K Raheja Corp's residential arm has taken its Mumbai portfolio into the eastern suburb of Mulund West with K Mulund West, developed on a land parcel the group acquired directly on Lal Bahadur Shastri Marg in the Asha Nagar pocket of the locality. K Raheja Group acquired a 3.7-acre land parcel in Mulund West, Mumbai, for ₹130 crore to develop a premium residential project. The deal was one in a series of eastern-suburb land buys by the group in recent years, and it placed a name synonymous with South Mumbai and Powai luxury housing squarely into one of the city's fastest-repricing mid-premium corridors.
The acquisition was not an isolated move. The Mulund West deal marks another large acquisition by the group in eastern Mumbai, following an earlier 2023 development agreement with Cinevista for a 3.91-acre land parcel in Kanjurmarg valued at ₹78.35 crore. Read together, these transactions show a developer that has been deliberately assembling land along the LBS Marg-Eastern Express Highway corridor, at a time when large contiguous parcels are increasingly scarce in the city's central and southern precincts.
K Raheja Corp's presence in Mulund West is best understood against the scale of the parent group. Founded in 1956 by Chandru Raheja, K Raheja Corp was formed after a split between Raheja brothers as a separate group. Today it operates across commercial real estate, residential housing, hospitality, retail and REITs, and is a property developer in India with interests in commercial and residential projects, malls and hospitality, owning brands such as Mindspace, Commerzone, Crossword Bookstores and Shoppers Stop, and is the second largest commercial developer in India.
On the residential side specifically, the group has been expanding aggressively in recent years. K Raheja Corp is prioritizing the aggressive growth of its residential property business, with 30-40 projects underway in Mumbai and Pune across premium, luxury, and ultra-luxury segments. That pipeline has made the residential division a serious force in the city's sales rankings: the residential business is already among the top five developers in Mumbai in terms of sales, with K Raheja Corp selling property worth Rs 9,636 crore between FY21-25, compared to Rs 23,993 crore for Macrotech Developers and Rs 22,011 crore for Oberoi Realty over the same period. The group's residential arm, K Raheja Corp Homes, carries a track record built over decades: K Raheja Corp Homes has honed the expertise to deliver self-contained residential spaces over the last four decades, with a portfolio spread across five cities and iconic Mumbai projects including Raheja Vivarea and Raheja Artesia.
Mulund West is not the group's first foray into Mumbai's eastern suburbs. K Raheja Corp's older Powai development, Raheja Vihar, is a large established community a short distance down the same LBS Marg-Eastern Express Highway spine: more than 3,000 families stay in this gated community, nestled between the lake on the north and the Andheri-Ghatkopar corridor on the south, with Hiranandani Gardens to the east. That project also drew institutional interest over the years, with corporates like IL&FS, LIC, Union Bank and Shipping Corporation of India preferring to purchase commercial and residential spaces at Raheja Vihar. The Kanjurmarg acquisition and now the Mulund West parcel extend that eastern-corridor footprint further north, tracking the same LBS Marg alignment that the city's newest metro line is being built along.
The site's location on LBS Marg places it directly on the corridor that is reshaping Mulund's connectivity map. Metro Line 4 is a 32.32 km elevated corridor connecting Wadala to Kasarvadavali, giving Mulund a direct link to the city's critical commercial districts without the unpredictability of road traffic or the crush of local trains. The alignment runs close to home: Mumbai Metro Line 4 runs along the LBS Marg and Eastern Express Highway alignment, with the relevant Mulund stations being Mulund Fire Station, Mulund Naka, and Sonapur on the Mulund-Bhandup border. Once operational, the line connects to the wider Mumbai metro grid, letting a resident travel to the airport via Line 3/Line 1 or west to Andheri via Line 6.
Road infrastructure is moving in parallel. The Goregaon-Mulund Link Road aims to connect the Western Express Highway at Goregaon with the Eastern Express Highway at Mulund, projected to cut travel time between Goregaon and Mulund from roughly 75 minutes to just 25 minutes. Existing road connectivity is already established: Mulund West is accessible through LBS Marg and the Eastern Express Highway, with the Mulund-Airoli Bridge making Navi Mumbai easily accessible from this area.
Unlike a frontier micro-market, Mulund West arrives with its social infrastructure already in place. The locality hosts a number of highly advanced healthcare facilities such as Fortis Hospital, Aditi Hospital, Upasani Super Speciality Hospital, and Apex Hospital. On education, Mulund West is home to reputed institutions including V.G. Vaze College and Mulund College of Commerce, alongside schools of international repute such as Billabong High International School, JBCN International School, and NES International School. Retail and leisure needs are similarly served, with malls, cinemas and dining clustered around the LBS Marg stretch, and the suburb's proximity to Sanjay Gandhi National Park gives it a green buffer uncommon this close to the city's commercial core.
Pricing in the micro-market reflects this maturity and the infrastructure pipeline layered on top of it. Independent market trackers put the average asking price for Mulund West at approximately ₹28,785 per sq ft in mid-2026, up from ₹27,669 per sq ft in September 2025, while other analyses note Mulund and Thane offering 3BHK flats near metro corridors at ₹22,000-32,000 per sq ft, supported by larger layouts and steady demand. Employment proximity underpins much of this demand, since the locality sits close to employment hubs such as Vikhroli, Powai, BKC and Andheri, all reachable via the same LBS Marg-EEH network that runs past the K Mulund West site.
For a buyer evaluating K Mulund West, the proposition rests on two overlapping strengths: a developer with an institutional-grade residential and commercial track record stretching back to 1956, and a locality where metro and road infrastructure investment is compressing commute times to the city's established job centres. The 3.7-acre scale of the parcel is large by Mulund West standards, where land assembly of this size has become increasingly rare, giving K Raheja Corp room to plan the kind of low-density, amenity-led layout the group has built its residential reputation on elsewhere in the city.
