary amenities.
Nirmal leads the market in terms of transaction volume with 8 recorded deals, followed by Ajmera with 6 transactions and The Wadhwa Group with 5 transactions as of March 2026. Other prominent developers with 4 transactions each include Damji Shamji Shah Group, Shraddha Landmark, Chheda Group Mumbai, Kateeleshwari Developers, and A and O Realty. This high level of activity across these developers underscores the strong market presence and buyer trust in these specific brands.
Buyers should use the property rate data for Mulund West as a benchmark to assess the fair market value of their potential purchase. By comparing the average asking price of ₹28,800 per sq ft against the specific rates of projects like Runwal Anthurium (₹33,150 per sq ft) or Sheth Montana (₹30,400 per sq ft), buyers can determine if a property is priced competitively. Always consider the project status and recent appreciation trends, such as the 0.29% increase observed up to March 2026, to make an informed investment decision.
Yes, property rates vary across the vicinity of Mulund West. For instance, while the broader Mulund West average is ₹28,800 per sq ft, nearby areas like Mulund East offer rates around ₹26,100 per sq ft (which appreciated by 2.91%), and Bhandup East is at ₹29,200 per sq ft (which appreciated by 4.43%). These variations as of March 2026 help buyers identify which specific pockets align best with their budget and investment goals.
