Property Rates in Matunga West, Mumbai 2026

The average asking price in Matunga West is currently ₹53,700 per sq ft, which sits notably higher than the Government Registration Rate of ₹39,450 per sq ft as of September 2026. This gap between the market-driven asking price and the government-benchmarked registration rate is common in high-demand localities, reflecting the premium value placed on modern amenities and location advantages by current sellers.

The property market in Matunga West has shown a dynamic trajectory, with the average asking price reaching ₹53,700 per sq ft as of September 2026. Data indicates that prices rose from ₹48,950 per sq ft in March 2026 to ₹53,700 per sq ft by June 2026, demonstrating a consistent upward momentum that suggests a resilient and active real estate environment for both end-users and investors.

Pricing in Matunga West varies significantly based on project status as of September 2026. Under Construction projects command the highest average price at ₹56,100 per sq ft, having appreciated by 23.46% over the observed period. In contrast, Ready To Move properties are priced at an average of ₹44,250 per sq ft, showing an appreciation of 7.4%, while New Launch projects are at ₹46,250 per sq ft, reflecting a 14.14% appreciation. Well Occupied projects are currently priced at ₹39,450 per sq ft, which represents a 14.3% depreciation, likely due to the age of the building stock.

As of September 2026, the average rental rate in Matunga West is ₹163 per sq ft, with a rental yield of 3.64%. The rental rate has seen a slight adjustment, depreciating by 2.98% compared to the previous period. For investors, a rental yield of 3.64% provides a benchmark for the annual income potential relative to the capital investment required for property in this locality.

Rental rates in Matunga West vary by unit size as of September 2026, catering to diverse tenant profiles. Studio apartments average ₹32,500 per month, while 1 BHK units command an average of ₹69,250 per month. For larger requirements, 2 BHK apartments average ₹1.07 Lakh per month, and 3 BHK apartments reach an average of ₹1.91 Lakh per month. These figures reflect the premium nature of the locality and the high demand for varied residential configurations.

As of September 2026, Prashant CHS Matunga leads the rental market in Matunga West with a current rental rate of ₹225 per sq ft, having seen a substantial appreciation of 93.97%. Other premium projects include Wadhwa Pristine at ₹201 per sq ft (up 4.15%) and Shree Chamunda Heights at ₹200 per sq ft, which has remained stable. These projects command higher rents due to their specific positioning and desirability within the Matunga West micromarket.

Property prices in Matunga West, at ₹53,700 per sq ft, are positioned competitively within the South Mumbai region as of September 2026. Nearby, Prabhadevi commands a higher average of ₹67,900 per sq ft (up 8.02%), while Matunga East is priced at ₹50,800 per sq ft (up 3.42%). Other surrounding areas like Dadar West are at ₹54,150 per sq ft (depreciated by 5.28%) and Mahim is at ₹54,000 per sq ft (up 7.51%), illustrating that Matunga West remains a central and highly valued residential hub.

As of September 2026, Rustomjee 180 Bayview is the highest-priced project in Matunga West with a listing rate of ₹71,400 per sq ft, having appreciated by 62.98%. Other notable projects include Wadhwa Pristine at ₹59,600 per sq ft (up 1.93%) and Ruparel Iris at ₹58,650 per sq ft (up 21.72%). These projects represent the premium segment of the local market, offering high-end specifications that justify their elevated price points.

A potential buyer should use the data for Matunga West to compare current asking prices against historical trends and project-specific performance. With an average asking price of ₹53,700 per sq ft as of September 2026, buyers can evaluate if the property status—such as Under Construction at ₹56,100 per sq ft versus Ready To Move at ₹44,250 per sq ft—aligns with their budget and timeline. Monitoring the 9.63% appreciation in the overall market helps in understanding the long-term value growth of assets in this area.