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.
Estimated Property Prices in Matunga Road
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.
Branded and newly redeveloped towers, such as 153 Skye and Spenta Medius, trade higher — roughly ₹55,000–62,000/sq.ft. A 3 BHK at Spenta Medius (1,140 sq.ft carpet) is listed around ₹6.49 Cr.
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.
Matunga West Property Price Trend
Independent portal data shows the Matunga West average rising from ₹48,981/sq.ft (Mar 2025) to ₹50,178 (Dec 2025).
Earlier points are derived from published appreciation data for property rates in Matunga West (+17.9%/5yr, +12.7%/3yr).
Estimate Your Property’s Value
Enter the carpet area and configuration of a property in Matunga West 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 West
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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.
Supply is the defining constraint. Much of the West is heritage-listed low-rise with tight redevelopment rules, so new stock is rare and branded projects like 153 Skye and Spenta Medius command a clear premium.
Mahindra Lifespace was named preferred developer for a 1.53-acre Matunga redevelopment with a gross development value of about ₹1,010 crore in late 2025.
Near King’s Circle, small office units let at roughly ₹280–300/sq.ft/month; the West itself is almost entirely residential, with retail along the market lanes and the well-known South Indian eatery belt.
What Affects Prices in Matunga West
Frequently Asked Questions
Common questions about property rates in Matunga West, covering residential and rental figures.
What is the current property rate 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.
Is Matunga West more expensive than Matunga East?
Yes, but only by a small margin — roughly 6%. Property rates in Matunga West carry a premium for the Five Gardens low-rise precinct and its limited redevelopment supply.
Matunga East, on the Central and Harbour lines around King’s Circle, is busier and has more new supply coming through, which keeps its blended rate a little lower.
What is the average rent in Matunga West?
Based on independent market research, a 1 BHK in Matunga West rents for roughly ₹50,000–65,000/month, a 2 BHK ₹95,000–1.45 Lakh/month, and a 3 BHK ₹1.60–2.20 Lakh/month. The gross yield is around 4%, high for South Mumbai, on strong institutional and student demand.
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 West is bracketed by independent sources between ₹49,000 and ₹52,400/sq.ft; registered deals average near ₹40,000/sq.ft over the year to March 2026.
The Ready Reckoner shown is an estimate from the Matunga zone band; no single current locality figure is published at this level. Actual prices vary by building, floor, aspect and negotiation. Use the enquiry form above for a precise, property-specific estimate.
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