These are the latest property rates in Matunga Road, Mumbai — the western, low-rise side of Matunga around Five Gardens and the college belt — with configuration-wise price estimates, rental figures, and how Matunga West compares with Matunga East.
Property Rates in Matunga Road by BHK
These property rates in Matunga West reflect actual listed prices on a carpet-area basis — the Five Gardens precinct, Bhandarkar Road, Telang Road and the Ruia–Podar–Khalsa college belt.
Rental Rates in Matunga West
From independent market research, not Asraa Realty’s own rental listings. Matunga West’s gross rental yield is around 4% — higher than most of South Mumbai — helped by demand from students and faculty at the Ruia, Podar, Khalsa and VJTI institutions.
Property Rates in Matunga Road: Price Trend
Independent portal data shows the Matunga West average rising from ₹48,981/sq.ft (Mar 2025) to ₹50,178 (Dec 2025).
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Matunga Localities
| Locality | Rate | vs Matunga West |
|---|---|---|
| Matunga West / Matunga Road (this locality) | ₹52,000 | — |
| Matunga East | ₹49,000 | -6% |
Both Matunga localities Asraa Realty tracks are independently researched and cross-verified as of 6 September 2026.
The two sides of Matunga are close in price. Matunga West carries a modest premium for its Five Gardens low-rise character and heritage-precinct scarcity; Matunga East is the busier King’s Circle side with more redevelopment supply coming through.
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Chat on WhatsApp or call +91 96199 73211About Matunga West
Matunga West is the low-rise, tree-lined side of Matunga, built around the Five Gardens layout and Matunga Road station on the Western Line. It is one of Mumbai’s oldest planned residential precincts, home to the Ruia, Podar and Khalsa colleges and a long-settled Tamil-Brahmin community.
At about ₹52,000/sq.ft asking, property rates in Matunga West are the higher of the two Matunga localities Asraa Realty tracks. Registered deals here average close to ₹40,000/sq.ft, from 91 transactions worth ₹238 crore over the year to March 2026.
What Affects Prices in Matunga West
Frequently Asked Questions
Common questions about property rates in Matunga West, covering residential and rental figures.
What are the current property rates in Matunga West?
The average asking rate for property rates in Matunga West is around ₹52,000 per sq.ft carpet area (as of mid-2026); independent sources put the locality between ₹49,000 and ₹52,400.
An indicative transaction benchmark — not independently verified — is around ₹40,000 per sq.ft. The government Ready Reckoner rate (built-up area) is estimated near ₹24,500 per sq.ft.
What is the price range for a flat in Matunga West?
Based on current market listings, a 1 BHK in Matunga West is typically ₹1.86–2.71 Cr, a 2 BHK ₹3.50–4.30 Cr, and a 3 BHK ₹5.50–7.10 Cr on a carpet-area basis.
Branded and newly redeveloped towers such as 153 Skye and Spenta Medius sell higher, roughly ₹55,000–62,000/sq.ft.
Property rates in Matunga Road on this page are indicative, on a carpet-area basis, from current listings and published research. The Ready Reckoner rate is set by IGR Maharashtra. These figures are not a valuation.
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