Property rates in Mulund West average ₹28,800 per sq ft, reflecting a steady growth trajectory in this prominent Mumbai suburb. The area maintains a strong rental appeal with a healthy yield of 3.42%, supported by a mix of established residential apartments and high-value projects. With registration rates averaging ₹19,100 per sq ft, the market demonstrates a clear preference for premium residential developments, drawing consistent interest from both end-users and investors seeking long-term value.
Insights for Mulund West, Mumbai Real Estate Market Overview
Mulund West represents a mature real estate landscape in Mumbai, characterized by a mix of luxury high-rises and established residential projects that continue to attract steady demand. Recent price trends show a positive shift, with rates climbing from ₹27,650 per sq ft in September 2025 to ₹29,250 per sq ft by June 2026. The rental market is equally active, providing a competitive yield of 3.42% for landlords, while the government registration data highlights a robust transaction volume of 730 units. Developers like Konark Karia Builders and Ashwin Sheth Group remain key contributors, ensuring a consistent supply of premium residential inventory across the locality.
Property rates have appreciated from ₹27,650 per sq ft to ₹29,250 per sq ft over the last four quarters.
The current average rental rate stands at ₹82 per sq ft, with 4 BHK units commanding rents around ₹1.03 Lakh per month.
Ready-to-move projects are currently priced at an average of ₹23,950 per sq ft, offering immediate possession benefits.
Government registration data accounts for 730 transactions totaling ₹1,179 Cr within the recent period.
Premium developments such as Sheth Montana Phase 4 lead the high-value segment with significant price growth.
Market Strengths
The rental yield of 3.42% remains a strong indicator of the area's investment viability.
Partially ready-to-move properties have shown strong price growth of 9.49%.
Under construction projects show a healthy price increase of 3.56%.
New launch projects are attracting interest with a 4.73% price growth.
Well-occupied properties maintain a stable pricing at ₹24,100 per sq ft.
Market Challenges
Mid-stage projects have seen a price correction of -2.5%, indicating a cooling demand in that specific segment.
Rental rates for shops have experienced a significant decline of -25.69%.
Rental income for properties in Mulund East has seen a downward shift of -24.55%.
Investment Opportunities
Residential apartments offer a competitive average price of ₹29,250 per sq ft with steady growth.
The 3.42% rental yield provides a viable income stream for property owners in the region.
Under construction projects at ₹25,150 per sq ft allow for potential capital appreciation upon completion.
Office space investments at ₹33,550 per sq ft cater to the growing demand for commercial infrastructure.
Price Trend
Mulund West, Mumbai Property Price Trends and Appreciation
The Mulund West market has experienced a consistent upward trend in property rates over the past year. Prices moved from ₹27,650 per sq ft in September 2025 to ₹28,700 per sq ft by the end of that year. This growth continued into 2026, reaching ₹28,800 per sq ft in the first quarter and rising further to ₹29,250 per sq ft by June 2026.
Real estate valuations across the Mulund West vicinity show diverse pricing depending on the specific micro-location. Mulund East averages ₹26,100 per sq ft, while nearby Nahur West stands at ₹21,800 per sq ft. Other pockets such as Bhandup East command higher rates at ₹29,200 per sq ft, reflecting the premium nature of the surrounding central suburban belt.
Mulund West provides a balanced selection of property types to suit various investment needs. Apartments represent the core of the residential market, averaging ₹29,250 per sq ft with a positive growth of 1.65%. Office spaces are priced at a premium, averaging ₹33,550 per sq ft and reflecting the area's increasing commercial viability.
The market offers a wide range of properties categorized by their construction status. Ready To Move units are priced at ₹23,950 per sq ft, while Under Construction projects are available at ₹25,150 per sq ft. Partially Ready To Move properties command a higher premium, reaching ₹30,150 per sq ft, providing options for buyers with different possession timelines.
Project & Developer Insights
Top Residential Projects and Developers in Mulund West
Top Projectsin Mulund West
Runwal Pinnacle is the top project in Mulund West with prices from ₹ 1.39 Cr to 3.04 Cr.
