Avg. Rate
₹ 26,012/sq. ft
Locality Rating
9.5/10
Matunga, located in South Mumbai’s central zone, is one of the city’s earliest planned residential neighborhoods, developed under the 1899–1900 Dadar–Matunga–Wadala–Sion scheme to decongest the southern parts of the city and improve urban living standards. Nestled between Dadar to the south and Sion to the north, it enjoys strategic connectivity via three major suburban railway lines: the Central Line (Matunga station), Western Line (Matunga Road station), and Harbour Line (King's Circle station), making it a vital transit hub in Mumbai’s rail network. The locality has evolved into a prominent educational and cultural hub, housing esteemed institutions like VJTI, Institute of Chemical Technology, Ramnarain Ruia College, and Guru Nanak Khalsa College—all accredited by NAAC. Its real estate market reflects sustained demand, with an average 2BHK price of ₹2.02 crore and a per sq. ft. rate of ₹32,315, driven by its established infrastructure and proximity to business districts. Matunga is celebrated for its multicultural fabric, particularly its strong South Indian community influence, evident in iconic eateries like Cafe Madras, Idli House, and Anand Bhavan. The area also features a vibrant flower market and aromatic filter coffee stalls, adding to its unique urban charm, while its dense built-up environment presents challenges in terms of open spaces and recreational areas.
Region
South Mumbai
City
Mumbai
District
Mumbai
State
Maharashtra
Pincode
400019
Population
1,50,000
Schools
5
Nearest Airport
Chhatrapati Shivaji Maharaj International Airport (BOM)
Matunga is well known for having a high concentration of esteemed educational establishments.
Matunga is renowned for having a multicultural population with members from a range of ethnicities and cultures.
Located in the heart of Mumbai, Matunga has great road and train connections to other areas of the city.
Well connected with Central and Western Line Railway Stations.
Matunga confronts issues with regard to the availability of open areas and recreational facilities because of its dense urban surroundings,
Normalized to 100 · Oct 2020 baseline
Timeline
Property Listing Trends
(12%)
RERA Inventory & Sales Velocity
(13%)
IGR Transaction Data
(15%)
Rental Yield
(10%)
Pollution & Environment
(08%)
Infrastructure & Connectivity
(13%)
Social Infrastructure
(08%)
Crimes & Safety
(08%)
Political Stability
(06%)
Corruption & ease of doing business
(07%)
Timeline
Average Rate
₹ 26,012/sq. ft
Average Price Range
₹ 13,350 – 50,700
Trend (5Y)
▲ 57.9%
Rates and Trends
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The information provided on this page is collated from publicly available resources. PropTech Pulse does not guarantee the accuracy, completeness, or authority of this data and shall not be held liable for any discrepancies. For queries or further assistance, please contact us at pulse@aurumproptech.in


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