Mulund’s Real Estate Boom: How Infrastructure and Green Living Are Redefining Mumbai’s Central Gateway

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Mulund’s Real Estate Boom: Mumbai’s Central Gateway Reimagined

Once known as the quiet Gateway to Mumbai’s Central Suburbs, Mulund has now stepped confidently into the spotlight as one of Mumbai’s most promising real estate hotspots. Powered by massive infrastructure upgrades, the expansion of luxury housing, and its unique access to green spaces, Mulund is no longer a fringe location—it’s a strategic connector between the city’s Eastern and Western corridors, drawing attention from developers, homebuyers, and investors alike.

42% Jump in Property Values: A Market on the Move

Between 2021 and 2024, Mulund has witnessed a 42% rise in capital values, with rental yields climbing 29%. This surge is not just a coincidence—it is the direct outcome of well-timed infrastructure development, evolving buyer preferences, and the area’s ability to balance modern urban amenities with access to nature.

These numbers are backed by consistent growth in mid-income and premium housing demand, new mixed-use projects, and a wave of commercial activity led by co-working spaces, retail hubs, and healthcare facilities.

Strategic Infrastructure: The Foundation of Transformation

Mulund’s ascent is closely linked to ongoing and upcoming infrastructure projects, including:

- Metro Line 4 (Wadala to Kasarvadavali), enhancing North-South connectivity

- Metro Line 5 (Thane to Kalyan), linking eastern growth zones

- Goregaon-Mulund Link Road (GMLR), which will create a vital East-West corridor

- Improved access via the Eastern Express Highway

- Proximity to business hubs like Bandra-Kurla Complex (BKC), Thane, and Navi Mumbai

These upgrades make Mulund one of the most well-connected micro-markets in Mumbai, ideal for working professionals, families, and long-term investors seeking capital appreciation and livability.

From Low-Rise Calm to High-Rise Living

What was once a suburb dominated by low-rise, residential-only neighborhoods is now home to modern high-rises, gated communities, and mixed-use developments. The real estate profile has evolved dramatically, with developers responding to buyer demand for:

- Spacious layouts and premium finishes

- Community-centric amenities

- Smart-home features and sustainability

- Access to nature and leisure

This evolution reflects a deeper lifestyle shift, where homebuyers prioritize not just space but connectivity, health, and future-ready living.

Nature + Connectivity: A Rare Urban Balance

One of Mulund’s strongest selling points is its unique blend of green living and urban convenience. The suburb borders the Sanjay Gandhi National Park and boasts large green zones and open land parcels—luxuries in a city like Mumbai.

This access to nature complements Mulund’s modern infrastructure, offering a balanced lifestyle that appeals to young professionals, growing families, and retirees alike.

Premium Living on the Rise

According to Navin Makhija, MD of The Wadhwa Group, Mulund is emerging as a premium micro-market. He emphasizes how the availability of larger land parcels enables developers to create holistic communities, complete with:

- Clubhouses

- Fitness and wellness zones

- Sports and recreational areas

- Co-working lounges and concierge services

These features make Mulund an attractive option for aspirational homebuyers seeking more than just an apartment—they seek a lifestyle upgrade.

Developer Interest Signals Long-Term Confidence

Leading real estate players have aggressively expanded into Mulund, launching projects that emphasize:

- Sustainable architecture

- Integrated township models

- Smart community planning

- Premium amenities at competitive prices

This developer focus reflects confidence in the market’s stability and growth potential, especially with infrastructure nearing completion.

Changing Buyer Mindsets

Today’s homebuyer is more informed and selective than ever. In Mulund, buyers are choosing homes not just for square footage but for:

- Proximity to Metro and highways

- Integrated social infrastructure (schools, hospitals, malls)

- Walkability and open spaces

- Safety and gated security

According to Nishant Deshmukh, Founder and Managing Partner of Sugee Group, Mulund’s strategic location between the Eastern and Western corridors, paired with upcoming connectivity boosts, makes it a top choice for both mid-income and luxury buyers. He describes the area as offering a “rare combination of accessibility, aspiration, and affordability.”

Commercial Activity Adds to Demand

While residential demand has led the charge, commercial real estate in Mulund is not far behind. With new:

- Co-working spaces

- Retail formats

- Medical facilities

- Corporate expansion in nearby zones

the area is transitioning into a self-sustained hub, reducing the need for long commutes and creating a live-work-play environment that appeals to a new generation of professionals.

What’s Next for Mulund?

As major infrastructure projects like Metro Line 4, Line 5, and the GMLR inch closer to completion, real estate activity is expected to accelerate further. Property values are forecasted to maintain their upward trajectory, driven by:

- Increased end-user demand

- Rental interest from working professionals

- High livability index

- Improved connectivity to Mumbai’s key business zones

Conclusion: Mulund Is No Longer a Peripheral Player

From being a quiet suburb to becoming a centerpiece in Mumbai’s real estate resurgence, Mulund’s journey is a testament to strategic urban planning, timely infrastructure, and changing lifestyle needs.

With a 42% jump in capital values, rising luxury housing demand, and commercial vibrancy, Mulund is now firmly established as Mumbai’s Central Gateway—offering nature, connectivity, and elevated living in one cohesive package.