Squareyards Logo
Blogs
Sell or Rent Property
Login
Mohali · 140307

Mohali Sector 115, Chandigarh

Mohali Sector 115 is a developing residential sector in the Mohali micromarket of the Chandigarh region, located near the Kharar Banur Road corridor. It is part of the outer residential belt of Mohali and is known for affordable apartments and builder floors at prices below the Chandigarh average. The area sits near North Country Mall and is within driving distance of major hospitals like Ivy and Max, making it a practical residential option for families and working professionals in the tricity area.

  • Airport Reach
  • Markets & Malls
  • Hospitals Close
  • Value for Money
Locality Snapshot

About Mohali Sector 115, Chandigarh


Mohali Sector 115 is a developing residential sector in Chandigarh, falling under the Mohali micromarket with pin code 140307. The area is part of the growing outer belt of Mohali that has expanded as buyers look for affordable residential options within the tricity area covering Chandigarh, Mohali, and Panchkula.

Mohali Sector 115 sits in the northern belt of Mohali near the Kharar Banur Road corridor. It is part of a cluster of sectors in the 100 plus number range that have seen steady residential development over the past decade. The locality has a mix of apartment complexes, builder floors, and small group housing societies priced meaningfully below the Chandigarh city average of Rs 8,200 per sq ft making it attractive for budget and mid segment buyers in the region.

The area is surrounded by Sector 115 Chandigarh, Mohali Sector 113, Kharar Banur Road, Mohali Sector 127, Mohali Sector 117, Mohali Sector 126, Mohali Sector 125, South Kharar, and Central Kharar These sectors and localities together form the developing northern and outer residential belt of Mohali.

Currently there are 3 properties available for sale in Mohali Sector 115.



Property Prices and Market Insights


The average sale price in Mohali Sector 115 is 5,050 per sq ft which is considerably below the Chandigarh city average of Rs 8,200 per sq ft. This gap of nearly Rs 3,100 per sq ft makes Mohali Sector 115 one of the more affordable sectors in the tricity residential market.


Key Price Data:


Metric

Value

Average Sale Price

5,050

Chandigarh City Average

Rs 8,200 per sq ft

Government Registered Rate

5,050

Government Registered Transactions

Gross Transaction Value

Transaction Period


Price Comparison with Nearby Localities:


Locality

Average Price Per Sq Ft

Mohali Sector 126

Rs 9,750

Mohali Sector 117

Rs 6,350

Kharar Banur Road

Rs 5,400

Mohali Sector 115

Rs 5,100

South Kharar

Rs 4,950

Mohali Sector 127

Rs 4,850

Mohali Sector 125

Rs 3,950

Central Kharar

Rs 4,200

Mohali Sector 115 sits in the middle of its peer cluster, above Sector 127, Sector 125, and Central Kharar while being below Mohali Sector 117 and significantly below Sector 126. This position reflects its developing but reasonably supported residential character.


Rental Prices:


Configuration

Monthly Rent

2 BHK

Rs 21,000

3 BHK

Rs 25,000


Property Demand Split for Sale:


Metric

Value

Property Type Demand

Apartment (100%)

Property Type Supply

Apartment (34%)

BHK Configuration Demand

2 BHK (100%)

BHK Configuration Supply

2 BHK (67%)

Budget Demand

Rs 50 Lakh to Rs 2 Crore (100%)

Budget Supply

Rs 50 Lakh to Rs 2 Crore (67%)

A very clear demand picture emerges from this data. All buyers want apartments and specifically 2 BHK units in the Rs 50 Lakh to Rs 2 Crore range. The supply of apartments is only 34% of what demand requires showing a significant gap between what buyers want and what is currently listed. This undersupply in the apartment category combined with the 33% gap in budget range supply creates a real opportunity signal for developers and owners who bring appropriately priced 2 BHK apartments to market.


Government Registered Transactions

The transaction data provides a ground level view of genuine buying activity in this developing Mohali sector.


Residential Projects in Mohali Sector 115

Mohali Sector 115 has 13 new projects across different stages. Ubber Group leads with 6 projects all ready to move. Army Welfare Housing Organisation has 2 projects and Paradise Builders, Om Divine Developers, and JTPL Townships all have multiple projects active here.


Key Ready to Move Projects:


  • Paradise Homez

  • Divine Global Homes

  • JTPL City

  • Exotica Homez

  • Om Divine Pavileo

  • Sunshine Homes Mohali

  • Ubber Parkland

  • AWHO Apartment

  • JTPL Flora Designer Floors

  • GK Crystal Homes


Under Construction Projects:


  • Leela Orchid Greens

  • Decent Homes


New Launch Projects:


  • TDI South Extension II

  • Sai The Grand Sky

The presence of Army Welfare Housing Organisation (AWHO) is notable as these projects typically attract defence personnel and retirees who want stable and well managed housing communities in the tricity area.


