Property Rates in Matunga, Mumbai

Matunga, a prominent locality in Mumbai, presents a dynamic real estate landscape with an average asking price hovering around ₹49,125 per sq ft. Analyzing the quarterly price trends reveals a peak in property values at ₹51,919 per sq ft in March 2025, which then saw a gradual adjustment to ₹49,269 per sq ft by December 2025. This indicates a period of price consolidation after earlier growth. Within Matunga, Matunga East and Matunga West show similar average rates near ₹48,987 per sq ft and ₹48,985 per sq ft respectively, though Matunga East has seen a positive change of 2.66% while Matunga West experienced a slight dip of 1.13%. Nearby areas like Dadar West are notably higher at ₹56,626 per sq ft, exhibiting a strong 14.68% growth, while Wadala shows healthy appreciation with Wadala West at ₹38,707 per sq ft (5.57% increase) and Wadala at ₹37,433 per sq ft (5.72% increase). The property market in Matunga is predominantly characterized by apartments, which align closely with the overall average asking price. The supply chain is well-diversified, with Ready To Move properties being the most abundant, totaling 155 units, though their average price has seen an 8.09% decrease to ₹38,851 per sq ft. Conversely, New Launch projects, albeit fewer in number (6 units), show promising growth with a 6.43% increase in average price to ₹37,834 per sq ft, suggesting developer confidence in future demand. Under Construction projects also contribute to the supply, offering 11 units at an average of ₹40,733 per sq ft. High-end projects like The Wadhwa W54 lead the market with current rates of ₹62,478 per sq ft, showcasing the luxury segment's strength. Other significant projects such as Praman Splendour and Indumani Heights have recorded impressive price increases of 18.01% and 33.02% respectively, highlighting areas of strong appreciation. This blend of established high-value properties and emerging new developments creates a nuanced market for both end-users and investors looking for premium residential options in a well-connected Mumbai locality.