Mulund, often dubbed the “Prince of Suburbs,” has emerged as a vibrant real estate destination in Mumbai. With its strategic location, robust infrastructure, and a blend of affordability and luxury, Mulund appeals to both homebuyers and investors. This comprehensive analysis, curated for GharInsight.com, delves into the current market dynamics, property rates based on the official Ready Reckoner rates, and key localities shaping Mulund’s real estate landscape.
📈 Market Overview: Growth Trajectory and Investment Potential
Mulund’s real estate sector has witnessed consistent growth over the past few years. According to data from 99acres, property rates in Mulund have appreciated by 1.9% in the last year, 10.6% over three years, and 11.5% over five years. This upward trend underscores Mulund’s resilience and attractiveness as an investment destination.
The suburb’s appeal is further enhanced by its excellent connectivity, green surroundings, and a range of housing options catering to diverse budgets. As highlighted by Sunny Developers, Mulund offers a safe and profitable investment environment, with well-developed infrastructure and proximity to workplaces.
💸 Property Rates: Ready Reckoner Rates in Mulund
The Ready Reckoner rates, officially published by the Maharashtra government’s Department of Registration and Stamps, provide standardized property valuations for stamp duty calculations. As per the 2025 Ready Reckoner rates for Mulund, the following are the rates per square meter for built-up areas: Source – Indextap
| Zone/Subzone | Landmark Description | Residential (₹/sq.m) | Office (₹/sq.m) | Shop (₹/sq.m) |
|---|---|---|---|---|
| 123/569 | Lal Bahadur Shastri Marg | 123,700 | 136,400 | 216,500 |
| 123/566 | West side of L.B.S. Marg | 113,700 | 123,100 | 151,700 |
| 123/567 | Between L.B.S. Marg and Railway Line | 105,300 | 141,100 | 176,500 |
| 123/568 | North part of L.B.S. Marg, bounded by Thane Municipal Corporation limits | 109,000 | 125,800 | 157,900 |
Note: These rates are for built-up areas and are subject to change. For the most accurate and up-to-date rates, refer to the official IGR Maharashtra website.Housing
🏙️ Emerging & Popular Locations Fueling Mulund’s Real Estate Boom
Mulund is evolving with a mix of traditional high-demand zones and new infrastructure-driven growth pockets. Key areas shaping buyer interest in 2025 include:
🚧 1. Goregaon-Mulund Link Road (GMLR)
This ambitious east-west corridor is set to transform Mulund’s connectivity. Once complete, it will reduce commute time to the western suburbs drastically. Developers are already eyeing parcels around the Mulund end of GMLR, anticipating a sharp increase in property demand and value.
- Why it’s hot: Direct access to western suburbs, future commercial activity.
- Ideal for: Investors with a 3-5 year horizon, buyers looking for long-term value.
🚇 2. LBS Road – Near Proposed Metro Line 4 (Wadala–Kasarvadavali)
The proposed Metro Line 4 will pass through Mulund and drastically improve connectivity to Thane, Ghatkopar, and South Mumbai. Properties along LBS Marg, especially near proposed metro stations, are already witnessing a surge in inquiries.
- Why it’s hot: Likely capital appreciation as metro construction progresses.
- Ideal for: Professionals working in central/western Mumbai, rental investors.
🌆 3. Mulund East – Station Vicinity & Eastern Express Highway Access
Mulund East continues to attract demand due to its proximity to the railway station and direct access to the Eastern Express Highway. It’s well-developed, with schools, hospitals, and retail, making it a favorite among families.
- Why it’s hot: Established social infrastructure, strong resale market.
- Ideal for: End-users looking for connectivity and livability.
🌿 4. Yogi Hills & Surroundings
A serene residential zone with lush greenery, Yogi Hills has become the go-to micro-market for premium 2 & 3 BHK buyers. Many new projects offer unobstructed views of Sanjay Gandhi National Park.
- Why it’s hot: Scenic views, peaceful environment, luxury project supply.
- Ideal for: Families, senior citizens, and luxury segment buyers.
🛒 5. Nirmal Lifestyle Zone – Commercial + Residential Growth
Once centered around the Nirmal Lifestyle Mall, this area has evolved into a mixed-use hub with premium high-rises, supermarkets, and entertainment zones.
- Why it’s hot: Self-sustained ecosystem, good rental returns.
- Ideal for: Young professionals, NRIs, and those seeking a walk-to-everything lifestyle.
These areas not only offer quality housing options but also boast excellent connectivity and infrastructure, contributing to their rising demand.
🏗️ Noteworthy Residential Projects: Elevating Mulund’s Skyline
Mulund’s skyline is being reshaped by several prominent residential projects:
- Piramal Revanta: Spanning 12 acres, this project offers 1, 2, and 3 BHK apartments with panoramic views of the Sanjay Gandhi National Park.
- Prestige City Bellanza: Located amidst the Yogi Hills, it features spacious 2 and 3 BHK apartments designed for optimal ventilation and natural light.
- Runwal Pinnacle: One of Mulund’s tallest towers, offering luxurious amenities like a rooftop lounge and meditation room.
- L&T Rejuve 360: Focused on wellness, this project includes features like indoor badminton courts and a state-of-the-art gymnasium.
- Runwal Sanctuary: Offers a range of 2 to 5 BHK apartments with luxurious interiors and amenities like a rooftop swimming pool.
- Om Sai Complex: Developed by Sai Realtors, this under-construction project in Mulund West offers 2 and 3 BHK apartments ranging from 585 to 996 sq.ft. carpet area. Spanning 2.52 acres, the complex comprises 285 units and boasts over 30 lifestyle amenities, including a rooftop sky lounge, infinity pool, yoga zone, and mini-golf. Strategically located near LBS Road, the upcoming Metro Line 4, and the Goregaon-Mulund Link Road (GMLR), it ensures excellent connectivity.
These projects cater to the evolving preferences of buyers seeking modern, spacious, and amenity-rich homes.
🚆 Infrastructure and Connectivity: Enhancing Mulund’s Accessibility
Mulund’s strategic location ensures excellent connectivity:
- Eastern Express Highway: Provides seamless access to various parts of Mumbai.
- LBS Marg: A vital arterial road connecting Mulund to neighboring suburbs.
- Mulund Railway Station: Facilitates easy commuting via the Central Line.
Additionally, ongoing infrastructure projects are set to further enhance Mulund’s connectivity, making it even more attractive to potential buyers.
🏡 Buyer Preferences: Shift Towards Spacious Living
Recent trends indicate a growing preference for larger homes. According to Knight Frank India, apartments measuring 1,000–2,000 sq ft accounted for 14% of all registrations in November 2024, up from 8% the previous year. This shift reflects buyers’ desire for more spacious living environments, a trend that Mulund’s residential projects are well-positioned to accommodate.
🔮 Conclusion: Mulund’s Promising Real Estate Future
Mulund’s real estate market is characterized by steady growth, diverse housing options, and robust infrastructure. Its blend of affordability and luxury, coupled with excellent connectivity, positions it as a prime destination for both homebuyers and investors.
