Property Rates in Matunga, Mumbai 2026

Property prices in Matunga have shown a fluctuating trajectory throughout the recent quarters. According to data from June 2026, the location rate reached ₹52,300 per sq ft, up from ₹48,950 per sq ft in March 2026. This recent upward movement suggests a recovery in demand following the stability observed between December 2025 and March 2026, where rates hovered around the ₹49,000 per sq ft mark.

Property prices in Matunga vary significantly when compared to surrounding areas. As of June 2026, Dadar West commands a higher average asking price of ₹57,200 per sq ft, which has appreciated by 3.19% over the observed period. Conversely, areas like Wadala offer more accessible entry points at ₹37,250 per sq ft, which has appreciated by 2.52%, while Sion East has seen a notable appreciation of 8.56%, bringing its average asking price to ₹29,850 per sq ft.

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% from the previous period. In comparison, Under Construction projects are currently averaging ₹41,450 per sq ft, showing a more modest appreciation of 1.78%. This narrow price gap suggests that buyers are placing a premium on immediate possession, though the steady growth in under-construction units reflects continued developer activity and confidence in the area's long-term value.

The average rental rate in Matunga is ₹160 per sq ft as of June 2026, which has appreciated by 8.11% compared to the previous period. The locality currently offers a rental yield of 3.92%. For investors, this yield represents the annual rental income relative to the property's capital value, making Matunga a stable choice for those seeking a balance between consistent rental demand and long-term capital appreciation.

Rental rates in Matunga vary significantly based on the configuration, catering to a diverse tenant profile as of June 2026. Studio apartments command an average of ₹27,650 per month, while 1 BHK units average ₹67,850 per month. For larger requirements, 2 BHK units are priced at ₹1.15 Lakh per month, 3 BHK units at ₹2.25 Lakh per month, and 4 BHK units reach an average of ₹3.33 Lakh per month. This tiered pricing structure reflects the premium nature of the locality and the high demand for spacious, well-located residential units.

As of June 2026, The Wadhwa W54 leads the rental market in Matunga with a rate of ₹209 per sq ft, remaining stable with 0% change. Other premium projects include Hubtown Harmony at ₹193 per sq ft, which has seen a significant appreciation of 39.86%, and Surya Tower Apartment at ₹162 per sq ft. These projects command higher rents due to their superior amenities and strategic locations, making them top choices for tenants seeking premium living standards in the area.

Rental rates across the Matunga region are relatively consistent, with many pockets like Matunga East, Matunga West, and Wadala all averaging ₹150 per sq ft as of June 2026. While Matunga East has seen a modest appreciation of 1.34% and Matunga West 1.79%, other areas like GTB Nagar offer a more affordable rental average of ₹100 per sq ft, which has appreciated by 6.52%. Investors should note that while the base rate is similar across many prime spots, the appreciation trends vary, reflecting the specific demand dynamics of each neighbourhood.

As of June 2026, Aksee Shreeji Heights and Shreeji Heights are among the top projects by listing rates in Matunga, both priced at ₹64,150 per sq ft, marking a substantial appreciation of 36.89%. The Wadhwa W54 follows with a listing rate of ₹61,100 per sq ft, which has depreciated by 2.17%. These projects represent the premium segment of the local real estate market, and their listing rates reflect the high-end specifications and prime location advantages they offer to prospective buyers.

Buyers should use the Matunga property rate data as a benchmark for evaluating the fair market value of potential investments. By comparing the current average asking price of ₹48,950 per sq ft (as of June 2026) against specific project rates and historical trends, buyers can identify whether a property is priced competitively. Additionally, monitoring the appreciation or depreciation percentages helps in understanding whether a specific micromarket or project status is currently gaining or losing momentum in the broader Mumbai market.