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About Properties In Matunga, Mumbai for Sale
Overview of Matunga
- Matunga is a popular locality and a prominent part of South .
- The locality is known to offer a variety of properties satisfying every homebuyer.
- It comprises an excellent mix of Residential & Commercial properties.
- It is home to several historical landmarks, reflecting a rich cultural heritage.
- Matunga is considered one of the ideal localities for its good connectivity.
- Matunga is famous for its lush greenery, offering a good environment for the residents to live in.
- The Pin Code for Matunga is 400019.
Matunga Residential Market Insights
- The average price for a flat in Matunga is ₹ 47,000 per sq. ft.
- The price for 1 BHK Flat in Matunga can range between ₹ 50 lakh - ₹ 2 crore.
- The price for 2 BHK Flat in Matunga can range between ₹ 1.60 crore - ₹ 4 crore.
- 3 BHK Flat in Matunga can approximately cost around ₹ 3.5 crore - ₹ 5.90 crore.
- 4 BHK Flat in Matunga can cost approximately around ₹ 5 crore - ₹ 10 crore.
- The exact price for a Flat in Matunga may vary depending on the total carpet area, location of the project, the developer, and the amenities offered.
- Matunga is considered one of the best rental locations due to its proximity to major commercial and business landmarks.
- The average monthly rental value for a Flat in Matunga is around ₹ 50,000 - ₹ 1,10,000.
Connectivity and Transportation In Matunga
- Matunga is known for its good connectivity & offers smooth road and rail transportation options.
- Matunga Railway Station serves the locals with seamless connectivity.
- Major roads like Eastern Express Highway & Western Express Highway ensure smooth and vast road connectivity.
- Other key roadways such as Matunga Road, King’s Circle Flyover, Eastern Freeway, & Senapati Bapat Marg enhance connectivity in Matunga.
- Public Transportation, such as Buses, Autos, and Cabs, is available frequently, boosting travel for the locals.
- Prominent localities like Dadar, Sion, Mahim, & Wadala are within close proximity.
- Chhatrapati Shivaji Maharaj International Airport is around 9 km away.
Social Infrastructure In Matunga
- Popular Educational Institutions such as Don Bosco High School, Victoria High School, Swami Vivekanand College, Veertmata Jijabai Technical Institute, etc., are nearby.
- Reputed Medical Facilities in and around Matunga include Hinduja Hospital, Surlata Hospital, Dhanvantari Hospital, Pai Hospital, Dr. Thakur Hospital, etc.
- Shopping Centres such as High Street Phoenix Mall, Atria Mall, Reliance, & Star Mall serve the shopping needs of the residents here.
- The famous Shanmukanand Auditorium is located in Matunga.
- Matunga is a good area with easy access to important facilities, modern conveniences, and green surroundings.
Employment Opportunities In Matunga
- Matunga is one of the preferred locations due to its close proximity to major commercial and business units.
- Employment hubs such as Peninsula Corporate Park, Indiabulls Finance Center, Exxonmobil Co. India, etc., are located in the vicinity.
- Industrial Estates such as Mahalaxmi Industrial Estate, Parvati Industrial Estate, Hiren Industrial Estate, & Manoj Industrial Estate are within proximity.
- Popular and Major Office Hubs like Bandra Kurla Complex (BKC) and Lodha Excelus are only 8 km away from Matunga.
- A variety of businesses, including Restaurants, Beauty Salons, Real Estate offices, and Small-scale Businesses, also serve as an employment option here.
Lifestyle In Matunga
- Residents of Matunga enjoy a convenient and modern lifestyle.
- There are several Gardens and Parks in Matunga, including Five Gardens, Nanalal D Mehta Garden, Maheshwari Udyan, etc.
- Sports Clubs here offer a wide variety of sports like Swimming, Table Tennis, Karate, Yoga, Zumba, Badminton, Cricket, Squash, etc, allowing quality sports time.
