Well I will not tag this as a bad or worthless place but yes overpriced. You do not get bang for the buck. Location wise I will rank it good as you do not have to wade your way bargaining through the rickshaw pullers or horse pullers.
Rooms are good and spacious even with a mini fridge in them but monkey problem reins strong. One of the even waded into our room and fled away with food item. Restaurant like MTDC standards serves decent food and they complied to all our requests although the menu options were limited.
I would really like to point out one thing that overall Matheran did not impress us at all. Main reason being horse excreta all around. It really smells like you are strolling in a stable. Authorities have prohibited vehicles to maintain the natural beauty of Matheran but its getting worse.More