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.
Estimated Property Prices in Matunga East
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
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
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.
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
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Matunga Localities
| Locality | Rate | vs 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.
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Chat on WhatsApp or call +91 96199 73211About 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
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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