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Property Rates in Matunga East, Mumbai (2026)

These are the latest property rates in Matunga East, Mumbai — the King’s Circle side of Matunga on the Central and Harbour lines — with configuration-wise price estimates, rental figures, and how Matunga East compares with Matunga West.

Residential · Sale
₹49,000/sq.ft
asking rate
Residential · Rent
₹57K–2.55L/month
1–3 BHK
New / Branded Stock
₹52K–60K/sq.ft
Kalpataru, Sugee, Hubtown
Rental Yield
~3%
gross
Indicative Transaction Benchmark₹38,000/sq.ft
Govt. Ready Reckoner (built-up area)~₹23,500/sq.ft (est.)
Matunga Localities Rank#2 of 2
5yr / 1yr Appreciation+15.8% / +0.8%
Asking, transaction, BHK and rental rates below are on a carpet-area basis (per RERA’s mandatory quoting requirement) — the Govt. Ready Reckoner rate is the one exception, calculated on built-up area under separate state stamp-duty rules. Based on independent property-market research and government registration records, updated 6 September 2026 · see full breakdown and sourcing below

Estimated Property Prices in Matunga East

1 BHK
market listings
₹1.75 – 2.55 Cr
2 BHK
market listings
₹3.20 – 4.10 Cr
3 BHK
market listings
₹5.00 – 7.10 Cr

These property rates in Matunga East reflect actual listed prices on a carpet-area basis, across King’s Circle, Bhau Daji Road, Sir Bhalchandra Road and the Aurora Talkies precinct.

Branded redeveloped towers — Kalpataru, Sugee, Hubtown Harmony, Tanishq Hollyhock — trade higher, roughly ₹52,000–60,000/sq.ft. A 3 BHK at Shiv Nirmal (1,400 sq.ft carpet) is listed around ₹7 Cr.

Rental Rates in Matunga East

1 BHK
avg. monthly rent
~₹57,150
2 BHK
avg. monthly rent
~₹1,26,000
3 BHK
avg. monthly rent
~₹2,55,000

From independent market research, not Asraa Realty’s own rental listings. A studio rents around ₹35,000/month. The gross rental yield in Matunga East is close to 3%, a little below the west side.

Matunga East Property Price Trend

₹49.5k ₹45.75k ₹42k 2021 ₹42.3k 2023 ₹43.1k Sep ’25 ₹48.65k 2026 ₹49.0k↑ Asraa’s own tracking starts here

The rate rose sharply into 2025 and has been near flat over the last year (+0.8%).

Earlier points are derived from published appreciation data for property rates in Matunga East (+15.8%/5yr, +13.7%/3yr).

Estimate Your Property’s Value

Enter the carpet area and configuration of a property in Matunga East to get an instant range, between the indicative transaction benchmark and the current asking rate.

Estimate only, based on carpet area (per RERA’s mandatory quoting rule) — actual value depends on the specific unit.

Estimated Value
₹2.85 Cr – ₹3.68 Cr
Low end: indicative transaction benchmark (₹38,000/sq.ft) · High end: asking rate (₹49,000/sq.ft)

This is a quick estimate using this locality’s researched transaction and asking rates. For a precise, property-specific valuation, get an exact valuation.

Live Listings in Matunga East

No live Asraa Realty listings in Matunga East right now.

Tell us what you’re looking for and we’ll alert you the moment a matching property comes up. Register your requirement → or browse current listings on the Matunga West side.

Matunga Localities

LocalityRatevs Matunga East
Matunga West / Matunga Road₹52,000+6%
Matunga East (this locality)₹49,000

Both Matunga localities Asraa Realty tracks are independently researched and cross-verified as of 6 September 2026.

The two sides are close in price. Matunga East, on the Central and Harbour lines around King’s Circle, is the busier, more commercial side; it has seen roughly twice as many registered deals as the west over the past year, mostly through redevelopment projects.

Talk to an advisor about Property Rates in Matunga East, Mumbai (2026)

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Total Cost of Buying a Property

Based on standard Maharashtra stamp duty and registration rates. These can vary by municipal corporation, gender-based concessions, and government revisions — always confirm the exact figure with your sub-registrar office before transacting.

Stamp Duty₹22.20 Lakh
Registration Fee₹30,000
Approx. Total Extra Cost₹22.50 Lakh

Note: Maharashtra stamp duty is charged on whichever is higher — the actual agreement value or the government Ready Reckoner value.

The Matunga Ready Reckoner band is roughly ₹2.5–2.8 lakh/sq.m built-up (about ₹23,500/sq.ft on the East side), an estimate from the published 2022 zone rate plus the FY 2025-26 statewide revision.

