EL Mejor Sold Out in Matunga
As of 5 Nov 2026, EL Mejor in Baba Saheb Ambedkar Rd, Hindu Colony, Matunga by Arth Housing Developers Ltd is a sold out 1.5, 2 & 3 BHK residential project at ₹57,113/sq ft, MahaRERA possession Mar 2021.
📍 Baba Saheb Ambedkar Rd, Hindu Colony, Matunga · by Arth Housing Developers Ltd
EL Mejor is a sold out residential project by Arth Housing Developers Ltd at Baba Saheb Ambedkar Rd, Hindu Colony, Matunga. The configurations on record are 1.5, 2 & 3 BHK, about 400–1,400 sq ft carpet. Project facts and property enquiries for EL Mejor, Matunga. Recorded developer status is separate from resale and rental availability; reconfirm each listing.
Mumbai Property Exchange (MahaRERA agent A51800043517) · Real Estate Mumbai · since 1995
EL Mejor: price, rent, infrastructure and growth
| Measure | Figure | What it means |
|---|---|---|
| Project pricing | ₹57,113 /sq ft · ₹2.41 Cr – ₹8.17 Cr | Developer rate on record. Confirm the carpet basis and current price list. |
| Matunga micro-market rate | ₹47,227 /sq ft | Resale median across 30 live Matunga listings; middle half ₹43,797–₹52,253. This project asks 21% more than resale. |
| Rent potential | ₹177 /sq ft a month · 2 BHK ≈ ₹1.08 L/mo | Median asking rent in Matunga, 17 live listings. At the project rate that is about 3.7% gross a year before costs. |
| Scope of capital appreciation | Moderate | Because of: rental yield around 3.7%. Our reading of the figures above, not a forecast or advice. Speak to our team before you invest. |
About these comparisons
Comparisons use listing verification recorded within 90 days, exclude approximate carpet areas and collapse matching building/configuration/price/area records. Each reported configuration needs at least five observations. This does not certify availability; reconfirm the unit and measurement. Gross yield is omitted because the project price basis and date have not been independently matched.
What a flat in EL Mejor would rent for
Indicative monthly asking rents use at least five recent, comparable residential listing observations of the same BHK configuration in Matunga. These are locality comparisons, not confirmed rents achieved in EL Mejor.
Estimated monthly asking rent: 2 BHK: ₹1.08 L and 2 BHK: ₹1.57 L.
| Configuration | Carpet | Matunga rent today | Estimated rent |
|---|---|---|---|
| 2 BHK | Members | ₹174/sq ft/mo (8 observations) | ≈ ₹1.08 L/mo |
| 2 BHK | Members | ₹174/sq ft/mo (8 observations) | ≈ ₹1.57 L/mo |
Estimate = carpet area (members see it) × the live median rent per sq ft for that configuration in Matunga on Real Estate Mumbai. Indicative locality comparison; reconfirm property-specific terms.
Where Matunga prices are moving
Real Estate Mumbai's Matunga price index reads 89.1 for Nov 2026 (base 100), a median asking ₹45,898 per sq ft across 42 listings, up 1.0% on the month. By configuration: 2 BHK ₹49,411, 3 BHK ₹49,523, 4 BHK+ ₹38,759 per sq ft.
| Month | Median asking ₹/sq ft | Index | m/m | Listings |
|---|---|---|---|---|
| Nov 2026 | ₹45,898 | 89.1 | +1.0% | 42 |
| Oct 2026 | ₹45,434 | 88.2 | -11.0% | 39 |
| Sep 2026 | ₹51,062 | 99.2 | -1.9% | 53 |
| Aug 2026 | ₹52,040 | 101.1 | +1.1% | 42 |
| Jul 2026 | ₹51,487 | 100.0 | — | 60 |
Real Estate Mumbai price index, computed monthly from live asking prices in Matunga (base 100). Asking, not registered, prices.
EL Mejor on MahaRERA — what to check before you book
EL Mejor is registered. The registry is the only document that binds the developer on possession dates, carpet areas and what is built; read it before any token.
| Phase | MahaRERA no. | Towers · floors | Units | Possession declared | Registered |
|---|---|---|---|---|---|
| El Mejor | P51900004688 | EL MEJOR · 23 fl | 115 | Mar 2021 | Feb 2026 |
Scan to verify on MahaRERA
MahaRERA agent: Mumbai Property Exchange, registration no. A51800043517 (operator of Real Estate Mumbai).
Registry link opens the MahaRERA record. Possession dates on the registry can be revised by the developer under the Act; we refresh this table as the record changes.
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Property listings in Matunga
Listed resale and rental options. Reconfirm availability before arranging a viewing. 1.5, BHK and larger first.
About EL Mejor
DVK EL Mejor stands as a beacon of residential excellence in Mumbai South, offering a meticulously crafted selection of apartments spanning from 1BHK to 4BHK. Nestled within 0.42 acres of prime real estate, these apartments boast thoughtfully designed layouts and impeccable maintenance. Strategically positioned, this project enjoys seamless connectivity to key landmarks across the city, including the bustling hubs of Dadar Railway Station, Powai, and Malad's shopping districts. DVK EL Mejor epitomizes modern living, providing residents with both convenience and comfort amidst the vibrant pulse of Mumbai.
Amenities
Buy or rent in EL Mejor
Browse 0 eligible listing records · checked 2026-11-05. Records may represent multiple offers for the same home; availability is subject to reconfirmation.
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Next steps — clarity before you step out
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EL Mejor — the questions investors ask
What is the price of EL Mejor, Matunga?
What rent can a flat in EL Mejor earn?
Are prices in Matunga rising?
Is EL Mejor MahaRERA registered?
What can I buy in Matunga today instead?
How do I get the price list or a site visit for EL Mejor?
What flats are available in EL Mejor?
Who is the builder of EL Mejor?
What is the possession status of EL Mejor?
Rents, resale prices and the price index on this page are computed from live listings on Real Estate Mumbai and refresh automatically; project facts are as declared to MahaRERA or recorded by our team (updated 06 Mar 2026). Indicative, not an offer; verify with the developer and on MahaRERA before deciding. Real Estate Mumbai · MahaRERA agent A51800043517 · since 1995.
Get details on EL Mejor
Baba Saheb Ambedkar Rd, Hindu Colony, Matunga · Arth Housing Developers Ltd