Property rates in Matunga West average ₹48,950 per sq ft. This prime South Mumbai location maintains a robust market position, supported by a healthy rental yield of 4.12%. With significant developer activity from The Wadhwa Group and steady interest in established residential projects, the area remains a sought-after destination for both homebuyers and investors looking for long-term value in a well-connected neighborhood.
Insights for Matunga West, Mumbai Real Estate Market Overview
Matunga West continues to be a premium residential hub in Mumbai, characterized by a sophisticated mix of luxury apartments and well-established community living. Recent price trends show a steady market, with current listing rates reflecting the area's enduring appeal to affluent buyers. The rental market is equally vibrant, offering attractive yields that draw investors seeking consistent returns. Meanwhile, government registration data highlights a solid transaction volume, underscoring the area's liquidity and stable demand profile. Developers are actively shaping the skyline with high-end projects that cater to the evolving needs of urban professionals and families.
The average asking price in Matunga West stands at ₹48,950 per sq ft, with ready-to-move units currently averaging ₹40,750 per sq ft.
Rental yields in the locality have reached 4.12%, with 3 BHK apartments commanding an average monthly rent of ₹1.63 Lakh.
The Wadhwa Group leads developer activity in the region, contributing to a total of 57 registered transactions recorded between June 2025 and May 2026.
Wadhwa Pristine stands out as a key project, commanding a premium rate of ₹58,450 per sq ft.
Market Strengths
Strong rental demand with an average rental rate of ₹168 per sq ft.
Established residential status with a significant base of 29 ready-to-move projects.
Active developer participation from prominent groups like The Wadhwa Group.
Consistent transaction volume with 57 registrations in the recent period.
Competitive rental market with studios starting at ₹32,500 per month.
High-end luxury segment with top projects commanding up to ₹58,450 per sq ft.
Market Challenges
Under-construction projects have seen a price adjustment of -8.11%, indicating a need for careful project selection.
The apartment segment overall has experienced a -2.41% change, requiring investors to focus on high-demand, prime-located units.
Investment Opportunities
Capitalize on a healthy rental yield of 4.12% across residential apartments.
Target 3 BHK units for long-term rental income, as they command an average of ₹1.63 Lakh per month.
Consider ready-to-move properties at ₹40,750 per sq ft for immediate occupancy and lower risk.
Explore new launches priced at ₹38,800 per sq ft for potential capital appreciation.
Price Trend
Matunga West, Mumbai Property Price Trends and Appreciation
The market in Matunga West has shown resilience, with prices moving from ₹48,700 per sq ft in June 2025 to ₹48,950 per sq ft by March 2026. This trajectory reflects a stable demand environment compared to the broader micromarket, which has hovered around the ₹46,350 per sq ft level during the same period. These trends suggest a sustained premium for properties within this specific location.
Matunga West sits within a competitive landscape of South Mumbai neighborhoods. It commands a premium over nearby Dadar East, which averages ₹46,200 per sq ft, while remaining more accessible than the high-end markets of Prabhadevi luxury hub of Prabhadevi corridor of Prabhadevi enclaves of Prabhadeviroment of Prabhadevi at ₹62,850 per sq ft. Compared to Mahim, which averages ₹50,250 per sq ft, Matunga West offers a balanced pricing structure for premium buyers. These varying rates highlight the distinct character of each neighborhood in the immediate vicinity.
Matunga West's real estate market is primarily focused on high-quality residential apartment living. These properties average ₹48,950 per sq ft, catering to a demographic that values central connectivity and established infrastructure. This focus ensures that the inventory remains highly targeted toward residential requirements.
The market offers properties across various development stages to suit different buyer timelines. Ready To Move inventory, comprising 29 units, averages ₹40,750 per sq ft, providing immediate housing solutions. Meanwhile, under-construction projects are priced at ₹45,450 per sq ft, and new launches are entering the market at ₹38,800 per sq ft, offering diverse entry points for investors.
Project & Developer Insights
Top Residential Projects and Developers in Matunga West
Top Projectsin Matunga West
Rustomjee 180 Bayview is the top project in Matunga West with prices from ₹ 3.85 Cr to 7.88 Cr.
Rustomjee 180 Bayview
₹ 3.85 Cr - ₹ 7.87 Cr
Mumbai South, Mumbai
LnT Island Cove
₹ 6.34 Cr - ₹ 6.34 Cr
Mumbai South, Mumbai
JP Codename Matunga Origins
₹ 2.93 Cr - ₹ 4.23 Cr
Mumbai South, Mumbai
Godrej Trilogy
₹ 18.88 Cr - ₹ 29.95 Cr
Mumbai South, Mumbai
Piramal Mahalaxmi
₹ 5.45 Cr - ₹ 14.03 Cr
Mumbai South, Mumbai
Runwal Timeless
₹ 1.59 Cr - ₹ 3.4 Cr
Mumbai South, Mumbai
Kalpataru Azuro
₹ 45 Cr - ₹ 71.98 Cr
Mumbai South, Mumbai
Lodha Malabar
Price On Request
Mumbai South, Mumbai
Lodha Sea Face
Price On Request
Mumbai South, Mumbai
Prestige Ocean Towers
₹ 26 Cr - ₹ 50.68 Cr
Mumbai South, Mumbai
View More
New Launch
Under Construction
Ready to Move
Top Developersin Mumbai
Rustomjee leads in Mumbai with 68 projects and 23 years of experience.