Connectivity and Transport in Mohali Sector 115

Mohali Sector 115 is located in the outer belt of Mohali and its connectivity depends primarily on road access rather than metro or rail infrastructure.


Roads:


  • The Kharar Banur Road corridor is the main artery serving the broader 115 to 127 sector belt connecting to Kharar town, the Landran Road junction, and the broader Chandigarh Mohali network

  • The sector connects to the internal road grid of Mohali's planned sector layout


Bus:


  • Dhanas Bus Stop is the listed accessible bus stop at 11.76 km which is very far and confirms that daily bus connectivity to the immediate locality is limited

  • ISBT Sector 43 is 9.49 km away for inter city travel

  • ISBT Sector 17 is 13.02 km away


Airport:


  • Shaheed Bhagat Singh International Airport is 14.58 km away making Mohali Sector 115 accessible for air travel within about 30 minutes in normal traffic


Hospitals:


  • Ivy Hospital is 6.20 km away and is one of the most well known multi speciality hospitals in the Mohali belt

  • Max Super Speciality Hospital is 7.25 km away

  • Mayo Hospital is 7.39 km away

  • Fortis Hospital is 8.61 km away

The cluster of major hospitals within 6 to 9 km is one of the strongest practical advantages of Mohali Sector 115 making healthcare access relatively good despite the outer belt location.


Shopping Malls Near Mohali Sector 115:


  • North Country Mall is just 4.14 km away — a large and popular mall in the Mohali belt

  • Parsvnath Mall Matrix (4.64 km)

  • Shalimar Mall (4.70 km)

  • Treasure Island (6.21 km)

Three malls within 5 km is a genuine positive for residents and covers most daily shopping and entertainment needs without long travel.


Schools Near Mohali Sector 115:


  • Doon International School (7.91 km)

  • Delhi Public School (8.88 km)

  • Yadvindra Public School (9.04 km)

  • Aanchal International School (9.06 km)

  • Lawrence Public School (9.16 km)

  • Manav Mangal Smart School (10.18 km)

All schools are 7.91 km or more away which is a meaningful practical limitation for families who need to manage daily school runs.


Stadiums Near Mohali Sector 115:


  • Punjab Cricket Association IS Bindra Stadium is 9.34 km away, one of the most famous cricket stadiums in India hosting international matches


Parks Near Mohali Sector 115:


  • Rose Garden is 13.62 km away which is the only park listed in the amenities data confirming very limited open park access in the immediate locality


Hotels Near Mohali Sector 115:


  • Royal Lodge (6.08 km)

  • Hotel Tulip Regency (6.33 km)

  • Hotel Daawat (6.85 km)

  • JW Marriott Hotel Chandigarh (11.84 km)


Office Parks:


  • Sector 39 Plaza is 8.81 km away

  • DLF Hyde Park is 14.71 km away


Quality of Life in Mohali Sector 115

Mohali Sector 115 is priced at Rs 5,100 per sq ft and offers buyers in the Rs 50 Lakh to Rs 2 Crore range access to the Mohali residential market at below city average prices. The locality is practical for families who have personal vehicles and can manage longer school and hospital runs. North Country Mall within 4.14 km and three major hospitals within 7 to 9 km are strong practical positives. The airport at 14.58 km is also accessible for regular travellers.





Advantages & Considerations

Why choose Mohali Sector 115 for Living?

An honest look at what residents love — and what to watch out for.

What's Great
  • Three major shopping malls including North Country Mall are within 4 to 5 km making retail, dining, and entertainment easily accessible for residents
  • Ivy Hospital, Max Super Speciality Hospital, Mayo Hospital, and Fortis Hospital are all within 6 to 9 km giving residents strong multi speciality healthcare access without long travel
  • Prices at Rs 5,100 per sq ft are significantly below the Chandigarh city average of Rs 8,200 making this one of the more affordable addresses in the tricity residential market
  • Airport is 14.58 km away and accessible in about 30 minutes making air travel practical for residents who travel frequently
  • Punjab Cricket Association IS Bindra Stadium is 9.34 km away which is a regional landmark and a point of pride for sports enthusiasts in the tricity area
What's Concerning
  • The nearest bus stop is 11.76 km away making public bus transport practically unavailable for daily commuting and forcing residents to rely entirely on personal vehicles or cabs
  • All schools are 7.91 km or more away meaning daily school runs require vehicles and add significant travel time for families with children
  • Only one park is listed in the amenity data at 13.62 km away confirming there are no accessible green parks or open spaces in the immediate locality
  • The demand for apartments is 100% but apartment supply is only 34% showing a significant inventory shortage for the specific format most buyers want
  • The locality has very thin listed inventory with only 3 properties currently for sale indicating a small and illiquid market for buyers needing ready options
Recent & Future Developments

