Matunga, Mumbai, presents a dynamic real estate market with an average asking price of ₹48,957 per sq ft for apartments. While specific rental rates are not available for the overall location, the average rental rate across Matunga stands at ₹160 per sq ft, yielding approximately 3.92%. The market sees varied activity across different property statuses, with Ready To Move properties averaging ₹38,774 per sq ft and Under Construction projects at ₹40,733 per sq ft. Key sub-localities like Matunga East average ₹49,117 per sq ft, while Matunga West is priced at ₹48,971 per sq ft.
Matunga's property market is characterized by a current average asking price of ₹48,957 per sq ft for apartments. Looking at price trends, the market has shown fluctuations, with predictions for Mar 2026 at ₹48,957 per sq ft and Dec 2025 at ₹49,269 per sq ft. In terms of rental demand, apartments are fetching an average of ₹160 per sq ft with a rental yield of 3.92%. Breakdown by unit type reveals that Studio apartments average ₹35,250 per month, escalating to ₹57,667 for 1 BHK, ₹1.28 Lakh for 2 BHK, ₹2.58 Lakh for 3 BHK, and ₹3.33 Lakh for 4 BHK. Matunga East records an average rental rate of ₹149 per sq ft with a significant 11.19% year-on-year change, while Matunga West averages ₹168 per sq ft with a more modest 0.6% increase. Top projects in the rental segment include The Wadhwa W54 at ₹209 per sq ft, demonstrating a strong premium offering.
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The asking price for properties in Matunga has seen some quarterly shifts. Projections for March 2026 indicate an average rate of ₹48,957 per sq ft, a slight decrease from the predicted ₹49,269 per sq ft in December 2025. Earlier quarters in 2025 showed slightly higher rates, with June 2025 at ₹49,930 per sq ft and September 2025 at ₹49,115 per sq ft.
Apartments are the primary residential offering in Matunga, with an average asking price of ₹48,957 per sq ft. This segment has experienced a slight dip of -0.63% recently, suggesting a stable yet competitive market for apartment buyers.
Matunga's property market offers a diverse range of options across different construction stages. Ready To Move properties are available at an average of ₹38,774 per sq ft, showing a notable decrease of -8.27%. Under Construction projects are priced at ₹40,733 per sq ft, experiencing a -2.64% change. New Launch projects are priced at ₹37,834 per sq ft, indicating a 6.43% increase.
Matunga's real estate landscape is segmented into distinct micro-markets, each with its own pricing dynamics. Matunga East commands an average rate of ₹49,117 per sq ft, reflecting a positive 2.93% change. In contrast, Matunga West is priced slightly lower at ₹48,971 per sq ft, with a marginal decrease of -1.16%. Nearby areas like Dadar East average ₹46,180 per sq ft, while Shivaji Park offers properties at a higher ₹56,098 per sq ft, indicating a premium segment.
Premium residential projects in Matunga are setting high benchmarks for property values. The Wadhwa W54 leads with an asking rate of ₹62,478 per sq ft, showing a 7.61% increase, while Ruparel Bhuvan Apartment is priced at ₹61,207 per sq ft. Praman Splendour follows with ₹56,517 per sq ft, a significant 18.01% rise, indicating strong appreciation in these select developments.
Premium rental projects in Matunga include The Wadhwa W54, which commands a rental rate of ₹209 per sq ft with no change percentage reported. Hubtown Harmony shows a significant 39.86% increase, currently renting at ₹193 per sq ft. Surya Tower Apartment and West View Heights Apartment are both priced at ₹162 per sq ft and ₹160 per sq ft respectively, with no reported changes.
Renting an apartment in Matunga offers a range of options across different BHK configurations. Studio apartments are available for an average of ₹35,250 per month, while 1 BHK units command ₹57,667 per month. The demand increases significantly for larger spaces, with 2 BHKs averaging ₹1.28 Lakh per month, 3 BHKs at ₹2.58 Lakh per month, and spacious 4 BHKs reaching ₹3.33 Lakh per month.
Rental rates vary across Matunga's sub-localities. Matunga East averages ₹149 per sq ft with a substantial 11.19% year-on-year increase, indicating growing demand. Matunga West offers slightly higher rates at ₹168 per sq ft, with a more modest 0.6% rise. Other nearby areas like Dadar East show an average of ₹137 per sq ft with a 4.58% increase.
Apartments are the dominant property type in Matunga's rental market, averaging ₹160 per sq ft with a positive 8.11% year-on-year change. This indicates a steady demand and appreciation for apartment rentals within the locality.