Rustomjee
₹ 25.75 L - ₹ 62.31 Cr
68 Projects
23 Years
The Wadhwa Group
₹ 1.01 Cr - ₹ 39.64 Cr
60 Projects
50 Years
Ruparel
₹ 63.33 L - ₹ 6.94 Cr
44 Projects
19 Years
Rohan Lifescapes
₹ 94.25 L - ₹ 16.86 Cr
21 Projects
Sanghvi S3 Group
₹ 74.65 L - ₹ 4.35 Cr
17 Projects
Sumit Woods Pvt Ltd
₹ 60.22 L - ₹ 7.01 Cr
47 Projects
Spenta
₹ 74.43 L - ₹ 6.74 Cr
12 Projects
31 Years
K Patel Realty
₹ 80 L - ₹ 6.35 Cr
10 Projects
Harsh Group
₹ 1.77 Cr - ₹ 9.13 Cr
9 Projects
Sanghvi Group
₹ 1.08 Cr - ₹ 5.37 Cr
5 Projects
View More
Top Projects by Listing Rates, Transaction Count and Transaction Value
Premium residential developments in Matunga West command significant asking prices, reflecting their luxury positioning. Wadhwa Pristine leads the segment at ₹58,450 per sq ft, while Shagun 1 OSR Matunga follows at ₹57,800 per sq ft. Shreeji Villa also represents the high-end market at ₹54,800 per sq ft, showcasing the aspirational nature of the area's latest projects.
High-value transactions are anchored by top-tier residential projects that offer significant capital appreciation potential. Wadhwa Pristine generated the highest turnover, cementing its status as a luxury landmark. Jivan Prakash Apartment and Suraj Lumina also contributed significantly to the total market value, demonstrating the high-ticket nature of Matunga West real estate.
Buyer interest is concentrated in established projects that offer reliability and prime positioning. Wadhwa Pristine recorded 3 transactions, making it the most sought-after development in terms of volume. Jivan Prakash Apartment followed with 2 registrations, while Suraj Lumina also saw successful buyer activity, highlighting a clear preference for projects with proven track records.
Prashant CHS Matunga leads the rental market with a current rate of ₹225 per sq ft, following a massive 93.97% change. Wadhwa Pristine also performs well at ₹201 per sq ft, while Shree Chamunda Heights and Ruparel Iris remain steady at ₹200 per sq ft and ₹189 per sq ft respectively.
The Wadhwa Group leads the developer landscape with 4 recorded transactions, reflecting a strong brand presence. Nitin Shantilal Gada and Eighty Nine Buildcon follow with 2 transactions each, indicating a competitive field of builders who are successfully capturing buyer interest in the area.
Government Registrations
Government Registration in Matunga West, Mumbai
Official registration data from June 2025 to May 2026 shows 57 transactions totaling ₹148 Cr. The average registered rate during this period was ₹39,700 per sq ft. The Wadhwa Group has been the most active developer, reflecting the strong market momentum and consistent buyer interest in the locality.
Sales Transactions57
Gross Sales Value₹ 148 Cr
Registered Rate₹ 39,700/sq.ft
Recent Registered Transactions
Recent Registered Transactions in Matunga West
The market remains active with 57 transactions recorded between June 2025 and May 2026, resulting in a gross value of ₹148 Cr. This level of activity points to a steady flow of buyers and sustained interest in the locality.
Date
Floor/Unit
Tower/Wing
Area
Value
Rate/Sq.Ft.
2026-01-02
Floor 19, Unit 1901
N/A
1620 Sq.Ft.
2025-11-28
Floor 14, Unit 1404
89
565 Sq.Ft.
2025-11-18
Floor 21, Unit 2102
N/A
445 Sq.Ft.
2025-11-18
Floor 21, Unit 2104
N/A
451 Sq.Ft.
2025-11-18
Floor 21, Unit 2103
N/A
729 Sq.Ft.
2025-11-17
Floor 16, Unit 1601
A
775 Sq.Ft.
2025-11-07
Floor 17, Unit 1703
N/A
773 Sq.Ft.
2025-11-04
Floor 8, Unit 802
N/A
659 Sq.Ft.
2025-11-03
Floor 16, Unit 1601
N/A
1249 Sq.Ft.
2025-10-20
Floor 6, Unit 42
N/A
303 Sq.Ft.
Rental Trends
Rental Trends and Average Rent in Matunga West, Mumbai
Rental rates vary significantly by configuration, with studios averaging ₹32,500 per month. 1 BHK apartments are available at ₹58,100 per month, while larger 2 BHK and 3 BHK units command higher rents of ₹1.36 Lakh and ₹1.63 Lakh per month, respectively. Rental rates are competitive across the micro-market, with Matunga and Matunga East both averaging ₹150 per sq ft. Shivaji Park and Dadar West also hover around the ₹150 per sq ft mark, showing the general consistency of rental pricing in this part of Mumbai. Apartments in Matunga West maintain a consistent rental rate of ₹150 per sq ft. This rate has seen a stable change of 0.6%, reflecting a balanced rental market for residential properties. Prashant CHS Matunga leads the rental market with a current rate of ₹225 per sq ft, following a massive 93.97% change. Wadhwa Pristine also performs well at ₹201 per sq ft, while Shree Chamunda Heights and Ruparel Iris remain steady at ₹200 per sq ft and ₹189 per sq ft respectively.
