Mumbai
The real estate market in Mulund West showcases a robust balance between established residential communities and new growth. Recent data indicates a consistent rise in property rates, with the current asking price averaging ₹29,150 per sq ft. Rental activity remains equally dynamic, offering a yield of 3.46% that attracts consistent interest from investors. Registration trends further confirm this momentum, with significant transaction volumes recorded over the past year. Developers such as Konark Karia Builders are actively shaping the local landscape through multiple successful projects.
As of June 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 established suburb of Mumbai.
The average asking price in Mulund West is currently ₹29,150 per sq ft, which sits notably above the Government Registration Rate of ₹19,100 per sq ft as of June 2026. This gap between the market-driven asking price and the official registration rate is a common observation in high-demand urban localities, reflecting the premium buyers are willing to pay for current market value over base government benchmarks.
Property rates in Mulund West have shown a consistent upward trajectory over the last year. As of June 2026, the location rate reached ₹29,150 per sq ft, up from ₹28,800 per sq ft in March 2026, ₹28,700 per sq ft in December 2025, and ₹27,650 per sq ft in September 2025. This steady quarter-over-quarter growth indicates sustained investor confidence and robust end-user demand in the area.
As of June 2026, ready-to-move projects in Mulund West are priced at an average of ₹24,500 per sq ft, having appreciated by 2.3% over the observed period. In contrast, under-construction projects command a higher average of ₹28,150 per sq ft, which has seen a significant appreciation of 11.93%. This pricing structure suggests that buyers are increasingly investing in newer, modern inventory, which is driving up the valuation of under-construction developments compared to older, ready-to-move stock.
The average rental yield in Mulund West is 3.46% as of June 2026, with an average rental rate of ₹84 per sq ft. This yield represents the annual return an investor can expect from rental income relative to the capital invested in a property. A yield of 3.46% in a well-connected locality like Mulund West is a key metric for investors to weigh against the current average sale price of ₹29,150 per sq ft when evaluating long-term income potential.
Rental rates in Mulund West scale significantly with unit size, reflecting diverse tenant needs. As of June 2026, 1 BHK apartments rent for an average of ₹34,150 per month, while 2 BHK units average ₹56,000 per month. Larger configurations command higher premiums, with 3 BHK units at ₹84,200 per month, 4 BHK units at ₹1.03 Lakh per month, and 6 BHK units reaching ₹2.33 Lakh per month. This range provides options for both budget-conscious tenants and those seeking luxury living spaces.
Premium rental projects in Mulund West are led by Piramal Revanta Tower 3 and 4, which commands ₹101 per sq ft as of June 2026, reflecting an appreciation of 4.12%. Other top-tier projects include Piramal Revanta S Class Homes at ₹99 per sq ft and The Wadhwa Atmosphere at ₹93 per sq ft, which has seen a notable appreciation of 10.71%. These projects are highly sought after, as evidenced by their position at the top of the local rental market.
Rental rates vary significantly across the vicinity of Mulund West. As of June 2026, areas like Nahur command ₹100 per sq ft, reflecting an appreciation of 11.54%, while other pockets like Asha Nagar and Salpa Devi Pada see rates around ₹50 per sq ft. The variance in these rates, such as the 36.36% appreciation seen in Mahim West (reaching ₹200 per sq ft), highlights how proximity to transit hubs and local infrastructure directly influences rental demand and pricing.
Konark Karia Builders leads the market in Mulund West with 8 recorded transactions, as of the data period ending June 2026. Other prominent developers with notable transaction activity include Swaraj Homes and Ashwin Sheth Group, each with 3 transactions, followed by A and O Realty and RDC Ventures with 2 transactions each. This concentration of activity among a few key developers indicates a preference for established brands among buyers in the locality.
As of June 2026, office spaces in Mulund West are priced at an average of ₹33,400 per sq ft, having appreciated by 0.83%. Apartments, which form the bulk of the residential market, are priced at an average of ₹29,150 per sq ft, showing an appreciation of 1.31%. The higher price point for office spaces reflects the premium commanded by commercial real estate in this well-connected suburban hub.