What's New in Mohali Sector 115, Chandigarh

Live news feed — last updated 02 July 2026

02 Jul2026

Kurali-Kharar Corridor Set for Planned Urban Expansion Under New Master Plan

Following the development of Mohali and New Chandigarh, the Kharar-Kurali corridor is set to become the next growth area with GMADA preparing a separate master plan for Kurali and its surrounding villages. This initiative aims to regulate land use and guide urban growth, ensuring sustainable infrastructure developmen

Source: Hindustan Times
23 Jun2026

Mohali-Rajpura Railway Line Project Gains Momentum with Land Acquisition

Land acquisition for the 18.11 km Mohali-Rajpura railway line has intensified, with GMADA officials hearing objections from farmers in villages like Saneta and Dhelpur. The project, estimated to cost ₹443 crore and expected to be completed by 2028, aims to improve rail connectivity in the region.

Source: The Tribune
02 Jun2026

Alternate Airport Road to Chandigarh Airport Partially Opens in Mohali

GMADA has partially opened one carriageway of the 8.5-km alternate road to Chandigarh International Airport, originating in Phase XI. This development is anticipated to significantly decongest the existing Airport Road, reduce travel time, and improve connectivity between Mohali and the airport.

Source: The Times of India
12 May2026

Mohali poised for transformation with major infrastructure upgrades in 2026

Mohali is set to undergo significant transformation in 2026 with a focus on major infrastructure upgrades, green initiatives, and civic projects. These developments include sustainable wastewater management, new roads, improved transport links, and enhanced healthcare facilities, aiming to create a modern and sustainable urban landscape.

Source: The Indian Express
Explore Key Amenities & Commute

What's Around Mohali Sector 115, Chandigarh

Schools, transit, healthcare and essentials within walking distance — plus quick travel-time estimates to Chandigarh's top business hubs.

map
Nearby Places
  • North Country Mall
    Shopping Mall
    4.1 km
  • Parsvnath Mall Matrix
    Shopping Mall
    4.6 km
  • Shalimar Mall
    Shopping Mall
    4.7 km
  • Royal Lodge
    Hotel
    6.1 km
  • Ivy Hospital
    Hospital
    6.2 km

Plan your Commute Travel time from Mohali Sector 115, Chandigarh

Data Intelligence

Price Insights for Mohali Sector 115, Chandigarh

Quarterly trends, asking-price distribution, transactions and rental supply — powered by Square Yards' transaction graph.

Property Price Insights in Mohali
Avg. Sale Price ₹ 5,050/sq.ft For Apartment
5.8%
Property Demand vs Supply

Where the Market is Moving

Real-time signals from buyer searches and active inventory in Mohali Sector 115, Chandigarh.

  • Sale
  • Rent
By Property Type
Demand
Supply
Apartment
14%
34%
Builder Floor
85%
67%
By BHK
Demand
Supply
2 BHK
50%
67%
3 BHK
50%
34%
By Budget
Demand
Supply
Below 50 L
45%
34%
50 L - 2 Cr.
54%
67%
By Property Type
Demand
Supply
Builder Floor
100%
100%
By BHK
Demand
Supply
2 BHK
100%
100%
By Budget
Demand
Supply
15000 - 30000
100%
100%
Mohali Sector 115 Spotlight

Top Projects in Mohali Sector 115, Chandigarh

Trusted Developers

Top Builders in Mohali Sector 115, Chandigarh

Browse Inventory

Properties Available in Mohali Sector 115, Chandigarh

  • Sale
  • Rent
  • By Property Type
  • By BHK
Properties in Mohali Sector 115, Chandigarh
Flats in Mohali Sector 115 Chandigarh
for Sale
Properties in Mohali Sector 115, Chandigarh
Builder Floors in Mohali Sector 115 Chandigarh
for Sale
Properties in Mohali Sector 115, Chandigarh
2 BHK Flats
in Mohali Sector 115 Chandigarh for Sale
Properties in Mohali Sector 115, Chandigarh
3 BHK Flats
in Mohali Sector 115 Chandigarh for Sale
  • By Property Type
  • By BHK
Properties in Mohali Sector 115, Chandigarh
Builder Floors in Mohali Sector 115 Chandigarh
for Rent
Properties in Mohali Sector 115, Chandigarh
2 BHK Flats
in Mohali Sector 115 Chandigarh for Rent
Neighborhood

Localities around Mohali Sector 115, Chandigarh

Compare top neighbouring localities and discover micro-markets nearby.

