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Commercial Properties Under 7 Crore for sale in Bal Govindas Road Matunga, Matunga, Mumbai
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About Properties In Bal Govindas Road, 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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