Mohali
Kharar has established itself as a key residential hub within the Mohali region, offering a blend of apartment living and villa developments. Recent quarterly trends show price fluctuations that reflect the evolving nature of local demand, with rates moving from ₹4,950 per sq ft in late 2025 to the current ₹5,350 per sq ft. The rental market is equally active, providing competitive yields for property owners across various apartment configurations. Developers continue to shape the skyline with projects that range from affordable apartments to premium villas, ensuring that the market remains accessible to a broad spectrum of home seekers.
As of Sep 2026, the average asking price in Kharar stands at ₹5,350 per sq ft. This figure reflects a minor depreciation of 0.78% compared to the previous period, indicating a period of price stabilization in the local residential apartment market.
Property prices in Kharar have shown a fluctuating trajectory throughout 2026. The average asking price moved from ₹4,850 per sq ft in Mar 2026 to ₹5,400 per sq ft in Jun 2026, before settling at ₹5,350 per sq ft in Sep 2026. This movement suggests that while demand remains active, the market is currently undergoing a phase of price correction after the mid-year peak.
Among the areas surrounding Kharar, Sector 115 and Kharar Road currently offer the most competitive entry points, both with an average asking price of ₹4,300 per sq ft as of Sep 2026. Sector 115 has seen significant growth, appreciating by 6.38% compared to the previous period, whereas Kharar Road has maintained stable pricing with 0% change. Conversely, areas like Sector 123 and Sunny Enclave command higher premiums, with average asking prices of ₹9,350 per sq ft and ₹9,300 per sq ft respectively.
As of Sep 2026, property rates in Kharar are highest for showrooms, which average ₹9,650 per sq ft, showing a marginal appreciation of 0.01%. Villas follow with an average asking price of ₹8,550 per sq ft, reflecting a depreciation of 1.8% over the comparison period. Apartments are the most accessible segment, priced at an average of ₹5,350 per sq ft, which has seen a depreciation of 0.78%.
The average rental rate for apartments in Kharar is currently ₹50 per sq ft as of Sep 2026. This rate has experienced a depreciation of 14.29% compared to the previous period, which may provide more favorable entry conditions for tenants looking to lease in the area.
As of Sep 2026, tenants in Kharar can expect to pay an average of ₹15,650 per month for a 1 BHK apartment. For those requiring more space, a 3 BHK apartment commands an average monthly rent of ₹26,650. These figures provide a clear benchmark for both tenants planning their budgets and investors assessing potential rental income streams.
Rental rates across micromarkets near Kharar are currently uniform at ₹50 per sq ft in Kharar Road, Sector 88, and Mullanpur as of Sep 2026. While Kharar Road and Mullanpur have maintained stable rental pricing with 0% change, Sector 88 has seen a significant depreciation of 10% compared to the previous period, making it a potentially more cost-effective option for renters currently.
Buyers should use the provided data to identify value by comparing the average asking price of ₹5,350 per sq ft in Kharar against specific neighbourhood rates like Sector 115 at ₹4,300 per sq ft. By observing the appreciation or depreciation trends—such as the 6.38% growth in Sector 115—investors can gauge which areas are seeing rising demand. Always consider that the current market reflects a slight downward trend of 0.78% as of Sep 2026, which may offer room for negotiation in certain segments.