Runwal Pinnacle
₹ 1.39 Cr - ₹ 3.03 Cr
Mumbai Central Suburbs, Mumbai
The Prestige City
₹ 2.40 Cr - ₹ 5.4 Cr
Mumbai Central Suburbs, Mumbai
Prestige Bellanza
Price On Request
Mumbai Central Suburbs, Mumbai
Prestige Trade Centre
Price On Request
Mumbai Central Suburbs, Mumbai
Kalpataru Summit
₹ 2.01 Cr - ₹ 4.05 Cr
Mumbai Central Suburbs, Mumbai
Runwal The Sanctuary
₹ 2.15 Cr - ₹ 3.3 Cr
Mumbai Central Suburbs, Mumbai
Kalpataru Elitus
₹ 1.59 Cr - ₹ 4.44 Cr
Mumbai Central Suburbs, Mumbai
L And T Rejuve 360
₹ 1.98 Cr - ₹ 4.25 Cr
Mumbai Central Suburbs, Mumbai
Piramal Revanta
₹ 1.52 Cr - ₹ 4.61 Cr
Mumbai Central Suburbs, Mumbai
Nirmal City Of Joy
₹ 2.8 Cr - ₹ 3.70 Cr
Mumbai Central Suburbs, Mumbai
View More
New Launch
Under Construction
Ready to Move
Top Developersin Mumbai
Kalpataru leads in Mumbai with 84 projects and 50 years of experience.
Premium residential developments in Mulund West set the benchmark for luxury living in the area. Sunder Villa Apartment leads the segment with an asking rate of ₹35,400 per sq ft, closely followed by Sheth Montana Phase 4 at ₹34,300 per sq ft. Other notable projects like Ashford Vikas Paradise and Runwal Anthurium maintain high valuations, ranging between ₹32,000 and ₹33,250 per sq ft, catering to the aspirational buyer segment.
Premium projects define the rental market, with Piramal Revanta Tower 3 and 4 leading at ₹101 per sq ft. The Wadhwa Atmosphere shows significant rental growth of 10.71%, with rates at ₹93 per sq ft. Other projects like Piramal Revanta S Class Homes and Runwal Pride maintain stable rental rates around ₹92 to ₹99 per sq ft.
The development landscape in Mulund West is driven by a group of highly active builders. Konark Karia Builders stands out with 8 recorded transactions, leading the local market in terms of volume. They are joined by Swaraj Homes and Ashwin Sheth Group, who have each secured 3 transactions, demonstrating their significant influence on the area's residential growth.
Government Registrations
Government Registration in Mulund West, Mumbai
Official registration records show that Mulund West handled 730 property transactions between September 2025 and August 2026. These deals amounted to a gross value of ₹1,179 Cr, with an average registered rate of ₹19,400 per sq ft. Konark Karia Builders emerged as a top developer by volume, recording 8 transactions during this period, indicating strong buyer confidence in their projects.
Sales Transactions730
Gross Sales Value₹ 1,179 Cr
Registered Rate₹ 19,400/Sq.Ft
Rental Trends
Rental Trends and Average Rent in Mulund West, Mumbai
Rental rates vary significantly based on unit size, with 1 BHK apartments averaging ₹34,000 per month. Larger 2 BHK units are rented at ₹56,500 per month, while 3 BHK configurations reach ₹81,850 per month. For those seeking expansive living, 4 BHK and 6 BHK apartments are available at ₹1.03 Lakh and ₹2.33 Lakh per month, respectively. Rental performance across the locality is diverse, with Mahim West commanding the highest average at ₹200 per sq ft, reflecting a 33.57% growth. Other areas like P&T Staff Colony and Nahur Gaothan remain steady at ₹100 per sq ft. Conversely, locations like Salpa Devi Pada and Ghati Pada offer more affordable rental options at ₹50 per sq ft. Rental rates for different property categories show distinct trends. Apartments are the most common rental option, averaging ₹100 per sq ft with a 2.44% increase. Office spaces command a higher rate of ₹150 per sq ft, showing strong growth of 12.61%, while shops are available at ₹250 per sq ft despite a recent market correction. Premium projects define the rental market, with Piramal Revanta Tower 3 and 4 leading at ₹101 per sq ft. The Wadhwa Atmosphere shows significant rental growth of 10.71%, with rates at ₹93 per sq ft. Other projects like Piramal Revanta S Class Homes and Runwal Pride maintain stable rental rates around ₹92 to ₹99 per sq ft.
Rental rates vary significantly based on unit size, with 1 BHK apartments averaging ₹34,000 per month. Larger 2 BHK units are rented at ₹56,500 per month, while 3 BHK configurations reach ₹81,850 per month. For those seeking expansive living, 4 BHK and 6 BHK apartments are available at ₹1.03 Lakh and ₹2.33 Lakh per month, respectively.
