Mohali
Kharar Road has emerged as a key residential hub in Mohali, currently witnessing a measured appreciation in property values. The market displays a balanced mix of apartment living and spacious villa options, catering to both end-users and long-term investors. Rental activity is robust, supported by a healthy yield that attracts those looking for consistent income streams from real estate assets. While price trends have fluctuated over recent quarters, the overall trajectory suggests a maturing market with significant development potential.
The average asking price in Kharar Road is ₹4,300 per sq ft as of Jun 2026. This figure reflects an appreciation of 1.7% compared to the previous period, signaling a steady demand for residential properties in this locality.
Property prices in Kharar Road have shown an upward trajectory, with the average asking price rising from ₹4,250 per sq ft in Mar 2026 to ₹4,300 per sq ft in Jun 2026. This consistent growth indicates a resilient market environment that may be attractive to long-term investors and end-users looking for stable asset appreciation.
Property prices vary significantly across the vicinity of Kharar Road, with Sunny Enclave currently commanding a premium at ₹9,300 per sq ft, despite a depreciation of 1.92% compared to the prior period. In contrast, more affordable options are available in sectors like Sector 123, where the average asking price is ₹4,200 per sq ft, having appreciated by 9.73% compared to the prior period. Other areas like Sector 121 and Sector 124 have seen price adjustments, with rates at ₹8,450 per sq ft (down 5.58%) and ₹7,150 per sq ft (down 16.77%) respectively, reflecting diverse market dynamics in the Mohali region.
As of Jun 2026, villas in Kharar Road are significantly more expensive than apartments, with an average price of ₹11,300 per sq ft, which has seen a notable appreciation of 20.67% compared to the prior period. Meanwhile, apartments are priced at an average of ₹4,300 per sq ft, reflecting a more modest appreciation of 1.7% over the same timeframe. This price gap highlights the premium nature of villa developments in the area compared to the more accessible apartment segment.
The average rental yield in Kharar Road stands at 7.53% as of Jun 2026, which is a key metric for investors evaluating the income potential of their property. A yield of this level suggests that the locality offers a competitive balance between capital investment and recurring rental income, making it a potentially attractive option for those focused on cash-flow-positive real estate.
Rental rates in Kharar Road vary by unit size, with 1 BHK apartments averaging ₹15,850 per month and 3 BHK apartments averaging ₹47,150 per month as of Jun 2026. These figures provide a clear baseline for tenants and landlords, reflecting the diverse housing needs within the locality, from single professionals seeking compact units to families requiring larger living spaces.
Rental rates across the Mohali region, including areas like Sas Nagar, Sector 88, Mullanpur, and Sector 82, currently hover around ₹50 per sq ft as of Jun 2026. These rates have remained stable with 0% change, indicating a consistent rental market across these established neighbourhoods, which provides a reliable benchmark for property owners in the broader Kharar Road vicinity.
Price stability, such as the 0% change observed in certain sectors like Sector 74 where the average asking price is ₹5,750 per sq ft as of Jun 2026, typically signals a balanced market where supply and demand are well-aligned. For prospective buyers, this indicates a period of predictable pricing, reducing the risk of sudden market volatility and allowing for more calculated investment decisions.
