Property Rates in Mulund West, Mumbai

The Mulund West real estate market in Mumbai is currently experiencing a period of steady activity, marked by a healthy average asking price of ₹28,766 per sq ft. Analysis of quarterly price trends reveals some volatility, with rates peaking at ₹28,755 per sq ft in March 2025, dipping to ₹27,669 per sq ft by September 2025, and then recovering to ₹28,702 per sq ft by December 2025, suggesting resilience and buyer interest. Comparing Mulund West with its neighbors, it maintains a competitive stance; while Mahim West commands significantly higher rates at ₹50,439 per sq ft, Mulund West is notably higher than Mulund East (₹25,814 per sq ft) and Nahur West (₹21,794 per sq ft). In terms of property types, office spaces lead the pricing at an average of ₹31,605 per sq ft, despite a slight decline of 4.68%. Apartments, the dominant residential segment, are stably priced at ₹28,766 per sq ft with a marginal positive change of 0.22%. The market offers a diverse range of property statuses, with Ready To Move units comprising the largest inventory (591 units) at ₹23,503 per sq ft, while Under Construction projects, though fewer (85 units), show a positive price change of 2.13% at ₹24,577 per sq ft. Top projects like Sheth Montana and Piramal Revanta are driving transaction volumes, reflecting strong buyer preference. Government registration data highlights a vibrant market with 2,209 transactions amounting to a gross value of ₹3,690 Cr between April 2025 and March 2026, with an average registered rate of ₹19,400 per sq ft. The developer landscape is robust, with Nirmal, Ashwin Sheth Group, and Runwal leading in transaction activity, underscoring their significant presence and trust among buyers.