Why Mulund is a Sought-After Central Mumbai Address
Mulund sits at the northern edge of Central Mumbai, split into Mulund West and Mulund East by the Central Railway line. Long known as a quiet, tree-lined suburb, it has evolved into one of the city's most active redevelopment corridors, with new residential towers replacing ageing cooperative societies across both sides of the station.
The locality's biggest draw is its everyday convenience. R Mall is approx. 2.5 km away, and Fortis Hospital Mulund is approx. 2.5 km away, giving residents easy access to organised retail and multi-specialty healthcare without leaving the neighbourhood. Other landmarks such as Eternity Mall, PVR Cinemas, and the Johnson & Johnson Garden add to the area's liveability.
On pricing, Mulund remains a mid-to-premium micro-market within Central Mumbai. Average property rates per square feet in Mulund West stood around Rs 28,750 per sq ft, while average property rates in Mulund East stood around Rs 26,250 per sq ft. Values have held steady, with the average asking price rising from ₹27,669 per sq ft in September 2025 to ₹28,785 per sq ft by March 2026 in Mulund West, reflecting healthy end-user and investor demand.
This demand is backed by real transaction volume. Between April 2024 and March 2025, Mulund West recorded 1,891 new property sale transactions with a gross sales value of Rs 3,960 crore, with the property rate standing at ₹34,534 per square foot as of Q1 CY25. The suburb's redevelopment wave — anchored by large developers entering the market — is a key reason for this sustained buyer interest.
