Property rates in Matunga West average ₹48,950 per sq ft. The market has seen a slight adjustment recently, though it maintains a strong position within Mumbai. Investors are finding appeal in the steady rental yield of 4.12%, supported by a variety of residential options. With premium projects like Wadhwa Pristine drawing significant interest, the area remains a sought-after choice for those looking for established and well-connected living spaces in the city.
Insights for Matunga West, Mumbai Real Estate Market Overview
Matunga West exhibits a mature residential market, balancing high-value luxury developments with a stable inventory of ready-to-move apartments. Price trends have shown a measured shift recently, reflecting a consolidation phase that follows periods of rapid growth in South Mumbai. The rental market is particularly active, offering a healthy yield of 4.12% with demand spanning from compact studios to spacious 3 BHK residences. Government registration data confirms consistent activity, with multiple transactions occurring across various established building projects. Developers continue to focus on premium segments, ensuring the locality retains its prestige among home seekers and investors alike.
Average property rates currently stand at ₹48,950 per sq ft.
The local rental market delivers a competitive 4.12% yield for apartment owners.
Ready-to-move units lead the supply with 29 active projects, providing immediate possession options.
Premium developments like Wadhwa Pristine command rates up to ₹58,450 per sq ft.
The Wadhwa Group leads developer activity in the area with 4 recorded transactions.
Market Strengths
The area boasts a healthy rental yield of 4.12% for residential properties.
A well-diversified inventory includes 29 ready-to-move projects for immediate occupancy.
Top-tier developers like The Wadhwa Group are actively driving project development.
Rental rates for 3 BHK units are strong, averaging ₹1.63 Lakh per month.
The locality maintains a robust transaction volume with 41 registrations in the recent period.
Market Challenges
Under-construction projects have seen an -8.11% trend, reflecting a temporary softening in demand for new inventory.
Premium projects like Wadhwa Pristine have seen a -13.82% shift in transaction rates, indicating a cooling in the luxury segment.
Some established projects like Sanghvi Aaditya Elegance have experienced a -16.81% change in asking rates.
Investment Opportunities
Investors can leverage a stable rental yield of 4.12% across residential apartments.
Entry-level opportunities are available in new launch projects priced at ₹38,800 per sq ft.
Ready-to-move apartments offer an average rate of ₹40,750 per sq ft, ideal for immediate rental income.
The 1 BHK rental segment offers a stable monthly return of ₹58,100, catering to young professionals.
Price Trend
Matunga West, Mumbai Property Price Trends and Appreciation
Property rates in Matunga West have adjusted to ₹48,950 per sq ft as of March 2026. This follows a period of higher valuations in late 2025 where rates peaked at ₹50,200 per sq ft. The current pricing reflects a realistic market correction compared to the ₹49,550 per sq ft recorded in September 2025.
Matunga West sits within a vibrant cluster of South Mumbai localities, each commanding distinct price points. Nearby Dadar West averages a premium at ₹57,200 per sq ft, while Shivaji Park hovers around ₹56,100 per sq ft. In contrast, Wadala and Vsnl Colony offer more accessible entry points at ₹37,250 per sq ft and ₹37,750 per sq ft respectively. This range allows buyers to choose between the ultra-premium coastal vibes of the west and the established, centrally located residential pockets.
Residential apartments in Matunga West are currently priced at an average of ₹48,950 per sq ft. This segment has experienced a -2.41% change, providing a more balanced entry point for prospective homeowners. The market remains heavily focused on apartment-style living, which continues to be the preferred choice for residents in this established neighborhood.
The market provides options for every timeline, ranging from ready-to-move units to new project launches. Ready-to-move inventory is priced at ₹40,750 per sq ft, while under-construction projects offer opportunities at ₹45,450 per sq ft despite an -8.11% trend. New launches are currently entering the market at ₹38,800 per sq ft, giving buyers flexibility in their investment strategy.
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
₹ 3.40 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 projects in Matunga West set the benchmark for luxury living in the area. Wadhwa Pristine leads the segment at ₹58,450 per sq ft, followed closely by Shagun 1 OSR Matunga at ₹57,800 per sq ft. Shreeji Villa also presents a significant presence at ₹54,800 per sq ft. These developments, along with projects like Sanghvi Aaditya Elegance, cater to those seeking high-end amenities and prime location benefits.
