Property Rates in Matunga West, Mumbai

Matunga West in Mumbai presents a vibrant real estate landscape characterized by steady price appreciation and diverse housing options. The asking price currently stands at ₹48,985 per sq ft, while the registration rate hovers around ₹39,698 per sq ft, indicating a margin between listed and transacted values. Quarterly price trends show a positive trajectory, with the average location rate increasing from ₹48,981 per sq ft in March 2025 to ₹50,178 per sq ft by December 2025, reflecting growing investor confidence. When compared to neighboring areas, Matunga West offers competitive pricing, often more affordable than premium locations like Dadar West (₹56,626 per sq ft) and Shivaji Park (₹54,175 per sq ft), yet positioned above areas like Wadala (₹37,433 per sq ft). The market is dominated by apartment properties, which currently average ₹48,985 per sq ft, experiencing a slight dip of 2.38%. Buyers have a wide array of choices across property statuses, with Ready To Move units being the most abundant at 30 units, followed by Well Occupied and Under Construction options. Noteworthy projects such as '153 Skye' have seen significant transaction activity, while 'aaditya elegance' leads in asking price, indicating a premium segment. Government registration data for April 2025 to March 2026 recorded 91 transactions totaling ₹238 Cr, with an average registered rate of ₹39,700 per sq ft, underscoring robust market activity. Developers like Nitin Shantilal Gada and Aksee are prominent players, driving transaction volumes in the locality.