Chandigarh
Mullanpur is evolving as a significant residential destination, currently maintaining an average asking price of ₹7,850 per sq ft. The market displays a variety of housing choices, with apartments aligning closely with the broader area averages, while villa developments reflect a wider price range. Rental demand remains steady, particularly for 3 BHK apartments which are currently priced at an average of ₹32,500 per month. Developers and investors continue to monitor these trends as the location solidifies its position within the Chandigarh real estate corridor.
The average asking price in Mullanpur is ₹7,850 per sq ft as of June 2026. This rate has remained stable, showing a 0% change, which indicates a period of price consolidation in the local residential apartment market.
As of June 2026, property rates in Mullanpur vary significantly by type: villas are priced at an average of ₹21,850 per sq ft, having depreciated by 4.7% from the previous period, while apartments are priced at ₹7,850 per sq ft, reflecting a depreciation of 0.76% 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 price trend in Mullanpur shows a mixed trajectory leading up to June 2026. While the location rate for apartments has held steady at ₹7,850 per sq ft, the broader micromarket rates fluctuated between ₹7,850 and ₹9,150 per sq ft from September 2025 to March 2026. Investors should note that this stability in the most recent quarter suggests a balanced market where supply and demand are currently well-aligned.
Rental rates across neighbourhoods near Mullanpur are notably uniform, with many areas such as New Chandigarh, Sector 40, Sector 36, and Sector 35 all commanding an average rental rate of ₹50 per sq ft as of June 2026. Sector 38 stands out as an exception, where rental rates have appreciated by 35% to reach ₹50 per sq ft, signaling rising demand in that specific pocket compared to the stable rental environment seen in other surrounding sectors.
As of June 2026, the average rental rate for a 3 BHK apartment in Mullanpur is ₹32,500 per month. This figure provides a clear benchmark for tenants looking for spacious residential options in the area, reflecting the current market positioning for larger family-sized units in Mullanpur.
Property rates in Chandigarh sectors are generally higher than the average asking price in Mullanpur of ₹7,850 per sq ft. For instance, as of June 2026, Sector 36 commands a significantly higher rate of ₹42,550 per sq ft (having appreciated by 10.83%), and Sector 34 is priced at ₹44,700 per sq ft (having appreciated by 6.22%). These figures illustrate that established sectors in Chandigarh carry a substantial premium compared to the emerging residential landscape of Mullanpur.
Yes, several sectors near Mullanpur have experienced a depreciation in property rates as of June 2026. Specifically, Sector 40 has seen its rates depreciate by 4.13% to ₹26,300 per sq ft, Sector 22 has depreciated by 3.66% to ₹36,100 per sq ft, and Sector 37 has depreciated by 2.61% to ₹33,950 per sq ft. These adjustments may be attributed to local market corrections or shifts in buyer preference within those specific Chandigarh sectors.
The 0% change in the average asking price of ₹7,850 per sq ft in Mullanpur as of June 2026 suggests a period of market equilibrium. For buyers, this stability is often a positive sign, as it reduces the risk of sudden price volatility and allows for more predictable budget planning. It indicates that the market is currently in a phase of maturity rather than speculative growth, which can be favorable for long-term end-users.
