Property Rates in Mullanpur, Chandigarh

Property prices in Mullanpur have shown a generally upward trend over the past year, as of March 2026. The micromarket rate increased from ₹7,334 per sq ft in June 2025 to ₹8,318 per sq ft in March 2026. This trajectory suggests increasing demand and value appreciation, with a significant jump observed between September 2025 (₹7,552 per sq ft) and March 2026.

As of March 2026, North Mullanpur and South Mullanpur exhibit very similar average property rates. North Mullanpur's average rate is ₹8,308 per sq ft, showing a 2.29% appreciation from the previous period. South Mullanpur is slightly higher at ₹8,341 per sq ft, having appreciated by a more significant 7.56% over the same timeframe, indicating stronger recent growth in this sub-locality.

In Mullanpur, villas command a significantly higher average price compared to apartments. As of March 2026, villas are priced at an average of ₹22,277 per sq ft, reflecting a substantial appreciation of 7.8%. Apartments, on the other hand, are priced at ₹8,318 per sq ft, with a 3.91% increase, suggesting that villas represent a premium segment within the Mullanpur real estate market.

Property prices in Mullanpur differ based on their construction status as of March 2026. Properties in the 'Early Stage' are priced at ₹8,269 per sq ft, appreciating by 9.58%. 'Mid Stage' properties are valued at ₹8,785 per sq ft with a 6.74% increase. 'Advanced Stage' projects are at ₹9,920 per sq ft, up by 6.76%. Ready-to-move properties, however, have seen a slight depreciation of 3.24% to ₹8,619 per sq ft, despite being the most numerous with 11 units available.

As of March 2026, GMADA Eco City in North Mullanpur leads with the highest listing rate at ₹16,390 per sq ft, showing no change. Omaxe Celestia Royal, also in North Mullanpur, follows with a rate of ₹9,920 per sq ft, appreciating by 6.76%. Omaxe Lake, another North Mullanpur project, is listed at ₹9,608 per sq ft, up by 8.39%, indicating strong pricing for these premium developments.

The average rental rate in Mullanpur is ₹18 per sq ft as of March 2026. The rental yield for the micromarket is calculated at 2.60%. This yield indicates the annual return an investor can expect from rental income relative to the property's capital value, suggesting that while rental demand exists, capital appreciation might be a more significant driver for investment returns in Mullanpur currently.

Rental rates in Mullanpur vary significantly by BHK configuration as of March 2026. A 1 BHK apartment typically rents for ₹16,000 per month, while a 2 BHK averages ₹17,517 per month. The rates increase substantially for larger units, with 3 BHK apartments commanding ₹28,764 per month and 4 BHK apartments reaching ₹35,442 per month, reflecting higher demand and value for larger family accommodations.

As of March 2026, apartments in Mullanpur have an average rental rate of ₹18 per sq ft, with no change from the previous period. Villas, however, show a strong upward trend, with their average rental rate appreciating by 15.38% to ₹15 per sq ft. This suggests a growing demand for villa rentals, potentially driven by lifestyle preferences or a limited supply of such properties in the rental market.

As of March 2026, Omaxe Ambrosia and Omaxe The Resort, both located in Mullanpur, lead with the highest rental rates at ₹19 per sq ft. Ambika Florence Park, Omaxe Lake, and The Address Mullanpur are also among the top, with rental rates of ₹18 per sq ft. Notably, The Address Mullanpur has seen a depreciation of 14.29% in its rental rate, while GMADA Eco City has appreciated by 7.14% to ₹15 per sq ft.

In Mullanpur, North Mullanpur shows an average rental rate of ₹18 per sq ft as of March 2026, with no observed change. This rate is consistent with the overall average for apartments in Mullanpur. While specific comparative data for other micromarkets within Mullanpur is limited, North Mullanpur appears to be the primary hub for rental activity, reflecting its development and housing stock.