Chandigarh
The real estate landscape in Manimajra has experienced consistent growth over the past year, with current asking prices reaching ₹14,850 per sq ft. This upward trajectory is well-supported by robust performance in both the apartment and villa segments, which have posted growth rates of 25.42% and 15.98% respectively. Rental demand remains steady, with an average rental rate of ₹18 per sq ft, providing a stable yield for property owners. As the locality matures, it continues to attract interest from those looking for a balance between modern residential amenities and proximity to key city infrastructure.
As of Sep 2026, the average asking price in Manimajra stands at ₹14,850 per sq ft. This figure reflects a significant appreciation of 25.42% compared to the previous period, signaling robust demand and growing interest from property buyers in this locality.
Property prices in Manimajra have shown a consistent upward trajectory throughout 2026. Data indicates the average asking price moved from ₹9,850 per sq ft in Dec 2025 to ₹9,950 in Mar 2026, ₹11,850 in Jun 2026, and finally reached ₹14,850 per sq ft by Sep 2026. This steady quarter-over-quarter growth suggests a strengthening market position and sustained buyer confidence in the area.
As of Sep 2026, villas in Manimajra command a premium with an average asking price of ₹22,150 per sq ft, having appreciated by 15.98% over the measured period. Meanwhile, apartments are priced at an average of ₹14,850 per sq ft, which represents a notable appreciation of 25.42% compared to the previous period. These figures highlight that while both segments have seen growth, apartments have experienced a sharper relative increase in value.
As of Sep 2026, the average rental rate in Manimajra is ₹18 per sq ft, which has seen a depreciation of 5.26% compared to the previous period. The current rental yield for the locality is 1.45%, a metric that provides investors with a baseline for understanding the annual income potential relative to the capital investment required for property ownership in the area.
Rental rates for apartments in Manimajra vary by configuration to suit different tenant requirements. As of Sep 2026, a 1 BHK apartment typically rents for ₹15,000 per month, a 2 BHK apartment averages ₹20,000 per month, and a 3 BHK apartment commands an average of ₹29,650 per month. These price points help prospective tenants and landlords gauge the market rate for their specific property size.
While apartments in Manimajra currently average ₹50 per sq ft in rent—marking a depreciation of 5.26% compared to the previous period—several other sectors in Chandigarh maintain a stable rental rate of ₹50 per sq ft. Sectors such as Sector 11, Sector 21, Sector 35, and Sector 23 have shown stability with 0% change, whereas areas like Sector 18 have seen a significant appreciation of 24.14% and Sector 33 has experienced a depreciation of 10% as of Sep 2026.
Buyers evaluating Manimajra, where the average asking price is ₹14,850 per sq ft as of Sep 2026, should note that it sits at a different price point compared to premium villa-heavy sectors nearby. For instance, Sector 10 and Sector 18 currently command average rates of ₹47,900 and ₹47,300 per sq ft respectively. Understanding these disparities helps investors identify whether they are seeking the specific lifestyle and price positioning offered by Manimajra or the premium, established luxury market of the surrounding sectors.