Average Sale Price
₹ 5,400/sq. ft
Rental Yield
3.9%
Average Sale Price
₹ 4,900/sq. ft
Rental Yield
3.9%
23
New Projects
5
For Sale
4
For Rent
Average Sale Price
₹ 4,200/sq. ft
Rental Yield
3.9%
Average Sale Price
₹ 12,200/sq. ft
Rental Yield
3.9%
Average Sale Price
₹ 6,700/sq. ft
Rental Yield
3.9%
Average Sale Price
₹ 9,550/sq. ft
Rental Yield
3.9%
7
New Projects
1
For Sale
1
For Rent
Average Sale Price
₹ 4,950/sq. ft
Rental Yield
3.9%
6
New Projects
1
For Sale
1
For Rent
Rental Yield
3.9%
6
New Projects
1
For Sale
Rental Yield
3.9%
1
New Projects
4
For Sale
Average Sale Price
₹ 7,300/sq. ft
Rental Yield
3.9%
4
New Projects
1
For Sale
Share Your Mohali Sector 115, Chandigarh Experience Share your experience and help others make better property decisions.
Write a Locality Review
Earn reward points
after approval.
FAQ

Frequently Asked Questions

Find answers to common queries about Mohali Sector 115, Chandigarh.

What is Mohali Sector 115 in Chandigarh?

Mohali Sector 115 is a developing residential sector in the Mohali micromarket of the Chandigarh region with pin code 140307. It is part of the outer residential belt of Mohali near the Kharar Banur Road corridor. The area is known for affordable 2 BHK apartments and builder floors at Rs 5,100 per sq ft which is well below the Chandigarh city average. It has 13 new projects and is served by builders like Ubber Group, JTPL Townships, and Army Welfare Housing Organisation.

Where is Mohali Sector 115 located?

Mohali Sector 115 is located in the northern belt of Mohali near the Kharar Banur Road corridor. It is surrounded by Sector 115, Mohali Sector 113, Kharar Banur Road, Mohali Sector 127, Mohali Sector 117, South Kharar, and Central Kharar. North Country Mall is about 4 km away and Ivy Hospital is 6.20 km. The area is part of the broader Mohali outer sector cluster in the Chandigarh tricity region.

What is the average property price in Mohali Sector 115?

The average sale price in Mohali Sector 115 is Rs 5,100 per sq ft which is considerably below the Chandigarh city average of Rs 8,200 per sq ft. Nearby Mohali Sector 117 is Rs 6,350 and Kharar Banur Road is Rs 5,400. Monthly rentals are around Rs 21,000 for 2 BHK and Rs 25,000 for 3 BHK. All buyer demand is in the Rs 50 Lakh to Rs 2 Crore range.

What types of properties are available in Mohali Sector 115?

Mohali Sector 115 is a pure apartment market with 100% of buyer demand for apartments specifically 2 BHK units in the Rs 50 Lakh to Rs 2 Crore range. However apartment supply is only 34% of demand showing an inventory shortage. There are 3 listed properties for sale and 13 new projects. Key ready to move projects include JTPL City, Ubber Parkland, Exotica Homez, Om Divine Pavileo, and AWHO Apartment. New launches include TDI South Extension II and Sai The Grand Sky.

How is the connectivity from Mohali Sector 115?

Mohali Sector 115 depends primarily on road connectivity. Shaheed Bhagat Singh International Airport is 14.58 km away. ISBT Sector 43 for inter city buses is 9.49 km. The nearest bus stop is 11.76 km away making daily bus commuting impractical. North Country Mall and major hospitals like Ivy and Max are accessible within 6 to 8 km by road. Residents without personal vehicles will find daily movement inconvenient.

Are schools and hospitals available near Mohali Sector 115?

Hospitals are well placed with Ivy Hospital at 6.20 km, Max Super Speciality Hospital at 7.25 km, and Fortis Hospital at 8.61 km. All are accessible within 15 to 20 minutes. Schools are further away with the nearest, Doon International School, at 7.91 km. Delhi Public School and Yadvindra Public School are around 9 km. All school access requires personal vehicles and planning for daily school runs.

Is Mohali Sector 115 a good investment?

Mohali Sector 115 has reasonable long term investment potential for buyers who are comfortable with a 5 to 7 year view. Prices at Rs 5,100 per sq ft are significantly below the Chandigarh city average leaving appreciation room. The 100% apartment demand against only 34% apartment supply creates a positive demand signal for the right inventory. North Country Mall proximity and major hospital access are good quality of life anchors. However the thin current inventory and limited public transport mean the area is still maturing.

What are the main challenges of living in Mohali Sector 115?

The main challenges include the nearest bus stop being 11.76 km away making the area entirely dependent on personal vehicles, all schools being 7.91 km or more away adding to daily family logistics, no accessible parks in the immediate locality with the nearest being 13.62 km, only 3 listed properties for sale making it a very thin and illiquid market, and the area being still in development with limited civic infrastructure compared to more established Mohali sectors.

Country/City