Rental performance across the locality is diverse, with Mahim West commanding the highest average at ₹200 per sq ft, reflecting a 33.57% growth. Other areas like P&T Staff Colony and Nahur Gaothan remain steady at ₹100 per sq ft. Conversely, locations like Salpa Devi Pada and Ghati Pada offer more affordable rental options at ₹50 per sq ft.
Rental rates for different property categories show distinct trends. Apartments are the most common rental option, averaging ₹100 per sq ft with a 2.44% increase. Office spaces command a higher rate of ₹150 per sq ft, showing strong growth of 12.61%, while shops are available at ₹250 per sq ft despite a recent market correction.
Frequently Asked Questions About Property Rates in Mulund West, Mumbai
What is the current average asking price in Mulund West as of June 2026?
As of June 2026, the average asking price in Mulund West stands at ₹28,800 per sq ft. This figure reflects a stable market, having appreciated by 0.29% compared to the previous period. This marginal growth indicates a steady demand for residential properties in this established suburb of Mumbai.
How have property prices in Mulund West trended over the last year?
Property prices in Mulund West have shown a consistent upward trajectory from September 2025 to June 2026. The location rate grew from ₹27,650 per sq ft in September 2025 to ₹29,250 per sq ft by June 2026, signaling sustained buyer interest and confidence in the locality's long-term value.
How does the average asking price in Mulund West compare to the Government Registration Rate?
The average asking price in Mulund West is currently ₹28,800 per sq ft, which sits notably higher than the Government Registration Rate of ₹19,100 per sq ft as of June 2026. This gap is common in mature, high-demand markets where market-driven valuations often exceed government-mandated benchmarks used for stamp duty and registration purposes.
What is the price difference between ready-to-move and under-construction properties in Mulund West?
As of June 2026, ready-to-move properties in Mulund West command an average price of ₹23,950 per sq ft, having appreciated by 2.45% over the observed period. In contrast, under-construction projects are priced at an average of ₹25,150 per sq ft, showing a stronger appreciation of 3.56% during the same timeframe, which reflects the premium buyers are willing to pay for modern amenities and newer construction standards.
What is the average rental yield in Mulund West, and what does it imply for investors?
The average rental yield in Mulund West is 3.42% as of June 2026. This yield represents the annual rental income relative to the property's purchase price, serving as a key metric for investors to evaluate the income-generating potential of their real estate assets in the area alongside potential capital appreciation.
How do rental rates vary by BHK configuration in Mulund West?
Rental rates in Mulund West scale according to the size of the unit, with 1 BHK apartments averaging ₹34,000 per month, 2 BHK units at ₹56,500 per month, and 3 BHK units at ₹81,850 per month as of June 2026. Larger configurations like 4 BHK and 6 BHK units command significantly higher premiums, reaching ₹1.03 Lakh and ₹2.33 Lakh per month respectively, catering to different tenant profiles ranging from young professionals to large families.
Which projects in Mulund West command the highest rental rates?
As of June 2026, premium projects in Mulund West such as Piramal Revanta Tower 3 and 4 lead the rental market at ₹101 per sq ft, followed by Piramal Revanta S Class Homes at ₹99 per sq ft and The Wadhwa Atmosphere at ₹93 per sq ft. The Wadhwa Atmosphere has seen a notable rental appreciation of 10.71%, highlighting its growing desirability among tenants in the region.
Which developers have the highest transaction activity in Mulund West?
Konark Karia Builders leads the market in transaction volume with 8 recorded transactions, followed by Swaraj Homes and Ashwin Sheth Group, each with 3 transactions as of June 2026. This activity level suggests that these developers have established a strong presence and buyer trust within the Mulund West residential market.
How do property prices for apartments compare to office spaces in Mulund West?
As of June 2026, office spaces in Mulund West are priced at an average of ₹33,550 per sq ft, having appreciated by 1.31%, while apartments are priced at ₹29,250 per sq ft, showing an appreciation of 1.65%. The higher rate for office spaces reflects the premium associated with commercial real estate in this well-connected suburban hub.
How should a buyer interpret the price trends in Mulund West?
Buyers should view the consistent price growth in Mulund West—where the location rate rose from ₹27,650 per sq ft in September 2025 to ₹29,250 per sq ft in June 2026—as a sign of a resilient and maturing market. While price appreciation is a positive signal for existing owners, prospective buyers should focus on project-specific value, as rates vary significantly between ready-to-move and under-construction segments.
