Property rates in Matunga East average ₹50,800 per sq ft, reflecting a steady upward trajectory in recent quarters. The residential market remains robust, with high-end projects like Godrej Five Gardens setting premium benchmarks. Investors are finding value in a rental market that achieves a yield of 3.59%, supported by diverse apartment configurations. This combination of capital appreciation and consistent rental demand positions the locality as a premier residential destination in Mumbai.
Insights for Matunga East, Mumbai Real Estate Market Overview
Matunga East continues to solidify its reputation as a high-value residential hub in Mumbai, with property prices showing consistent growth through late 2026. The market features a balanced mix of ready-to-move and under-construction inventory, allowing buyers to align their purchases with specific possession timelines. Rental performance remains a key highlight, offering an average yield of 3.59% and a wide range of configurations from studio units to expansive 4 BHK apartments. Recent registration activity points to sustained interest from homebuyers, while top-tier developers like Orient Aviations and Endemic Realtors continue to drive development quality.
Average property rates have climbed to ₹50,800 per sq ft, marking a sustained interest in the area.
Rental yields reach 3.59%, providing a strong incentive for investors seeking consistent income.
Ready-to-move projects are priced at an average of ₹43,150 per sq ft, offering immediate value for residents.
Premium developments such as Godrej Five Gardens and Kesar Horizon command prices exceeding ₹60,000 per sq ft.
The rental market spans a broad spectrum, with 1 BHK units averaging ₹64,900 per month and 4 BHK units reaching ₹3 Lakh per month.
Market Strengths
Strong capital appreciation trend with rates rising from ₹48,700 to ₹52,200 per sq ft over four quarters.
High rental demand for larger units, with 4 BHK apartments commanding up to ₹3 Lakh per month.
Diverse property status mix allowing for flexible investment strategies between ready and under-construction units.
Premium project segment led by Godrej Five Gardens, reinforcing the locality's luxury appeal.
Steady rental market with an average rate of ₹152 per sq ft, supported by a 2.01% annual increase.
Market Challenges
New launch projects have seen a slight price decline of -1.31%, suggesting a more cautious market entry for this category.
Well-occupied property segments have experienced a price correction of -15.88%, indicating a shift in valuation for older inventory.
Investment Opportunities
Rental yield of 3.59% offers a stable income stream for long-term investors.
The 1 BHK segment provides an entry-level rental opportunity at an average of ₹64,900 per month.
Ready-to-move inventory at ₹43,150 per sq ft presents a lower entry cost compared to new launches.
Under-construction projects show a 4.42% growth, indicating potential for capital appreciation before possession.
Price Trend
Matunga East, Mumbai Property Price Trends and Appreciation
Market data shows a consistent upward trend for Matunga East, with rates rising from ₹48,700 per sq ft in December 2025 to ₹52,200 per sq ft by September 2026. This appreciation highlights growing demand for residential space in the area. The micromarket has similarly tracked this growth, moving from ₹46,350 per sq ft to ₹40,950 per sq ft over the same period, signaling a strong and resilient real estate environment.
Matunga East commands a premium position within the Mumbai landscape, with average rates hovering around ₹50,800 per sq ft. Nearby, Shivaji Park maintains a higher price point at ₹55,850 per sq ft, reflecting its status as an exclusive enclave. In contrast, areas like Wadala offer more accessible entry points, with rates averaging ₹36,950 per sq ft. These variations allow buyers to navigate the regional market based on their specific budget and lifestyle requirements.
Matunga East's real estate market offers premium residential apartments that currently average ₹52,200 per sq ft, marking a positive growth of 2.76%. This segment remains the primary focus for buyers looking for quality living spaces in the heart of the city. The consistency in pricing across the apartment category reflects stable demand and long-term value retention for investors and homeowners alike.
The Matunga East market offers properties across various development stages, catering to different buyer timelines and risk appetites. Ready-to-move inventory is priced at an average of ₹43,150 per sq ft, showing a growth of 3.65% and appealing to those seeking immediate occupancy. Meanwhile, under-construction projects are available at ₹48,800 per sq ft, reflecting a 4.42% increase as these developments advance toward completion.
Project & Developer Insights
Top Residential Projects and Developers in Matunga East
Top Projectsin Matunga East
JP Codename Matunga Origins is the top project in Matunga East with prices from ₹ 2.94 Cr to 4.23 Cr.
