Property Rates in Matunga West, Mumbai

Insights for Matunga West, Mumbai Real Estate Market

Matunga West's property market presents a dynamic picture with an average asking price of ₹48,950 per sq ft. While recent quarterly trends show some fluctuations, the overall trajectory indicates a stable market. The average registration rate stands at ₹40,750 per sq ft, with 62 transactions recorded in the period, totaling ₹154 Cr. Rental yields are attractive at 4.12%, with average rents for apartments at ₹168 per sq ft. Notably, 2 BHK apartments are in high demand, averaging ₹1.36 Lakh per month, while 1 BHKs are available for ₹58,100. The developer landscape is led by The Wadhwa Group, showing strong transactional activity. Top projects by transaction volume include Wadhwa Pristine and Jivan Prakash Apartment.

The average asking price for apartments in Matunga West is ₹48,950 per sq ft, with a recent quarterly decline of -2.41%.
The rental market offers a healthy yield of 4.12%, with average apartment rents at ₹168 per sq ft.
2 BHK apartments are the most sought-after rental units, averaging ₹1.36 Lakh per month.
The Wadhwa Group is the most active developer by transactions, indicating strong buyer confidence in their projects.
Wadhwa Pristine leads in transaction volume, followed by Jivan Prakash Apartment, highlighting buyer preferences for specific developments.

Market Strengths

Matunga West boasts a strong rental market with an average yield of 4.12%.
The average rental rate for apartments is ₹168 per sq ft, indicating consistent demand.
2 BHK apartments are highly sought after, fetching ₹1.36 Lakh per month.
The Wadhwa Group is a dominant developer by transactions, signaling strong project execution and buyer confidence.
Wadhwa Pristine and Jivan Prakash Apartment are leading in transaction volumes, pointing to their popularity among buyers.

Market Challenges

The average asking price for apartments has seen a recent quarterly decline of -2.41%, suggesting potential downward pressure on property values.
Under Construction projects show a notable price drop of -8.11% quarterly, which could indicate developer incentives or a challenging sales environment for new launches.

Investment Opportunities

The rental market offers a healthy 4.12% rental yield, making it attractive for income-focused investors.
2 BHK apartments are commanding the highest rental rates at ₹1.36 Lakh per month, indicating strong demand for larger family units.
While overall asking prices show a slight quarterly dip, specific micromarkets like Matunga East (₹49,100 per sq ft) show positive change, suggesting potential for appreciation.
Ready To Move properties are priced at ₹40,750 per sq ft, offering a potentially lower entry point for immediate occupancy compared to under-construction options.

Property Price Trends in Matunga West, Mumbai

Asking Price Trends

The asking price in Matunga West has seen some quarterly shifts. From a high of ₹50,200 per sq ft in Dec 2025, it is projected to be ₹48,950 per sq ft by Mar 2026. The micromarket rate has remained relatively stable, hovering around ₹46,350 per sq ft across the observed quarters.

Quarter	City Rate
Mar 2026	48950
Dec 2025	50200
Sep 2025	49550
Jun 2025	48700

Price Trends by Property Type

Apartments are the primary property type in Matunga West, with an average price of ₹48,950 per sq ft, experiencing a recent decline of -2.41%. This indicates a slight softening in the apartment segment's pricing.

Type	Rate (₹/sq.ft)	Change %
Apartment	48,950	-2.41

Price Trends by Project Status

Matunga West offers properties across various stages of development. Ready To Move inventory, comprising 29 units, averages ₹40,750 per sq ft, while Under Construction projects, with 3 units, are priced at ₹45,450 per sq ft. New Launch projects, though fewer in number (2 units), are priced at ₹38,800 per sq ft.

