Matunga property rates
Mumbai · price per sq ft and trends · updated September 2026
Homes in new projects in Matunga, Mumbai are listed at about ₹52,400 per sq ft in September 2026, which is 46% above the Mumbai median of ₹36,000.
Across the 4 projects we could price, rates run from ₹42,500 at Wadhwa Pristine to ₹72,500 at Godrej Five Garden.
2 of the 4 projects here are ready to move.
Project-wise rates in Matunga
| Project | Developer | Rate per sq ft | Starting price | Status |
|---|---|---|---|---|
| Godrej Five Garden | Godrej Properties | ₹72,500 | ₹7.57 Cr | New Launch |
| Kalpataru Matru Ashish | Kalpataru Group | ₹57,800 | ₹9.44 Cr | Ready to Move |
| Lodha Divino | Lodha | ₹46,950 | ₹3.65 Cr | New Launch |
| Wadhwa Pristine | The Wadhwa Group | ₹42,500 | ₹2.14 Cr | Ready to Move |
Flat prices in Matunga by BHK
| Configuration | Typical size | Price range | Typical price |
|---|---|---|---|
| 2 BHK | 747 sq ft | ₹3.11 Cr – ₹3.65 Cr | ₹3.27 Cr |
| 3 BHK | 1,613 sq ft | ₹5.13 Cr – ₹10.50 Cr | ₹9.44 Cr |
| 4 BHK | 1,991 sq ft | ₹7.35 Cr – ₹13.80 Cr | ₹10.57 Cr |
Matunga price trend
We started recording Matunga's rate in Sept 2026. A month-by-month trend appears here as new readings are added each month.
How these rates are worked out
Each project's rate is the median of its listed unit prices divided by the unit sizes the developer publishes. The locality and city figure is the median across projects, so one very expensive or very cheap project does not pull the number around. Figures are indicative, rounded to the nearest ₹50 and refreshed as prices change; the reading for September 2026 is saved so the trend builds up month by month.
Developers quote sizes differently: some give carpet area, others super built-up area, so a rate here can differ from what a sales office quotes. They are asking prices from new-project price sheets, not registered sale prices or the government circle rate. Always confirm the current price sheet and the circle rate before you book.
FAQs on Matunga property rates
What is the property rate in Matunga, Mumbai?
Based on 4 projects listed on IndiProp, the median asking rate in Matunga, Mumbai is about ₹52,400 per sq ft as of September 2026.
Is Matunga expensive compared with the rest of Mumbai?
Matunga's median rate is 46% higher than the Mumbai median of ₹36,000 per sq ft. Localities with similar rates include Byculla, Wadala, Mahalaxmi.
How much does a 2 BHK cost in Matunga?
2 BHK homes in Matunga are listed from ₹3.11 Cr to ₹3.65 Cr, typically around ₹3.27 Cr.
How much does a 3 BHK cost in Matunga?
3 BHK homes in Matunga are listed from ₹5.13 Cr to ₹10.50 Cr, typically around ₹9.44 Cr.