Overview of Matunga East, Mumbai

Location and Connectivity

Matunga East sits right in Mumbai's heart. It’s famous for its central spot and top-notch transport connections. We can say it’s ideally placed for anyone who values quick and easy access to anywhere in the city.

Market Status

The property market in Matunga East is bustling. There’s a solid craving for both homes and shops. From flats to homes and various commercial spots, the area caters to many kinds of buyers and their wallets.

Types of Properties Available

Residential Properties

• Apartments: Many folks are keen on buying an apartment here. More projects are popping up, with many more on the drawing board. Apartments have modern features like 24/7 security, elevators, and power backup.
• Variety of BHK Options: There are 1 BHK, 1.5 BHK, 2 BHK, 3 BHK, and even bigger places. Prices start at ₹60,000 per 1 BHK and go up to ₹2.5 lakhs for a 3 BHK or bigger.

Commercial Properties

• Growing Demand: Businesses and offices are sprouting up quickly. This bump in new ventures means rental spots are filling up and adds to the local boom.

Price Trends

For Sale

• Starting Price: Property prices here start at ₹10,000 per square foot, hitting an average of ₹46,045 per square foot, and soaring up to ₹72,192 per square foot.
• Property Listings: Around 395 properties are up for grabs, opening loads of choice for buyers.

For Rent

• Rental Prices: Rentals go from ₹17,000 to ₹2.5 lakhs per month. A 1 BHK typically falls within ₹50,000 to ₹70,000, while a 3 BHK can stretch from ₹1.1 lakhs to ₹2.5 lakhs.
• Furnished and Semi-Furnished Options: There are both ready-to-use and partial furnished choices, taking care of different likes and budgets.

Amenities and Lifestyle

Community and Infrastructure

• Central Location: Families love Matunga East for its central location, good schools, and medical care.
• Infrastructure Development: Things are getting better. New roads, bridges, and flyovers are in the works, promising more convenience in time.

Societies and Neighbourhoods

• Popular Societies: Places like Shree CHS, Ikebana, Ishan CHS, Amrut Apartment, and Godrej Five Gardens attract a lot. Every one offers its own vibe with prices ranging ₹70,000 to ₹2.5 lakhs.

PropertyWala's Summary

Matunga East stands out as a top pick for people buying or renting due to its fantastic links, active community, and modern amenities. The property market here is set to grow. With so many choices, it appeals to all – families, solo workers, and businesses alike. Be it budget-friendly or luxurious, there’s something for everyone.