Status	No of Project	Rate (₹/sq.ft)	Change %
Ready To Move	37	41,291	0.35
Under Construction	3	45,450	-8.11
New Launch	2	38,800	-

Price Trends by Localities

Matunga West's real estate values show variation across its sub-localities. Dadar West commands a premium at ₹57,200 per sq ft, while Shivaji Park is priced at ₹56,100 per sq ft. Matunga East offers competitive pricing at ₹49,100 per sq ft, slightly above the main Matunga area's ₹48,950 per sq ft. Further out, Wadala is available at ₹37,250 per sq ft, presenting a more affordable option.

Location	Rate (₹/sq.ft)	Change %
Vsnl Colony	37,750	-
Shivaji Park	56,100	-4.9
Dadar West	57,200	3.2
Matunga	48,950	-0.6
Matunga East	49,100	0.9
Mahim	50,250	9.4
Dadar East	46,200	-6.4
Wadala	37,250	2.5
Prabhadevi	62,850	-1.6
Wadala West	38,700	-

Project and Developer Insights

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

Godrej Carmichael ₹ 87.92 Cr - ₹ 87.92 Cr

Mumbai South, Mumbai

New Launch

Under Construction

Ready to Move

Top Projects by Listing Rates, Transaction Count and Transaction Value

Premium residential developments in Matunga West showcase high asking prices, reflecting their prime locations and amenities. Wadhwa Pristine leads with an asking rate of ₹58,450 per sq ft. Shagun 1 OSR Matunga is also notable, priced at ₹57,800 per sq ft, followed by Shreeji Villa at ₹54,800 per sq ft. These projects represent the upper echelon of the Matunga West market.

Listing Rate
By Value
By Transaction

Project Name	Rate (₹/sq.ft)	Change %
Wadhwa Pristine	58,450	0.7
Shagun 1 Osr Matunga	57,800	-1.6
Shreeji Villa	54,800	43.1
Sanghvi Aaditya Elegance	51,500	-16.8
Sanghvi Majestic	48,950	-1.9
Ruparel Iris	48,200	-0.1
Jivan Prakash Apartment	47,250	-4.7
Rohan Lifescapes Mirage	46,200	3.2
Rohan Mirage	46,200	0.6
Spenta Medius	45,300	-6.3

Project Name	Current Price (₹/sq.ft)	Sale Value	Change %
Wadhwa Pristine	58,450	₹ 10.96 Cr	-13.8
Jivan Prakash Apartment	47,250	₹ 3.8 Cr	-
Suraj Lumina	51,750	₹ 2.71 Cr	3.2

Project Name	Current Price (₹/sq.ft)	Transactions	Change %
Wadhwa Pristine	58,450	3	-13.8
Jivan Prakash Apartment	47,250	2	-
Suraj Lumina	51,750	1	3.2

Top Projects by Rental Rates

Among top rental projects, Prashant CHS Matunga commands the highest current rental rate at ₹225 per sq ft, showing a significant 93.97% YoY increase. Wadhwa Pristine is also strong at ₹201 per sq ft with a 4.15% rise, while Shree Chamunda Heights and Ruparel Iris are priced at ₹200 per sq ft.

Project Name	Rate (₹/sq.ft)	Change %
Prashant Chs Matunga	225	94
Wadhwa Pristine	201	4.2
Shree Chamunda Heights	200	-
Ruparel Iris	189	-
Sanghvi Majestic	183	11.6
153 Skye	178	-
Rajlaxmi Chs Matunga	177	-
Sanghvi Aaditya Elegance	175	-
Rohan Mirage	172	-
Indus Valley Aangan	168	-3.4

Rustomjee ₹ 25.75 L - ₹ 62.31 Cr

68 Projects
23 Years

The Wadhwa Group ₹ 1.01 Cr - ₹ 39.64 Cr

59 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

Top Developers by Transaction Count

Premium residential developments in Matunga West showcase high asking prices, reflecting their prime locations and amenities. Wadhwa Pristine leads with an asking rate of ₹58,450 per sq ft. Shagun 1 OSR Matunga is also notable, priced at ₹57,800 per sq ft, followed by Shreeji Villa at ₹54,800 per sq ft. These projects represent the upper echelon of the Matunga West market.