Unlike every other rate on this page, the Ready Reckoner is calculated on built-up area, not carpet area — Maharashtra’s own formula treats built-up area as carpet area × 1.20, so ₹23,500/sq.ft built-up works out to roughly ₹28,200/sq.ft on a carpet-area-equivalent basis.

You can verify the current official Ready Reckoner rate and calculate exact stamp duty on the Maharashtra IGR government portal.

About Matunga East

Matunga East is the King’s Circle side of Matunga, wrapped around the Maheshwari Udyan roundabout and served by Matunga on the Central Line and King’s Circle on the Harbour Line.

It is a dense, old-established precinct with a strong Gujarati and Jain community and one of the city’s best-known South Indian eatery clusters.

At about ₹49,000/sq.ft asking, property rates in Matunga East sit only a little below Matunga West. Government records show 191 registered deals worth ₹629 crore over the year to March 2026 — roughly double the west’s volume — with the registered average near ₹33,450/sq.ft.

That gap between asking and registered value reflects a redevelopment-heavy market: Sugee, Kalpataru, Hubtown and Shree Nidhi are all active here, and older-society and rehab allotments feature in the deal mix.

An indicative mid-point benchmark of ₹38,000/sq.ft is used on this page, with both source figures shown in the methodology note below.

King’s Circle is a genuine retail and commuter hub; small office units near the circle let at roughly ₹280–300/sq.ft/month, and NoBroker puts the King’s Circle property range at ₹38,500–58,000/sq.ft.

What Affects Prices in Matunga East

Central + Harbour line connectivity
King’s Circle retail & commuter hub
Redevelopment pipeline & society tenure
Old society vs branded new tower
Proximity to Dadar, Sion & Wadala
Eastern Express Highway access
Main-road frontage vs interior lane
Exact micro-location

Frequently Asked Questions

Common questions about property rates in Matunga East, covering residential and rental figures.

What is the current property rate in Matunga East?

The average asking rate for property rates in Matunga East is around ₹49,000 per sq.ft carpet area (as of mid-2026); independent sources put the locality between ₹48,987 and ₹49,800.

An indicative transaction benchmark — not independently verified — is around ₹38,000 per sq.ft; the registered average is lower, near ₹33,450. The government Ready Reckoner rate (built-up area) is estimated near ₹23,500 per sq.ft.

What is the price range for a flat in Matunga East?

Based on current market listings, a 1 BHK in Matunga East is typically ₹1.75–2.55 Cr, a 2 BHK ₹3.20–4.10 Cr, and a 3 BHK ₹5.00–7.10 Cr on a carpet-area basis.

Branded redeveloped towers from Kalpataru, Sugee and Hubtown sell higher, roughly ₹52,000–60,000/sq.ft.

Why is the registered rate in Matunga East lower than the asking rate?

Matunga East is a redevelopment-heavy market. Its registered-deal average (near ₹33,450/sq.ft) is pulled down by older-society sales and rehab allotments that register below open-market value.

One independent portal models the true transaction rate closer to ₹43,000/sq.ft. This page uses ₹38,000 as an indicative mid-point between the two.

What is the average rent in Matunga East?

Based on independent market research, a 1 BHK in Matunga East rents for around ₹57,150/month, a 2 BHK around ₹1.26 Lakh/month, and a 3 BHK around ₹2.55 Lakh/month, for a gross yield near 3%.

Are these rates guaranteed, and how are they calculated?

No — the asking, transaction and Ready Reckoner rates are sourced from independent third-party market research, not guaranteed or a substitute for a professional valuation.

Asraa Realty separately began recording its own monthly rate snapshot for this locality on 6 September 2026. For an exact, property-specific figure, use the enquiry form above.

About Our Property Rate Data

Rates on this page — asking, transaction benchmark, Ready Reckoner, BHK and rental figures — are drawn from independent published research and government records, not generated by Asraa Realty.

All figures are on a carpet-area basis, per RERA’s mandatory quoting requirement. The headline figure for property rates in Matunga East is bracketed by independent sources between ₹48,987 and ₹49,800/sq.ft.

On transactions, the government registered average is about ₹33,450/sq.ft (191 deals, year to March 2026) while one portal models the market transaction rate near ₹43,000; this page uses ₹38,000 as an indicative mid-point.

The Ready Reckoner shown is an estimate from the Matunga zone band. Actual prices vary by building, tenure, floor and negotiation. Use the enquiry form above for a precise, property-specific estimate.

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