Rental rates vary significantly by configuration, with studios averaging ₹32,500 per month. 1 BHK apartments are available at ₹58,100 per month, while larger 2 BHK and 3 BHK units command higher rents of ₹1.36 Lakh and ₹1.63 Lakh per month, respectively.
Rental rates are competitive across the micro-market, with Matunga and Matunga East both averaging ₹150 per sq ft. Shivaji Park and Dadar West also hover around the ₹150 per sq ft mark, showing the general consistency of rental pricing in this part of Mumbai.
Apartments in Matunga West maintain a consistent rental rate of ₹150 per sq ft. This rate has seen a stable change of 0.6%, reflecting a balanced rental market for residential properties.
Frequently Asked Questions About Property Rates in Matunga West, Mumbai
What is the current average asking price in Matunga West as of March 2026?
As of March 2026, the average asking price in Matunga West is ₹48,950 per sq ft. This figure reflects a depreciation of 2.41% compared to the previous period, indicating a slight market correction in the area.
How have property prices in Matunga West trended over the last few quarters?
Property prices in Matunga West have shown a mixed trajectory leading up to March 2026. After reaching ₹49,550 per sq ft in September 2025 and peaking at ₹50,200 per sq ft in December 2025, the average asking price adjusted to ₹48,950 per sq ft by March 2026. This movement suggests a period of price stabilization following recent fluctuations.
How does the average asking price in Matunga West compare to the Government Registration Rate?
The average asking price in Matunga West is currently ₹48,950 per sq ft, while the Government Registration Rate stands at ₹39,700 per sq ft, based on data from June 2025 to May 2026. This gap between the market-driven asking price and the government-notified rate is a common observation in premium real estate markets, reflecting the difference between transaction-based valuation and official benchmarks.
How do property rates in Matunga West vary by project status?
As of March 2026, property rates in Matunga West are segmented by project status: Ready To Move units are priced at ₹40,750 per sq ft (depreciated by 1.71%), Well Occupied projects at ₹43,250 per sq ft (appreciated by 7.83%), Under Construction projects at ₹45,450 per sq ft (depreciated by 8.11%), and New Launch projects at ₹38,800 per sq ft. These variations highlight how completion status and project age influence current market valuations.
Which developers have the highest transaction activity in Matunga West?
The Wadhwa Group leads the transaction activity in Matunga West with 4 recorded transactions. Other notable developers contributing to the local market activity include Nitin Shantilal Gada and Eighty Nine Buildcon, each with 2 transactions, and Suraj with 1 transaction, reflecting a mix of established and active developers in the area.
What is the average rental rate and rental yield in Matunga West?
As of March 2026, the average rental rate in Matunga West is ₹168 per sq ft, which has appreciated by 0.6% compared to the previous period. The area currently offers a rental yield of 4.12%, providing a useful benchmark for investors evaluating the income potential of their residential assets against the prevailing capital values.
What is the BHK-wise rental pattern in Matunga West?
Rental rates in Matunga West vary significantly by unit size as of March 2026. Studio apartments command an average of ₹32,500 per month, while 1 BHK units average ₹58,100 per month. Larger configurations see higher monthly outlays, with 2 BHK units averaging ₹1.36 Lakh per month and 3 BHK units reaching ₹1.63 Lakh per month.
Which projects in Matunga West command the highest rental rates?
As of March 2026, the top projects by rental rates in Matunga West include Prashant CHS Matunga at ₹225 per sq ft (which has appreciated by 93.97%), Wadhwa Pristine at ₹201 per sq ft (appreciated by 4.15%), and Shree Chamunda Heights at ₹200 per sq ft. These projects represent the premium segment of the local rental market, attracting tenants willing to pay a premium for specific building amenities and location advantages.
How do rental rates compare across different neighbourhoods near Matunga West?
Rental rates in the vicinity of Matunga West show notable diversity as of March 2026. Kasaravadi commands the highest rate at ₹250 per sq ft, while areas like Matunga, Matunga East, and Mahim maintain a steady average of ₹150 per sq ft. Meanwhile, Hindu Colony reports an average rental rate of ₹100 per sq ft, illustrating the localized nature of rental demand and pricing within this broader region.
How should a buyer interpret the current property rate data for Matunga West?
A buyer should use the March 2026 data to understand that Matunga West is a premium market where prices are currently experiencing a slight adjustment. By comparing the average asking price of ₹48,950 per sq ft against the Government Registration Rate of ₹39,700 per sq ft and reviewing the status-wise pricing, buyers can better gauge whether they are paying a fair market value for either a ready-to-move unit or an under-construction property.