As of March 2026, the average asking price in Matunga, Mumbai, stands at ₹48,957 per sq ft. This represents a slight depreciation of 0.63% from the previous period, indicating a minor correction in the market. The listing count for properties in Matunga was 40 as of March 2026.
Property prices in Matunga, Mumbai, have shown some fluctuation over the past year. From June 2025 to March 2026, the average location rate decreased from ₹49,930 per sq ft to ₹48,957 per sq ft. The micromarket rate within Matunga also saw a significant increase from ₹28,731 per sq ft in June 2025 to ₹46,372 per sq ft in March 2026, suggesting varied performance across sub-areas.
Property rates vary significantly across micromarkets near Matunga, Mumbai. As of March 2026, Shivaji Park recorded the highest average rate at ₹56,098 per sq ft, showing a depreciation of 1.5% from the previous period. In contrast, Sion East has a much lower average rate of ₹29,827 per sq ft, though it has appreciated by 4.02%. Matunga East averages ₹49,117 per sq ft with a 2.93% appreciation, while Matunga West is priced at ₹48,971 per sq ft, having depreciated by 1.16%.
As of March 2026, the average asking price for apartments in Matunga, Mumbai, is ₹48,957 per sq ft. This figure reflects a depreciation of 0.63% compared to the previous period. This indicates a slight softening in the apartment market within Matunga.
In Matunga, Mumbai, Ready To Move properties had an average price of ₹38,774 per sq ft as of March 2026, which represents a depreciation of 8.27%. Under Construction properties, on the other hand, were priced at an average of ₹40,733 per sq ft, showing a depreciation of 2.64%. This suggests that while both segments have seen price decreases, Ready To Move properties experienced a more significant drop.
Among projects in Matunga, Mumbai, The Wadhwa W54 has the highest listing rate at ₹62,478 per sq ft, appreciating by 7.61%. Ruparel Bhuvan Apartment is listed at ₹61,207 per sq ft with no change. Praman Splendour shows a significant appreciation of 18.01%, with a current rate of ₹56,517 per sq ft. Indumani Heights has also seen a substantial increase, appreciating by 33.02% to ₹53,782 per sq ft.
The average rental rate in Matunga, Mumbai, is ₹160 per sq ft as of March 2026. Investors can expect a rental yield of 3.92%. This yield indicates the annual return on investment based on rental income relative to property value, providing a measure of the income-generating potential for property owners in the area.
Rental rates in Matunga, Mumbai, vary significantly by BHK configuration. As of March 2026, Studio apartments command an average rent of ₹35,250 per month. This increases to ₹57,667 per month for 1 BHK, ₹1.28 Lakh per month for 2 BHK, ₹2.58 Lakh per month for 3 BHK, and ₹3.33 Lakh per month for 4 BHK apartments. This progression highlights the premium for larger living spaces.
Rental rates in Matunga, Mumbai, show variation across its micromarkets. Matunga West has the highest average rental rate at ₹168 per sq ft, with a slight appreciation of 0.6% as of March 2026. Matunga East follows with ₹149 per sq ft, showing a significant appreciation of 11.19%. Areas like Kasaravadi and Juwekar Wadi command higher rates at ₹231 per sq ft and ₹221 per sq ft respectively, while Gtb Nagar is at the lower end with ₹92 per sq ft.
As of March 2026, the average rental rate for apartments in Matunga, Mumbai, is ₹160 per sq ft. This segment has seen a notable appreciation of 8.11% in rental rates, indicating a strengthening demand for rental apartments in the locality.
In Matunga, Mumbai, The Wadhwa W54 leads with the highest rental rate at ₹209 per sq ft, showing no change as of March 2026. Hubtown Harmony follows with ₹193 per sq ft, having appreciated by a significant 39.86%. Other projects like Surya Tower Apartment and West View Heights Apartment are listed at ₹162 per sq ft and ₹160 per sq ft respectively, with no reported change in rental rates.
In Matunga, Mumbai, properties in the 'Well Occupied' stage averaged ₹41,159 per sq ft as of March 2026, showing an appreciation of 3.64%. Properties in the 'Mid Stage' of construction were priced higher at an average of ₹46,975 per sq ft, with a 5.6% appreciation. This indicates that properties closer to completion or already occupied command a premium and have seen positive price movement.
The recent property price trends in Matunga, Mumbai, suggest a mixed market. While the overall location rate has seen a slight depreciation of 0.63% as of March 2026, some micromarkets and property statuses like 'Mid Stage' and 'Well Occupied' have appreciated. This indicates that while the broader market might be stabilizing or slightly correcting, specific segments and well-performing sub-localities could still offer opportunities for both end-users and investors.
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