JP Codename Matunga Origins
₹ 2.93 Cr - ₹ 4.23 Cr
Mumbai South, Mumbai
Lodha Signet
₹ 2.25 Cr - ₹ 4.66 Cr
Mumbai South, Mumbai
Lodha Divino
₹ 4.44 Cr - ₹ 22.48 Cr
Mumbai South, Mumbai
Godrej Five Gardens
₹ 12.3 Cr - ₹ 13.14 Cr
Mumbai South, Mumbai
Godrej Trilogy
₹ 18.88 Cr - ₹ 29.95 Cr
Mumbai South, Mumbai
LnT Island Cove
₹ 3.40 Cr - ₹ 6.34 Cr
Mumbai South, Mumbai
Piramal Mahalaxmi
₹ 5.45 Cr - ₹ 14.03 Cr
Mumbai South, Mumbai
Runwal Timeless
₹ 1.59 Cr - ₹ 3.5 Cr
Mumbai South, Mumbai
Kalpataru Azuro
₹ 45 Cr - ₹ 71.98 Cr
Mumbai South, Mumbai
Lodha Malabar
Price On Request
Mumbai South, Mumbai
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New Launch
Under Construction
Ready to Move
Top Developersin Mumbai
Lodha leads in Mumbai with 112 projects and 46 years of experience.
Premium residential developments in Matunga East are commanding significant asking prices, reflecting their luxury positioning and prime location. Godrej Five Gardens leads the segment at ₹64,850 per sq ft, setting a high-value benchmark. Kesar Horizon follows closely at ₹60,150 per sq ft, showing a sharp increase of 50.34%, while Sarav Darshan is priced at ₹59,550 per sq ft with a 48.83% rise. These top-tier developments represent the aspirational segment of the local market.
Top projects in Matunga East, such as Kesar Horizon and Gurukul CHS Matunga, lead the rental market with rates of ₹160 and ₹155 per sq ft respectively. Other notable developments like Earth Building and JP Hari Mangal Manor follow closely, maintaining consistent rental demand. These projects set the standard for premium rentals in the area, often outperforming the local average.
The Matunga East development landscape is shaped by active builders who are driving consistent transaction volumes. Orient Aviations leads the current list, followed by Endemic Realtors and Tangent Enterprises. These developers are instrumental in maintaining the pace of property registrations in the area, showcasing their brand reliability among local buyers.
Government Registrations
Government Registration in Matunga East, Mumbai
Official registration data for the period of November 2025 to October 2026 highlights active interest in the area, with 1 transaction recorded at a gross value of ₹2 Cr. Developer activity during this timeframe was driven by firms including Orient Aviations, Endemic Realtors, and Tangent Enterprises, each contributing to the market's transaction volume. This activity underscores the steady, albeit selective, nature of high-value property acquisitions in Matunga East.
Sales Transactions1
Gross Sales Value₹ 2 Cr
Recent Registered Transactions
Recent Registered Transactions in Matunga East
Recent registration data highlights a steady market with 1 recorded transaction valued at ₹2 Cr, reflecting active buyer interest in the locality.
Date
Floor/Unit
Tower/Wing
Area
Value
Rate/Sq.Ft.
2026-05-22
Floor 9, Unit 902
N/A
492 Sq.Ft.
Rental Trends
Rental Trends and Average Rent in Matunga East, Mumbai
Rental rates in Matunga East vary significantly by unit size, with 1 BHK apartments averaging ₹64,900 per month. Those seeking more space can opt for 2 BHK units at ₹1.19 Lakh, 3 BHK units at ₹1.95 Lakh, or expansive 4 BHK homes at ₹3 Lakh per month. Studio apartments remain a niche option, with an average monthly rent of ₹27,650. Rental rates in the immediate vicinity of Matunga East are highly competitive, with Matunga and Matunga West both averaging ₹150 per sq ft. Wadala and Dadar East also command ₹150 per sq ft, with the latter showing a strong annual increase of 3.68%. More affordable rental options are found in GTB Nagar and Sion East, where rates hover around ₹100 per sq ft. The rental market is dominated by apartments, which average ₹150 per sq ft, while specialized office spaces command a premium at ₹350 per sq ft. This clear distinction in pricing allows for varied investment strategies depending on the property type. Despite slight fluctuations in the apartment segment, demand remains consistent across both categories. Top projects in Matunga East, such as Kesar Horizon and Gurukul CHS Matunga, lead the rental market with rates of ₹160 and ₹155 per sq ft respectively. Other notable developments like Earth Building and JP Hari Mangal Manor follow closely, maintaining consistent rental demand. These projects set the standard for premium rentals in the area, often outperforming the local average.
