Property Rates in Matunga West, Mumbai

As of March 2026, the average asking price in Matunga West, Mumbai, stands at ₹48,971 per sq ft, while the government registration rate is ₹39,698 per sq ft. This indicates a difference of approximately ₹9,273 per sq ft between what sellers are asking and the rate at which properties are officially registered. This gap can sometimes reflect market sentiment or negotiation room.

The property price trend in Matunga West, Mumbai, shows some fluctuation. From June 2025 to September 2025, the average location rate appreciated by 1.30% from ₹48,704 to ₹49,547 per sq ft. However, it then saw a slight depreciation of 1.10% to ₹48,971 per sq ft by March 2026. The micromarket rate, on the other hand, experienced a significant increase from ₹28,731 in June 2025 to ₹46,372 in March 2026, indicating varied performance within the broader locality.

Property rates in areas surrounding Matunga West, Mumbai, show considerable variation as of March 2026. Shivaji Park has an average rate of ₹56,098 per sq ft, showing a depreciation of 1.5% from the previous period. Dadar West is priced higher at ₹57,184 per sq ft, having appreciated by a significant 15.81%. In contrast, Wadala has a lower average rate of ₹37,225 per sq ft, with a 5.13% appreciation, and Sion West is at ₹31,746 per sq ft with no change. These figures highlight distinct price points across adjacent localities.

As of March 2026, the average price for apartments in Matunga West, Mumbai, is ₹48,971 per sq ft. This figure has depreciated by 2.41% compared to the previous period. This indicates that while apartments remain the primary property type, their prices have seen a slight decrease, which could be an opportunity for potential buyers.

In Matunga West, Mumbai, as of March 2026, Ready To Move properties are priced at an average of ₹41,452 per sq ft, reflecting a depreciation of 3.96%. Under Construction properties are priced higher at ₹49,460 per sq ft, with a depreciation of 1.74%. The 'Well Occupied' segment is priced at ₹40,119 per sq ft, showing a significant depreciation of 14.56%. This suggests that while Under Construction properties command a premium, all segments have seen a price correction.

As of March 2026, '153 Skye' in Joshi Vadi, Matunga West, leads in transaction activity with 6 transactions, showing a current rate of ₹42,651 per sq ft and an appreciation of 4.93%. Following this is 'Aksee Shreeji Heights', also in Joshi Vadi, with 3 transactions at ₹46,875 per sq ft. 'Spenta Medius' and 'New Milind CHS' each recorded 1 transaction, priced at ₹48,315 and ₹37,984 per sq ft respectively. These projects are currently driving buyer interest in the locality.

As of March 2026, the projects with the highest listing rates in Matunga West, Mumbai, include 'Sanghvi Aaditya Elegance' at ₹61,904 per sq ft, having appreciated by 39.02%. 'Shagun 1 OSR Matunga' is listed at ₹58,762 per sq ft with a 3.82% appreciation, and 'Wadhwa Pristine' is at ₹58,061 per sq ft, showing a slight depreciation of 0.47%. These projects represent the premium end of the market in terms of asking prices.

As of March 2026, Nitin Shantilal Gada is the developer with the highest transaction volume in Matunga West, Mumbai, recording 6 transactions. Aksee follows with 3 transactions, and Spenta has recorded 1 transaction. These developers are actively involved in the market, indicating their presence and project delivery in the area.

As of March 2026, the average rental rate in Matunga West, Mumbai, is ₹168 per sq ft, with an average rental yield of 4.12%. This yield suggests the potential return on investment for property owners through rental income relative to the property's capital value. A 4.12% yield indicates a moderate income generation potential for landlords in the area.

In Matunga West, Mumbai, rental rates as of March 2026 vary significantly by BHK configuration. Studio apartments average ₹32,500 per month, while 1 BHK units command ₹58,091 per month. For larger spaces, 2 BHK apartments are rented at approximately ₹1.36 Lakh per month, and 3 BHK apartments reach ₹1.63 Lakh per month. This progression shows a substantial increase in rental cost with more bedrooms, catering to different household needs.

Rental rates in areas near Matunga West, Mumbai, show notable differences. Kasaravadi has the highest average rental rate at ₹231 per sq ft, with no change from the previous period. Juwekar Wadi follows at ₹221 per sq ft and Chandrakant Dhuru Wadi at ₹216 per sq ft, both with no reported change. In contrast, Hindu Colony offers a lower average rental rate of ₹113 per sq ft. Matunga East has seen an 11.19% appreciation in rental rates, reaching ₹149 per sq ft, while Dadar West has depreciated by 3.59% to ₹161 per sq ft.

As of March 2026, 'Prashant CHS Matunga' in Matunga West commands the highest rental rate at ₹225 per sq ft, showing a significant appreciation of 93.97%. 'Wadhwa Pristine' is next with a rental rate of ₹201 per sq ft, up by 4.15%. 'Shree Chamunda Heights' is listed at ₹200 per sq ft with no change. These projects represent the premium rental segment within the locality, attracting tenants willing to pay higher rents.

As of March 2026, the average rental rate for apartments in Matunga West, Mumbai, is ₹168 per sq ft, which has appreciated by 0.6% from the previous period. This rate aligns closely with the overall average rental rate for the locality. This stability in apartment rentals suggests consistent demand for this property type within Matunga West.

As of March 2026, the average asking price for properties in Matunga West, Mumbai, is ₹48,971 per sq ft, whereas the government registration rate is ₹39,698 per sq ft. This difference of ₹9,273 per sq ft between asking and registered rates suggests potential negotiation room for buyers or reflects market conditions where listed prices may be higher than the officially recorded transaction values.