Oberoi Realty Limited is a Mumbai-based developer founded in 1998 by Vikas Oberoi, with its best-known residential work concentrated in the city's western suburbs and in Worli. In Mulund, the developer's tracked project is Oberoi Ralliwolf Mulund, located in the northeastern suburb that is generally regarded as the point where Mumbai city ends. For a buyer, Mulund offers a different proposition from the company's south and central Mumbai addresses: a larger residential base, a mix of homes and commercial activity, and a set of transport links that are being upgraded over the next few years.
Public listings describe Ralliwolf simply as being in Mulund, Mumbai. The wider locality is split into Mulund West, Mulund East and Mulund Colony, which carry the PIN codes 400080, 400081 and 400082. Mulund West is the side with the older residential core and is closer to the Mulund station and the Mulund Toll Naka junction, while Mulund East is closer to the Eastern Express Highway and the Mulund-Airoli link. Buyers choosing an Oberoi Realty address here should confirm the exact side of the suburb when they look at the project, because the commute pattern differs between the two.
Across Mulund, average flat rates were about Rs 28,650 per sq ft as of August 2026, with the broader locality rates rising 5.1 per cent over one year and 10.8 per cent over three years. Registered transactions in Mulund average around Rs 21,886 per sq ft, a gap that reflects the difference between asking rates and what buyers close at. Mulund West shows a higher registered average of about Rs 24,037 per sq ft, and resale asking rates in Mulund West were reported at about Rs 30,000 per sq ft carpet as of 21 October 2026.
| Indicator (as of 2026) | Figure |
|---|---|
| Mulund average flat rate, Aug 2026 | About Rs 28,650 per sq ft |
| Mulund West resale asking, 21 Oct 2026 | About Rs 30,000 per sq ft carpet |
| Mulund West 2 BHK resale range, 21 Oct 2026 | Rs 1.80 Cr to Rs 2.70 Cr, typical Rs 2.20 Cr |
| Mulund West 2 BHK rent, 21 Oct 2026 | Rs 55,000 to Rs 90,000 a month, typical Rs 65,000 |
| Mulund West rental yield, 10 Sep 2026 | 3.46 per cent a year |
The locality figures above give the reference band for the area.
The largest change in the coming years is the Metro Line 4, a 32.3 km corridor from Wadala to Kasarvadavali that will run along the Eastern Express Highway and LBS Road and pass through Ghatkopar, Bhandup, Mulund and Teen Hath Naka. Planned Mulund stations include Dr Hedgewar Chowk near the GMLR and Sonapur junction, Mulund Fire Station near the Johnson & Johnson campus, and Maharana Pratap Chowk near R-Mall. Metro Line 5 runs about 1.4 km from the Mulund West site.
The Goregaon-Mulund Link Road will connect the Western Express Highway at Goregaon with the Eastern Express Highway at Mulund. The corridor is 12.20 km long, with a 4.7 km tunnel under construction, and the combined timeline for the road and its tunnel stretches to July 2029. Within Mulund East, the BMC's housing scheme around the Kelkar College area will add 7,531 flats, with around 1,000 ready by August 2026 and the full project expected by March 2029.
Schools in the locality include DAV International School, St. Mary's Convent High School, NES International School, NEXT School, Sharon English High School and the commerce-focused Friends Co-operative Education Society School. Higher education options include V G Vaze College of Arts, Science and Commerce and Mulund College of Commerce.
Healthcare is anchored by Fortis Hospital, Platinum Hospital, Upasani Super Speciality and the Lotus Multi-Speciality Clinic, along with Hira Mongi Navneet Hospital. Shopping centres include R-Mall, Nirmal Lifestyle on LBS Road, and the upscale Korum and Viviana malls within about 5 km. For open space, Johnson & Johnson Park and Lala Tulshiram Garden sit within the suburb, and the Yogi Hills link Mulund to Borivali National Park. Marathon Millennium, a commercial tower on LBS Road, adds office space close to the metro corridor.
Residents of Mulund East describe the suburb as safe, clean and family-oriented, with good public transport, easy cab and auto availability and markets within walking distance. Commute friction is concentrated on LBS Marg and at the Mulund Toll Naka junction during peak hours, and construction on the metro corridor has added to traffic on LBS Marg in recent years. Water supply is reported as adequate in Mulund East, while residents of Mulund West have noted lower pressure in summer months. Buyers choosing an Oberoi Realty project here should look at the specific street, the water and power arrangements of the building, and the timing of the metro and GMLR works against their own commute.
Mulund's new supply spans a wide price range. Runwal Sanctuary has a possession date of July 2028 with prices between Rs 1.82 Cr and Rs 3.08 Cr, Kalpataru Elitus is listed for September 2028 at Rs 2.88 Cr to Rs 7.06 Cr, and Atul Life Phase 1 for December 2030 at Rs 1.74 Cr to Rs 2.58 Cr. Marathon's Zaver Arcade and Sunset Gardens cover studio to 2 BHK homes from around Rs 58 lakh upward. These figures give a reference band for how Ralliwolf will be positioned once its pricing is published.