New Launch - India Real Estate Report 2026.

Matunga

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Avg. Rate

26,012/sq. ft

Locality rating icon

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)

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The Good

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.

Locality price index icon

The Bad

Matunga confronts issues with regard to the availability of open areas and recreational facilities because of its dense urban surroundings,

King's CircleNear Matunga, South Mumbai, South Zone, Mumbai
Matunga RoadNear Matunga, South Mumbai, South Zone, Mumbai

Aurum Price Index for Matunga

1BHK2BHK3BHKAll

Normalized to 100 · Oct 2020 baseline

Timeline

Aurum Price Index is based on 10 parameters:

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%)

Rates and Trends

Upper PriceAverage PriceLower Price

Timeline

Average Rate

26,012/sq. ft

Average Price Range

13,35050,700

Trend (5Y)

57.9%

Nearby Neighborhoods

Dadar

Dadar, one of South Mumbai's oldest and most prominent localities, blends colonial-era charm with modern urban living. Strategically located on both the Western and Central Railway lines, it serves as a vital transit hub connecting North and South Mumbai. The area has evolved into a high-demand residential and commercial zone, marked by a dense network of well-maintained roads, bus terminals, and upcoming metro connectivity, making it a cornerstone of Mumbai’s transport infrastructure. Renowned for its rich cultural fabric, Dadar is home to iconic landmarks such as Shivaji Park, the Siddhi Vinayak Temple, and Dadar Chowpatty, contributing to its unique social identity. It offers access to some of the city’s most respected healthcare institutions, including P.D. Hinduja Hospital and Tata Memorial Hospital, alongside reputed schools and civic amenities. The locality also hosts vibrant markets like Dadar East and West markets, serving daily needs and retail demands. Real estate in Dadar is characterized by premium pricing, with an average 2BHK flat costing around ₹1.79 crore and prices averaging ₹27,423 per sq. ft. Despite high population density, the area maintains a balance with green spaces, community events, and a strong neighborhood ethos. Its mix of old-world charm, connectivity, and urban convenience makes Dadar a sought-after address in Mumbai’s South Zone.

Avg. Rate

21,791/sq. ft

Locality Rating

9.5/10

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Mahim

Mahim, a historically rich and strategically located neighborhood in South Mumbai, seamlessly blends residential elegance with industrial vitality. Nestled between the Arabian Sea and the bustling urban core, it features a mix of high-rise apartments, heritage homes, and commercial complexes that reflect its evolving identity. Its prime location along the Mumbai Suburban Railway’s Western Line ensures robust daily commuter access, while proximity to key business districts enhances its appeal for professionals and investors alike. The locality has witnessed steady real estate appreciation, with an average 2BHK property priced at ₹2.5 crore and average rates hovering around ₹39,581 per sq. ft. A total of 42 residential and mixed-use projects contribute to its dynamic housing landscape, catering to both luxury and mid-segment buyers. Ongoing infrastructure developments, including the Colaba-Bandra-SEEPZ Metro, are set to further boost Mahim’s connectivity and urban efficiency. Residents benefit from a well-rounded lifestyle supported by top-tier institutions, healthcare centers, and shopping hubs within close reach. Mahim Junction serves as a key transit node, linking the Western and Central Railway lines, while major roads like SV Road, Western Express Highway, and the Sion-Bandra Link Road ensure smooth vehicular movement. This confluence of heritage, convenience, and modernity makes Mahim a sought-after enclave in Mumbai’s southern belt.

Avg. Rate

25,000/sq. ft

Locality Rating

8.9/10

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Antop Hill

Antop Hill, located in South Mumbai’s 400037 PIN code area, lies east of the Harbour Line railway and forms part of the city’s historic South Zone. The locality traces its name to Antoba, a Marathi landowner, which over time was anglicized to 'Antop'. Developed primarily in the late 1950s, the area is anchored by the Central Government Staff (CGS) Housing Colony, a planned residential enclave built to accommodate central government employees from departments such as Customs, Income Tax, Indian Navy, and Sales Tax. Situated between Kings Circle to the north and Wadala to the south, Antop Hill enjoys strategic connectivity via rail, road, and Mumbai’s first monorail. The Eastern Express Highway and Eastern Freeway provide swift access to eastern suburbs and South Mumbai, while Kings Circle Railway Station on the Harbour Line ensures seamless rail connectivity. The monorail, running from Chembur to Sant Gadge Maharaj Chowk, further enhances multimodal transport options. Real estate in Antop Hill is a mix of government housing, private apartments, and emerging residential projects, with an average 2BHK price of ₹1.91 crore and a per sq. ft. rate of ₹30,523. Though primarily residential, the area also hosts commercial pockets and small-scale industries. Its proximity to employment hubs like Lower Parel, Wadala, and the upcoming Mumbai Trans Harbour Link makes it a sought-after yet evolving neighborhood in South Mumbai.

Avg. Rate

17,925/sq. ft

Locality Rating

6.3/10

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Wadala

Wadala, located in South Mumbai's Central Suburbs, is a rapidly evolving residential and educational hub that blends urban convenience with academic prominence. Historically an industrial and transportation node, Wadala has transformed into a sought-after locality due to its strategic location between South Mumbai and the Eastern Suburbs. The area is home to premier institutions like the Institute of Chemical Technology (ICT) and Veermata Jijabai Technological Institute (VJTI), attracting students and faculty, which in turn fuels demand for housing and local amenities. Real estate in Wadala is marked by a mix of mid-rise and high-rise residential towers, with 23 ongoing and completed projects offering modern living spaces. The average price for a 2BHK apartment stands at approximately Rs. 2.93 Crore, with per square foot rates averaging Rs. 38,871, reflecting its growing appeal among professionals and investors. Proximity to business districts like Parel, Lower Parel, and Dadar enhances its residential desirability. Connectivity is a major strength, with access to the Central Railway line via Wadala Road and Dadar stations, the Mumbai Monorail (Wadala Depot and Wadala Bridge stations), and key road arteries like the Eastern Freeway and Sion-Panvel Highway. This multimodal connectivity, combined with the presence of hospitals, schools, and shopping centers, makes Wadala a well-rounded neighborhood in Mumbai’s South Zone.

Avg. Rate

19,927/sq. ft

Locality Rating

6.8/10

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Frequently Asked Questions

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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