Property Rates in Matunga, Mumbai 2026

Property prices in Matunga have shown a fluctuating trajectory throughout the first half of 2026. Data shows the location rate moved from ₹49,250 per sq ft in December 2025 to ₹48,950 per sq ft in March 2026, before rising to ₹52,300 per sq ft by June 2026. This recent upward movement suggests a recovery in demand for residential properties in the area.

Property prices in the vicinity of Matunga vary significantly, with Dadar West commanding the highest average at ₹57,200 per sq ft, which has appreciated by 3.19% compared to the prior period. Conversely, areas like Sion East offer a more accessible entry point at ₹29,850 per sq ft, having seen a notable appreciation of 8.56%. Other nearby areas include Shivaji Park at ₹56,100 per sq ft (depreciating by 4.92%) and Wadala at ₹37,250 per sq ft (appreciating by 2.52%).

As of June 2026, ready-to-move properties in Matunga are priced at an average of ₹41,050 per sq ft, having appreciated by 5.92% over the observed period. In comparison, under-construction projects are priced slightly higher at ₹41,450 per sq ft, reflecting a 1.78% appreciation. New launch projects currently command a premium at ₹41,700 per sq ft, showing a strong appreciation of 10.26%.

The average rental yield in Matunga stands at 3.92% as of June 2026. This yield represents the annual rental income relative to the property's capital value, providing investors with a benchmark to evaluate the income-generating potential of their residential assets in this premium locality.

Rental rates in Matunga scale according to the size of the unit, with studios averaging ₹27,650 per month as of June 2026. For larger configurations, 1 BHK apartments average ₹67,850 per month, 2 BHK units reach ₹1.15 Lakh per month, 3 BHK units command ₹2.25 Lakh per month, and 4 BHK residences average ₹3.33 Lakh per month. These figures help tenants and investors understand the monthly cash flow expectations for various apartment sizes.

As of June 2026, The Wadhwa W54 leads the market with a rental rate of ₹209 per sq ft, maintaining price stability with a 0% change. Other premium rental projects include Hubtown Harmony at ₹193 per sq ft (which has seen a significant appreciation of 39.86%), Surya Tower Apartment at ₹162 per sq ft, and West View Heights Apartment at ₹160 per sq ft. These projects are positioned at the top of the rental market due to their specific amenities and location advantages within Matunga.

Rental rates across the Matunga area are largely consistent at ₹150 per sq ft for many neighbourhoods, including Matunga East, Matunga West, Dadar East, and Wadala. However, some areas show distinct trends; for instance, Wadala West has seen an appreciation of 8.66% to reach ₹150 per sq ft, while GTB Nagar offers a more affordable rental rate of ₹100 per sq ft, which has appreciated by 6.52%.

As of June 2026, the highest listing rates in Matunga are found in Shreeji Heights and Aksee Shreeji Heights, both priced at ₹64,150 per sq ft, representing a substantial appreciation of 36.89%. The Wadhwa W54 follows with a listing rate of ₹61,100 per sq ft, showing a slight depreciation of 2.17%. These high-value projects reflect the premium nature of the Matunga real estate market.

Buyers should use this data to benchmark current asking prices against historical trends and compare different project statuses. For example, noting that ready-to-move properties are priced at ₹41,050 per sq ft (with a 5.92% appreciation) versus new launches at ₹41,700 per sq ft (with a 10.26% appreciation) helps in assessing whether to prioritize immediate possession or the potential growth associated with newer developments. Always consider the specific appreciation or depreciation trends when evaluating the long-term investment viability of a project.