Mumbai
Mulund West maintains a robust real estate profile with average property rates hitting ₹29,150 per sq ft, reflecting sustained demand for quality housing and commercial space. The rental market is equally active, providing a steady rental yield of 3.46% with a broad range of options from 1 BHK to spacious 6 BHK configurations. Recent registration data confirms strong liquidity with 463 transactions totaling ₹649 Cr, underscoring the area's appeal to serious buyers and developers alike. Development activity remains high, with a healthy mix of ready-to-move and under-construction projects catering to varied possession timelines.
As of June 2026, the average asking price in Mulund West is ₹29,150 per sq ft. This figure reflects an appreciation of 1.31% compared to previous periods, indicating a steady demand for residential properties in this locality.
The current average asking price in Mulund West is ₹29,150 per sq ft, which sits significantly higher than the Government Registration Rate of ₹19,100 per sq ft as of June 2026. This gap between the market-driven asking price and the government-notified rate is a common observation in established residential hubs and is an important factor for buyers to consider when calculating total acquisition costs and stamp duty liabilities.
The price trend in Mulund West has shown a consistent upward trajectory, with the average asking price rising from ₹27,650 per sq ft in September 2025 to ₹29,150 per sq ft by June 2026. This steady growth over the last four quarters signals sustained buyer interest and confidence in the locality's real estate market.
As of June 2026, Ready To Move properties 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 notable appreciation of 11.93% compared to earlier data, reflecting strong demand for newer, modern residential inventory.
The average rental yield in Mulund West stands at 3.46% as of June 2026. This yield represents the annual rental income relative to the property value, serving as a key metric for investors evaluating the income-generating potential of residential assets in the area.
As of June 2026, rental rates in Mulund West vary significantly by unit size: 1 BHK apartments average ₹34,150 per month, 2 BHK units average ₹56,000 per month, and 3 BHK units average ₹84,200 per month. For larger configurations, 4 BHK apartments command approximately ₹1.03 Lakh per month, while 6 BHK units reach an average of ₹2.33 Lakh per month, catering to a diverse range of tenant requirements.
As of June 2026, premium rental projects in Mulund West include Piramal Revanta Tower 3 and 4 at ₹101 per sq ft (which appreciated by 4.12%), Piramal Revanta S Class Homes at ₹99 per sq ft, and The Wadhwa Atmosphere at ₹93 per sq ft (which appreciated by 10.71%). These projects rank among the top for rental rates, often due to their modern amenities and strategic positioning within the locality.
As of June 2026, apartments in Mulund West have an average rental rate of ₹100 per sq ft, showing an appreciation of 2.44% over the period. Meanwhile, shops command a higher average rental rate of ₹250 per sq ft, though they have experienced a depreciation of 25.69%, and office spaces average ₹150 per sq ft, having appreciated by 7.56%.
Konark Karia Builders leads the market in Mulund West with 8 recorded transactions, followed by Swaraj Homes and Ashwin Sheth Group, each with 3 transactions. Other active developers in the area include A and O Realty and RDC Ventures, each with 2 transactions, highlighting a mix of established and emerging players contributing to the local inventory.
As of June 2026, some of the highest-priced projects in Mulund West include Oberoi Enigma at ₹35,100 per sq ft (up 9.88%), Sheth Montana Phase 4 at ₹34,300 per sq ft, and Vikas Palazzo at ₹34,150 per sq ft (up 47.75%). These rates reflect the premium positioning of these developments within the local market.
Investors should look at the sustained appreciation in both Ready To Move and Under Construction segments, alongside the 3.46% rental yield, to gauge the balance between capital appreciation and rental income. By comparing the current average asking price of ₹29,150 per sq ft against the Government Registration Rate of ₹19,100 per sq ft, investors can better assess the premium they are paying for market-ready assets versus base government valuations.
Yes, property rates vary across the surrounding micromarkets. As of June 2026, Nahur commands an average rate of ₹31,450 per sq ft (up 9.93%), while Bhandup West is priced at ₹25,150 per sq ft (up 12.51%). These variations allow buyers to compare Mulund West's ₹29,150 per sq ft average against nearby options to find the best value based on their budget and connectivity needs.