- Along with usual Gyms, Matunga also offers Matunga Gymkhana & Indian Gymkhana, enhancing sports experience for the locals.
Safety and Security In Matunga
- Matunga is well-developed and one of the safest localities located in South .
- Most public spaces are covered under CCTV surveillance for safety purposes.
- Police Stations are available day and night to ensure the security of the residents.
- Police Patrolling is carried out 24x7 here; it is especially heavier at night.
Development and Future Prospects In Matunga
- Matunga Railway Station is set to get redeveloped to serve better amenities & services.
- Matunga East will benefit from the Green Metro Line via Wadala Stop.
- The renovation of Matunga Bridge & Curry Road Bridge will enhance commuter travel.
- The extension of Aqua Line 3 will link Matunga West to Cuffe Parade.
- With the increasing demand for housing properties, the development of several residential projects will be upcoming.
Cultural and Community In Matunga
- The residents of Matunga enjoy a diverse and vibrant community.
- Various festivals and traditions are celebrated together by the residents, promoting & flourishing unity.
- Several Historical Landmarks in & around Matunga include Dr. Babasaheb Ambedkar International Memorial, Chhatrapati Shivaji Maharaj Statue, Shrine of Don Bosco, Mahim Fort, Ram Ganesh Gadkari Memorial, etc.
Environmental Factors In Matunga
- The famous Panchgani Park & Tejookaya Park contribute to the green belt in Matunga, enhancing the green spaces & serene environment.
- There are several parks and gardens in Matunga allowing the residents to unwind, relax, and spend some quality leisure time.
- The air quality in Matunga is moderate, considering the ongoing developments and constructions in & around the locality.
Flat Configuration In Matunga
- Matunga offers flat configurations of 1 BHK, 2 BHK, 3 BHK, and 4 BHK.
- The residential areas in Matunga have a wide range of 2 BHK & 3 BHK flats.
- 2 BHK is the most preferred flat configuration by homebuyers in Matunga.
- The majority of homebuyers prefer properties that cost over 60 lakhs in Matunga.
- Independent houses, Villas, and plots are also available in this locality.
- Some projects in Matunga also offer Bare Shell units that allow easy customization & flexibility to the homebuyer.
Property Price Growth In Matunga
- Matunga has witnessed an average price appreciation of 6.2% in the last 3 Years.
- With the increasing demand for housing properties and improving amenities, the value of property in Matunga increases consistently.
- The influx of working professionals in the locality, along with improving connectivity, leads to higher rental value.
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Frequently Asked Questions
What are the popular residential areas in Matunga?
Some of the top residential areas in Matunga include Matunga.
What types of properties are available in Matunga?
Matunga offers Apartment, Commercial Office, catering to various budget segments.
What is the average property price in Matunga?
The average property price in Matunga ranges from ₹46,188 to ₹50,100 per sq.ft., depending on the location and amenities.
What are the major connectivity options in Matunga?
Matunga is well-connected via Kings Circle, Dadar, Wadala Rd, Byculla, Chinchpokli.
What are the metro stations in and around Matunga?
The metro stations in and around Matunga include key stops such as Mumbai, Karnataka Bank - Sion (E) Branch, ACTIVE MEDICAL AND REHABILITATION SERVICES PVT LTD, Shitladevi Temple, Dadar, providing convenient connectivity to major areas.
Are there affordable housing options in Matunga?
Yes, areas like offer budget-friendly housing options in Matunga.
Are there luxurious housing options in Matunga?
Areas like Deodhar Road, Near Bhaudaji Road, Near KA Subramanyam Road, Takandas Kataria Marg, Bal Govindas Road with price range above ₹9.36 Cr are known for luxurious residences in Matunga
Are there luxurious housing options in Matunga priced above ₹1 crore?
Yes, Matunga offers several luxurious housing options priced above ₹1 crore, featuring premium amenities, spacious interiors, and prime locations.Top 5 properties are:
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