High-value transactions are concentrated in luxury developments that define the Matunga West skyline. Wadhwa Pristine generated significant market turnover with 3 deals totaling ₹10.96 Cr. Jivan Prakash Apartment contributed ₹3.8 Cr through its transactions, and Suraj Lumina added to the high-value segment with a ₹2.72 Cr deal, showcasing the strength of the premium residential market.
Buyer preference is clearly reflected in the transaction volumes of specific projects. Wadhwa Pristine recorded 3 transactions, cementing its status as a highly sought-after development. Jivan Prakash Apartment followed with 2 transactions, while Suraj Lumina also secured a successful registration, highlighting the sustained demand for reputable projects in the area.
Prashant CHS Matunga leads the rental market with rates reaching ₹225 per sq ft, marking a significant 93.97% shift. Wadhwa Pristine also performs well at ₹201 per sq ft with a 4.15% increase, while Sanghvi Majestic shows a strong 11.59% growth, reaching ₹183 per sq ft. These projects reflect the premium rental appeal of the locality.
The Wadhwa Group stands as the most active developer in Matunga West, with 4 recorded transactions. Nitin Shantilal Gada and Eighty Nine Buildcon follow with 2 transactions each, while Suraj maintains a steady presence with 1 registration. These developers are instrumental in maintaining the steady flow of property activity in the neighborhood.
Government Registrations
Government Registration in Matunga West, Mumbai
Official registration data from August 2025 to July 2026 shows a total of 41 transactions in Matunga West, amounting to a gross value of ₹109 Cr. The average registered rate stands at ₹39,700 per sq ft. The Wadhwa Group leads the developer landscape with 4 transactions, while projects like Wadhwa Pristine and Jivan Prakash Apartment have seen the most consistent buyer activity.
Sales Transactions41
Gross Sales Value₹ 109 Cr
Registered Rate₹ 39,700/Sq.Ft
Recent Registered Transactions
Recent Registered Transactions in Matunga West
The market recorded 41 transactions between August 2025 and July 2026, reaching a total gross value of ₹109 Cr. These registrations indicate a consistent and active real estate environment 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 2103
N/A
729 Sq.Ft.
2025-11-18
Floor 21, Unit 2104
N/A
451 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.
Rental Trends
Rental Trends and Average Rent in Matunga West, Mumbai
Rental demand is robust across all unit types, with 3 BHK apartments commanding an average of ₹1.63 Lakh per month. 2 BHK units are also popular, averaging ₹1.36 Lakh per month, while 1 BHK apartments provide a steady option at ₹58,100 per month. Studio units round out the market, averaging ₹32,500 per month, meeting the needs of diverse tenants. Rental rates vary across the vicinity, with Kasaravadi commanding the highest at ₹250 per sq ft. Matunga and Matunga East both offer competitive rates of ₹150 per sq ft, with Matunga East showing a notable 11.19% increase. Meanwhile, Shivaji Park and Dadar West are priced at ₹150 per sq ft, reflecting the stable rental climate of the broader region. Apartment rentals in the area remain consistent at an average of ₹150 per sq ft. This sector has seen a positive 0.6% change, signaling steady demand for residential rental spaces in Matunga West. Prashant CHS Matunga leads the rental market with rates reaching ₹225 per sq ft, marking a significant 93.97% shift. Wadhwa Pristine also performs well at ₹201 per sq ft with a 4.15% increase, while Sanghvi Majestic shows a strong 11.59% growth, reaching ₹183 per sq ft. These projects reflect the premium rental appeal of the locality.
Rental demand is robust across all unit types, with 3 BHK apartments commanding an average of ₹1.63 Lakh per month. 2 BHK units are also popular, averaging ₹1.36 Lakh per month, while 1 BHK apartments provide a steady option at ₹58,100 per month. Studio units round out the market, averaging ₹32,500 per month, meeting the needs of diverse tenants.
