Mumbai
Mulund West presents a dynamic real estate landscape characterized by consistent price appreciation and high transaction volumes. Current residential rates average ₹28,800 per sq ft, reflecting a positive growth trend throughout the last year. The rental market remains active, with a yield of 3.42% and a diverse range of unit configurations catering to various housing needs. Government registration data confirms significant market activity, with 1,200 transactions totaling over ₹2,000 Cr in the past year, highlighting strong buyer confidence in the region's long-term potential.
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 previous periods, indicating a stable and resilient real estate market in this locality.
Property prices in Mulund West have shown a consistent upward trajectory from June 2025 to March 2026. The location rate moved from ₹28,300 per sq ft in June 2025 to ₹27,650 in September 2025, before rising to ₹28,700 in December 2025 and reaching ₹28,800 per sq ft by March 2026, signaling sustained demand for residential assets in the area.
The average asking price in Mulund West is currently ₹28,800 per sq ft, while the Government Registration Rate is recorded at ₹19,550 per sq ft as of March 2026. This gap between the market-driven asking price and the government-notified rate is a key metric for buyers to consider when evaluating the total cost of acquisition and stamp duty implications.
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 earlier data. In contrast, Under Construction projects are priced at ₹25,050 per sq ft, which represents an appreciation of 3.18% over the same period, reflecting buyer confidence in newer developments.
Investors in Mulund West can currently expect a rental yield of 3.42% as of March 2026. This yield, derived from an average rental rate of ₹82 per sq ft, provides a baseline for evaluating the income potential of residential assets relative to the current sale asking price of ₹28,800 per sq ft.
Rental rates in Mulund West as of March 2026 show a clear progression based on unit size: 1 BHK apartments average ₹36,750 per month, 2 BHK units average ₹56,350 per month, 3 BHK units average ₹87,350 per month, and 4 BHK units average ₹97,550 per month. For larger requirements, 6 BHK apartments command an average of ₹2.33 Lakh per month, catering to diverse tenant needs ranging from individuals to large families.
As of March 2026, the premium rental market in Mulund West is led by projects like Piramal Revanta Tower 3 and 4 at ₹101 per sq ft, which has appreciated by 4.12%. Other notable high-rent 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 has seen a significant appreciation of 10.71%.
Property prices in Mulund West, at ₹28,800 per sq ft, are positioned competitively against surrounding areas as of March 2026. For instance, Mulund East averages ₹26,100 per sq ft (having appreciated by 2.91%), while Bhandup East is priced at ₹29,200 per sq ft (up by 4.43%). Meanwhile, Nahur West remains more accessible at ₹21,800 per sq ft, showing stable pricing with no change over the observed period.
Nirmal leads the market in Mulund West with 8 recorded transactions, followed by Ajmera with 6 transactions, and The Wadhwa Group with 5 transactions. Other prominent developers with 4 transactions each include Damji Shamji Shah Group, Shraddha Landmark, Chheda Group Mumbai, Kateeleshwari Developers, and A and O Realty, highlighting a diverse developer landscape in the locality.
As of March 2026, office spaces in Mulund West are priced at ₹33,100 per sq ft, reflecting a slight depreciation of 0.14%. In comparison, residential apartments are priced at ₹28,800 per sq ft, having appreciated by 0.29% over the same period, suggesting that the residential segment is currently experiencing more positive price momentum than the office sector.
Potential buyers should note that as of March 2026, there is a significant supply of Ready To Move units (581 units) priced at ₹24,000 per sq ft, which have appreciated by 2.56%. Conversely, Under Construction projects (74 units) at ₹25,050 per sq ft and New Launch projects (27 units) at ₹22,900 per sq ft offer different entry points and risk-reward profiles, with New Launch projects showing a 2.01% appreciation.
With 1,206 registered transactions totaling a gross value of ₹2,039 Cr between July 2025 and June 2026, Mulund West demonstrates robust market liquidity. This high volume of activity, supported by a registered rate of ₹19,400 per sq ft, indicates strong buyer interest and a healthy turnover of residential assets in the area.