By Transaction

Developer	Transactions
The Wadhwa Group	4
Nitin Shantilal Gada	2
Eighty Nine Buildcon	2
Suraj	1

Government Registration in Matunga West, Mumbai

Sales Transactions62
Gross Sales Value₹ 154 Cr
Registered Rate₹ 39,700 /sq.ft

Official registration data for Matunga West shows active market engagement, with 62 transactions recorded between June 2025 and May 2026, accumulating a gross value of ₹154 Cr. The average registered rate during this period was ₹39,700 per sq ft. The Wadhwa Group emerged as the developer with the highest number of transactions.

Recent Registered Transactions in Matunga West

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 2, Unit 8	N/A	420 Sq.Ft.	🔒	🔒

Property Rental Trends in Matunga West, Mumbai

Rental Trends by Unit Type

Rental demand in Matunga West varies across BHK configurations. Studio apartments average ₹32,500 per month, while 1 BHKs are available for ₹58,100 per month. Larger units see higher rents, with 2 BHKs averaging ₹1.36 Lakh per month and 3 BHKs reaching ₹1.63 Lakh per month.

Unit Type	Rate (₹)
Studio	32,500
1 Bhk	58,100
2 Bhk	1,36,150
3 Bhk	1,63,350

Rental Trends by Nearby Localities

Rental rates across Matunga West's localities show diversity. Kasaravadi leads with an average of ₹250 per sq ft, while Juwekar Wadi and Chandrakant Dhuru Wadi are at ₹200 per sq ft. Matunga and Matunga East offer competitive rates around ₹150 per sq ft, with positive year-on-year changes.

Locality	Rate (₹/sq.ft)	Change %
Kasaravadi	250	-
Shivaji Park	150	-1.7
Juwekar Wadi	200	-
Dadar West	150	-3.6
Hindu Colony	100	-
Matunga	150	8.1
Chandrakant Dhuru Wadi	200	-
Matunga East	150	11.2
Mahim	150	2.4
Ma Marg	150	-

Rental Trends by Property Type

Apartments are the primary property type for rent in Matunga West, averaging ₹150 per sq ft with a 0.6% year-on-year increase, reflecting steady rental demand in this segment.

Property Type	Rate (₹/sq.ft)	Change %
Apartment	150	0.6

FAQs about Property Rates in Matunga West, Mumbai

What is the current average asking price in Matunga West, Mumbai, and how has it changed?

As of March 2026, the average asking price in Matunga West, Mumbai, is ₹48,950 per sq ft. This represents a depreciation of 2.41% from the previous period, indicating a slight cooling in property values. The registration rate in the area stands at ₹40,750 per sq ft as of March 2026.

How have property prices in Matunga West, Mumbai, trended over the past year?

Property prices in Matunga West, Mumbai, have shown some fluctuation over the past year. From June 2025 to March 2026, the average location rate increased from ₹48,700 per sq ft to ₹48,950 per sq ft, showing a slight appreciation. However, looking at the quarter-over-quarter trend, the rate was ₹50,200 per sq ft in December 2025 before dropping to ₹48,950 per sq ft in March 2026, suggesting a recent downward movement.

How do property rates vary across different micromarkets within or near Matunga West, Mumbai?

Property rates vary significantly across micromarkets near Matunga West, Mumbai. As of March 2026, Dadar West shows a high average rate of ₹57,200 per sq ft, appreciating by 3.19% from the previous period. In contrast, Wadala has a lower average rate of ₹37,250 per sq ft, with a 2.52% appreciation. Shivaji Park also commands a premium at ₹56,100 per sq ft, though it has seen a depreciation of 4.92%.

What are the average property prices for apartments in Matunga West, Mumbai, and what is the recent price trend?

For apartments in Matunga West, Mumbai, the average price as of March 2026 is ₹48,950 per sq ft. This segment has experienced a depreciation of 2.41% in the latest period. This indicates a softening in the apartment market within Matunga West.

