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Matunga is a premium residential locality situated in South-Central Mumbai, bordering Dadar, Wadala, and Sion. The pin code of Matunga is 400019. This quiet neighborhood houses a large South Indian community and features the historic Five Gardens. Families here send children to Don Bosco High School and visit Lokmanya Tilak Municipal General Hospital. The Dadar Metro Station on Metro Line 3 is the nearest transit point at 2 km. Dr. Babasaheb Ambedkar Road links the area, keeping Matunga Railway Station just five minutes away. Property rates in 2026 range from Rs. 38,000 to Rs. 55,000 per sq ft, dominated by mid-rise apartments that attract buyers seeking central access.
| Locality | Property Price per sq ft* |
|---|---|
| Matunga mumbai | Rs. 38,000 to Rs. 55,000 |
| Configuration | Average Rental Rate* |
|---|---|
| 1 BHK for rent | Rs. 45,000 to Rs. 60,000 |
| 2 BHK for rent | Rs. 65,000 to Rs. 85,000 |
| 3 BHK for rent | Rs. 90,000 to Rs. 110,000 |
Matunga real estate shows steady demand due to its central location and peaceful residential character. Buyer interest remains strong, with average apartment prices ranging from Rs. 38,000 to Rs. 55,000 per sq ft. The market experienced a 7.9% appreciation in property values over the past year. Rental rates have adjusted, ranging between Rs. 45,000 and Rs. 110,000 per month depending on the flat size. This price correction represents a 16.7% depreciation in rental values, offering better entry points for tenants. Modern redevelopments continue to attract premium buyers to this traditional neighborhood. (* As of August 22, 2026)
Here are some of the important landmarks holding historical and cultural importance:
Five Gardens is a prominent landmark in Matunga. Some more include:
Matunga is well-connected through Dr. Babasaheb Ambedkar Road and the following roads:
Dadar Metro Station on the Metro Line 3 is the closest public transit option, located 2 km away. Some more include:
The nearest railway station and airport are Matunga Railway Station, which is located 0.5 km away, and others:
Matunga is well-equipped with numerous top educational institutions, such as Don Bosco High School and Institute of Chemical Technology (ICT), along with:
Some reputed healthcare places near Matunga include Lokmanya Tilak Municipal General Hospital, and others:
You can access High Street Phoenix and Palladium Mall easily from Matunga mumbai. Some more include:
These localities are located around Matunga:
Here are some of the major employment centres near Matunga:
The popular landmarks within Matunga are:


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