Located in the central part of Mumbai, Matunga East is a well-developed area in Mumbai. It is a mixture of both residential colonies and vibrant retail markets. The area has a multilingual and multicultural population mainly consisting of Gujarati, South Indian, Parsi and Jain communities. It has both builder floors and independent housing and it is a posh locality.
The main market in Matunga is the Lal Bahadur Shastri Market. It has multiple shops and hawkers selling vegetables, clothes, jewellery and groceries. However, Matunga East does not have either a meat market or a fish market and the nearest shops for poultry and fish are in Matunga West, Wadala and Dadar.
As there is a huge South Indian population in Matunga, the flower market here is quite popular in the entire Mumbai. The Giri Stores and Madras Concerns are a few famous South Indian shops in Matunga. The famous Chheda Stores and Gupta’s are also present here.
Due to all the above reasons, the commercial, as well as the residential property price in Matunga, is high. Even a 300 sq ft shop in Matunga would cost you 1 Cr or more. You can still search for a low-budget commercial property on Matunga Road on NoBroker. You can apply filters such as budget, property type, built-up area and so on.
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I want a small budget shop in Matunga East in a small size area. Plz suggest options and whats the rate?
A.venugopal
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5 Year
2020-11-05T00:28:08+00:00 2020-12-15T13:49:01+00:00Comment
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