How do property prices differ based on the construction status in Matunga West, Mumbai?

In Matunga West, Mumbai, property prices vary by construction status as of March 2026. 'Ready To Move' properties are priced at an average of ₹40,750 per sq ft, having depreciated by 1.71%. 'Under Construction' properties are priced higher at ₹45,450 per sq ft, but have seen a significant depreciation of 8.11%. 'Well Occupied' properties are priced at ₹43,250 per sq ft, showing a notable appreciation of 7.83%.

Which projects in Matunga West, Mumbai, have seen the most transaction activity?

Wadhwa Pristine in Matunga West has recorded the highest number of transactions, with 3 deals as of March 2026, despite a recent rate depreciation of 13.83%. Jivan Prakash Apartment follows with 2 transactions, maintaining its rate. Suraj Lumina has also seen 1 transaction, with its rate appreciating by 3.20%.

What are the top projects in Matunga West, Mumbai, based on their total transaction value?

Wadhwa Pristine leads in total transaction value in Matunga West, Mumbai, with a sale value of ₹10.96 Cr from its 3 transactions. Jivan Prakash Apartment follows with a total value of ₹3.8 Cr from 2 transactions. Suraj Lumina has a total transaction value of ₹2.72 Cr from its single transaction.

Which developers have been most active in terms of property transactions in Matunga West, Mumbai?

The Wadhwa Group is the most active developer in Matunga West, Mumbai, with 4 transactions as of March 2026. Nitin Shantilal Gada and Eighty Nine Buildcon are tied for second place, each with 2 transactions. Suraj has recorded 1 transaction in the area.

What is the average rental rate in Matunga West, Mumbai, and what is the rental yield?

The average rental rate in Matunga West, Mumbai, is ₹168 per sq ft as of March 2026, showing a slight appreciation of 0.6%. The area offers a rental yield of 4.12%, which is a key metric for investors looking at the return on investment from rental income relative to property value.

How do rental rates vary across different BHK configurations in Matunga West, Mumbai?

In Matunga West, Mumbai, rental rates differ by BHK configuration. Studios are available for an average of ₹32,500 per month. For 1 BHK units, the average rent is ₹58,100 per month. Larger configurations command higher rents, with 2 BHK apartments averaging ₹1.36 Lakh per month and 3 BHK apartments averaging ₹1.63 Lakh per month.

Which micromarkets near Matunga West, Mumbai, offer the highest and lowest rental rates?

Among the micromarkets near Matunga West, Mumbai, Kasaravadi shows the highest average rental rate at ₹250 per sq ft, with no change in the latest period. Juwekar Wadi and Chandrakant Dhuru Wadi also command high rents at ₹200 per sq ft. In contrast, Hindu Colony has the lowest average rental rate at ₹100 per sq ft.

What are the top-performing projects in Matunga West, Mumbai, for rental income?

Prashant CHS Matunga stands out among rental projects in Matunga West, Mumbai, with a current rental rate of ₹225 per sq ft and a significant appreciation of 93.97%. Wadhwa Pristine follows with a rental rate of ₹201 per sq ft, appreciating by 4.15%. Shree Chamunda Heights, Ruparel Iris, and Sanghvi Majestic also offer competitive rental rates, ranging from ₹189 to ₹200 per sq ft.

How does the average asking price compare to the Government Registration Rate in Matunga West, Mumbai?

In Matunga West, Mumbai, the average asking price as of March 2026 is ₹48,950 per sq ft, while the Government Registration Rate is ₹40,750 per sq ft. This difference suggests that the registered values are lower than the market's current asking prices for properties.

What is the average rental rate for apartments in Matunga West, Mumbai, and how has it changed recently?

The average rental rate for apartments in Matunga West, Mumbai, is ₹150 per sq ft as of March 2026, reflecting an appreciation of 0.6%. This indicates a stable to slightly increasing trend in rental demand for apartments in the locality.