Rental rates vary across the vicinity, with Kasaravadi commanding the highest at ₹250 per sq ft. Matunga and Matunga East both offer competitive rates of ₹150 per sq ft, with Matunga East showing a notable 11.19% increase. Meanwhile, Shivaji Park and Dadar West are priced at ₹150 per sq ft, reflecting the stable rental climate of the broader region.
Apartment rentals in the area remain consistent at an average of ₹150 per sq ft. This sector has seen a positive 0.6% change, signaling steady demand for residential rental spaces in Matunga West.
Frequently Asked Questions About Property Rates in Matunga West, Mumbai
What is the current average asking price in Matunga West as of June 2026?
The average asking price in Matunga West is ₹48,950 per sq ft as of June 2026. This figure reflects a market depreciation of 2.41% compared to the previous period, suggesting a slight softening in seller expectations or a shift in the mix of available inventory in the locality.
How do property prices in Matunga West compare to the Government Registration Rate?
As of June 2026, the average asking price in Matunga West stands at ₹48,950 per sq ft, while the Government Registration Rate is ₹40,750 per sq ft. This gap indicates that the current market valuation for residential apartments in the area is notably higher than the baseline rates used for official registration purposes.
What is the recent price trend for property in Matunga West?
The property market in Matunga West has experienced a mixed trajectory, with the average asking price moving from ₹50,200 per sq ft in December 2025 to ₹48,950 per sq ft in March 2026. This downward movement in the quarterly trend highlights a period of price adjustment, which may present potential entry points for buyers looking to invest in this established residential hub.
How do property rates in Matunga West compare with nearby localities?
Property rates in Matunga West, currently at ₹48,950 per sq ft as of June 2026, sit in the mid-to-high range compared to surrounding areas. For context, neighbouring locations show varied pricing, such as Dadar West at ₹57,200 per sq ft (which appreciated by 3.19%) and Wadala at ₹37,250 per sq ft (which appreciated by 2.52%), reflecting the diverse premium and value segments available within this part of Mumbai.
How does property status influence pricing in Matunga West?
Property pricing in Matunga West varies significantly by construction status as of June 2026. Ready To Move units are priced at ₹40,750 per sq ft (depreciating by 1.71%), while Under Construction projects command a higher average of ₹45,450 per sq ft, despite a depreciation of 8.11% in that segment. Additionally, Well Occupied projects are valued at ₹43,250 per sq ft, showing a notable appreciation of 7.83%.
What is the average rental rate and rental yield in Matunga West?
As of June 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 locality currently offers a rental yield of 4.12%, a key metric for investors which represents the annual rental income relative to the capital investment in the property.
What is the BHK-wise rental pattern in Matunga West?
Rental rates in Matunga West vary by unit size as of June 2026, catering to different tenant profiles. Studio apartments average ₹32,500 per month, 1 BHK units average ₹58,100 per month, 2 BHK units average ₹1.36 Lakh per month, and 3 BHK units average ₹1.63 Lakh per month. These figures provide a clear picture of the monthly commitment required for different configurations in the locality.
Which projects in Matunga West command the highest rental rates?
As of June 2026, premium rental projects in Matunga West include Prashant CHS Matunga at ₹225 per sq ft (which appreciated by 93.97%), Wadhwa Pristine at ₹201 per sq ft (which appreciated by 4.15%), and Shree Chamunda Heights at ₹200 per sq ft. These projects represent the higher end of the rental market, often attracting tenants due to their specific amenities, building quality, or strategic location within the neighbourhood.
Which developers have the highest transaction activity in Matunga West?
The Wadhwa Group leads the transaction activity in Matunga West with 4 recorded transactions, followed by Nitin Shantilal Gada and Eighty Nine Buildcon, each with 2 transactions as of June 2026. Suraj also maintains a presence in the market with 1 transaction, indicating a mix of established and active developers shaping the residential landscape of the area.
How should a buyer interpret the transaction data for top projects in Matunga West?
Transaction data for top projects like Wadhwa Pristine, which recorded 3 transactions at ₹58,450 per sq ft, helps buyers gauge market liquidity and project desirability. While Wadhwa Pristine saw a depreciation of 13.82% in its rate, the consistent transaction volume suggests sustained interest from buyers, allowing investors to compare these figures against the broader locality average of ₹48,950 per sq ft to assess value.