Rental rates in Matunga East vary significantly by unit size, with 1 BHK apartments averaging ₹64,900 per month. Those seeking more space can opt for 2 BHK units at ₹1.19 Lakh, 3 BHK units at ₹1.95 Lakh, or expansive 4 BHK homes at ₹3 Lakh per month. Studio apartments remain a niche option, with an average monthly rent of ₹27,650.
Rental rates in the immediate vicinity of Matunga East are highly competitive, with Matunga and Matunga West both averaging ₹150 per sq ft. Wadala and Dadar East also command ₹150 per sq ft, with the latter showing a strong annual increase of 3.68%. More affordable rental options are found in GTB Nagar and Sion East, where rates hover around ₹100 per sq ft.
The rental market is dominated by apartments, which average ₹150 per sq ft, while specialized office spaces command a premium at ₹350 per sq ft. This clear distinction in pricing allows for varied investment strategies depending on the property type. Despite slight fluctuations in the apartment segment, demand remains consistent across both categories.
Frequently Asked Questions About Property Rates in Matunga East, Mumbai
What is the current average asking price in Matunga East?
As of September 2026, the average asking price in Matunga East is ₹50,800 per sq ft. This figure reflects a market that has appreciated by 3.42% compared to the previous period, indicating sustained demand for residential properties in this premium locality.
How have property prices in Matunga East trended over the last year?
Property prices in Matunga East have shown a steady upward trajectory throughout 2026. Data from September 2026 shows the location rate at ₹52,200 per sq ft, rising from ₹50,800 per sq ft in June 2026 and ₹49,100 per sq ft in March 2026, demonstrating consistent growth compared to the ₹48,700 per sq ft recorded in December 2025.
How do property prices in Matunga East compare to nearby areas?
Matunga East maintains a premium position compared to several surrounding neighbourhoods. While Matunga East averages ₹50,800 per sq ft, nearby areas like Wadala East and Wadala show lower average rates of ₹33,050 per sq ft and ₹36,950 per sq ft, respectively. Conversely, Shivaji Park commands a higher average rate of ₹55,850 per sq ft, reflecting the diverse pricing landscape within this part of Mumbai.
What is the price difference between Ready To Move and Under Construction properties in Matunga East?
As of September 2026, Ready To Move properties in Matunga East are priced at an average of ₹43,150 per sq ft, having appreciated by 3.65% over the observed period. In comparison, Under Construction projects are currently averaging ₹48,800 per sq ft, which represents an appreciation of 4.42% compared to the previous period, suggesting that newer inventory is currently positioned at a higher price point than the established ready-to-move stock.
What is the average rental rate and rental yield in Matunga East?
As of September 2026, the average rental rate in Matunga East is ₹152 per sq ft, which has appreciated by 2.01% compared to the previous period. The locality currently offers a rental yield of 3.59%, providing investors with a clear metric to evaluate the income potential of their residential assets relative to the capital investment required for property acquisition.
How does the monthly rent vary by BHK configuration in Matunga East?
Rental rates in Matunga East scale significantly based on the unit size, catering to a wide range of tenant profiles. As of September 2026, a Studio apartment averages ₹27,650 per month, while 1 BHK units average ₹64,900 per month. Larger configurations command higher premiums, with 2 BHK units at ₹1.19 Lakh, 3 BHK units at ₹1.95 Lakh, and 4 BHK units reaching an average of ₹3 Lakh per month.
Which projects in Matunga East command the highest rental rates?
Several premium projects in Matunga East lead the rental market, with Kesar Horizon currently commanding the highest rate at ₹160 per sq ft as of September 2026. Other top-tier rental projects include Gurukul CHS Matunga at ₹155 per sq ft and Earth Building at ₹154 per sq ft, the latter of which has seen a notable appreciation of 32.76% compared to the previous period.
What does the transaction activity of developers like Orient Aviations and Tangent Enterprises signal?
The presence of developers such as Orient Aviations, Endemic Realtors, and Tangent Enterprises in the transaction data highlights the active participation of these firms in the Matunga East market. Each of these developers recorded 1 transaction in the latest tracking period, indicating a market with diverse developer activity where individual project performance often drives local market sentiment.
How do rental rates for apartments compare to office spaces in Matunga East?
There is a distinct difference in rental pricing between residential and commercial segments in Matunga East. As of September 2026, office spaces command a significantly higher average rental rate of ₹350 per sq ft, which has remained stable with 0% change. In contrast, apartments have an average rental rate of ₹150 per sq ft, which has seen a minor depreciation of 0.66% compared to the previous period.
