Mullanpur Property Rates — ₹7,850/sq ft

Property Rates in Mullanpur, Chandigarh 2026

Mullanpur has an average asking price of ₹7,850 per sq ft. Market trends show a slight adjustment from recent highs, reflecting a phase of price stabilization. Investors are keeping a close eye on the broader Chandigarh region, where surrounding sectors exhibit significant price variance. With a clear focus on residential development, the area remains a strategic point for those looking to balance long-term growth potential with current competitive entry rates.

Insights

Insights for Mullanpur, Chandigarh Real Estate Market Overview

The property market in Mullanpur continues to evolve as a key residential hub within the Chandigarh periphery. Recent pricing data indicates a shift toward stability, with current asking rates settling at ₹7,850 per sq ft. While the villa segment has seen a price correction of -4.7%, the apartment market remains a focal point for prospective residents. Rental demand is also taking shape, with 3 BHK apartments currently averaging ₹32,500 per month.

The villa segment is currently priced at an average of ₹21,850 per sq ft, reflecting a -4.7% change.
Apartment rates in the region hold steady at ₹7,850 per sq ft, showing a marginal change of -0.76%.
Rental markets for 3 BHK residential apartments are active at an average of ₹32,500 per month.
Multiple surrounding sectors show high price variability, with rates ranging significantly above the Mullanpur average.

Market Strengths

The 3 BHK rental market provides consistent monthly returns of ₹32,500.
Apartment pricing at ₹7,850 per sq ft remains competitive for the region.
Sector 36 maintains a strong upward trajectory with a 10.83% increase in property rates.
Sector 38 continues to be a high-yield rental location with a significant 35% growth in rental rates.
Established sectors like Sector 34 continue to command high property values, reinforcing the area's prestige.

Market Challenges

Villa segment prices have experienced a decline of -4.7%, reflecting current market volatility.
Apartment rental rates have seen a marginal dip of -0.76% in the broader Mullanpur market.
Several nearby sectors like Sector 40 and Sector 22 have reported price contractions of -4.13% and -3.66% respectively.

Investment Opportunities

Rental demand for 3 BHK apartments provides a steady monthly income stream of ₹32,500.
The apartment segment at ₹7,850 per sq ft offers a lower cost of entry compared to the villa market.
Sector 36 has shown strong growth of 10.83%, marking it as a high-appreciation zone in the vicinity.
Rental rates in Sector 38 have surged by 35%, indicating high demand for rental properties in that specific locality.

Price Trend

Mullanpur, Chandigarh Property Price Trends and Appreciation

Mullanpur has experienced a measured shift in property valuations over the last three quarters. Rates moved from ₹8,000 per sq ft in June 2025 to ₹7,900 in September 2025, before reaching the current level of ₹7,850 per sq ft. This downward trend suggests a period of price consolidation for local property owners.

Asking Price Trends

₹ 7,850/sq.ft.

Jun 2025 — Mar 2026

Quarter	City Rate
Mar 2026	0
Dec 2025	7850
Sep 2025	7900
Jun 2025	8000

About Asking Price Trends

Mullanpur Property Price Comparison

By Localities
By Property Type

Location	Rate (₹/sq.ft)	Change %
Sector 38	36,900	6
Sector 37	33,950	-2.6
Sector 23	32,450	4.6
Sector 40	26,300	-4.1
Sector 36	42,550	10.8
Sector 22	36,100	-3.7
Madhya Marg	9,200	-
Sector 35	34,150	6
Sector 34	44,700	6.2
Sector 43	31,300	1.6

Real estate values across nearby sectors show a wide spectrum of pricing, highlighting the premium nature of specific Chandigarh localities. Sector 36 leads with a notable average of ₹42,550 per sq ft, representing a 10.83% increase, while Sector 34 follows closely at ₹44,700 per sq ft. In contrast, Madhya Marg offers a more accessible entry point for apartments at ₹9,200 per sq ft. These variations illustrate the diverse investment landscape surrounding Mullanpur.

Type	Rate (₹/sq.ft)	Change %
Villa	21,850	-4.7
Apartment	7,850	-0.8

Mullanpur provides a bifurcated market that caters to both villa seekers and apartment buyers. The villa segment commands a higher premium at ₹21,850 per sq ft, experiencing a recent change of -4.7%. Meanwhile, the apartment category is priced at a more accessible ₹7,850 per sq ft, with a slight change of -0.76%.

Rental Trends

Rental Trends and Average Rent in Mullanpur, Chandigarh

The rental market for 3 BHK apartments is a primary driver in Mullanpur, with units currently commanding an average monthly rent of ₹32,500. This segment represents the core residential rental offering for families seeking spacious living arrangements in the area. Rental rates across the region are largely uniform, with locations such as Sector 38, Sector 37, and New Chandigarh all averaging ₹50 per sq ft. Notably, Sector 38 has demonstrated significant momentum with a 35% increase in rental rates, standing out against the steady performance of other nearby sectors.

Mullanpur Rent Comparison

By Unit Type
By Location

Unit Type	Rate (₹)
3 Bhk	32,500

Locality	Rate (₹/sq.ft)	Change %
Sector 38	50	35
Sector 37	50	-
New Chandigarh	50	-
Sector 40	50	-
Sector 36	50	-
Sector 35	50	-
Sector 44	50	-
Sector 33	50	-
Sector 49	50	-
Sector 13	50	-

Rental rates across the region are largely uniform, with locations such as Sector 38, Sector 37, and New Chandigarh all averaging ₹50 per sq ft. Notably, Sector 38 has demonstrated significant momentum with a 35% increase in rental rates, standing out against the steady performance of other nearby sectors.

FAQ

Frequently Asked Questions About Property Rates in Mullanpur, Chandigarh

What is the current average asking price in Mullanpur?

As of March 2026, the average asking price in Mullanpur stands at ₹7,850 per sq ft. This rate has remained stable, showing a 0% change compared to the previous period, which indicates a period of price consolidation for residential apartments in the area.

How have property prices in Mullanpur trended recently?

The price trends in Mullanpur have shown a mixed trajectory over the past few quarters. As of March 2026, the micromarket rate is ₹9,000 per sq ft, following a reading of ₹9,150 per sq ft in December 2025, ₹7,850 per sq ft in September 2025, and ₹7,650 per sq ft in June 2025. This fluctuation reflects the dynamic nature of the local real estate market as it adjusts to supply and demand shifts.

How do property prices compare between villas and apartments in Mullanpur?

There is a significant price difference between property types in Mullanpur as of March 2026. Villas command a higher average price of ₹21,850 per sq ft, which has depreciated by 4.7% from the previous period. Meanwhile, apartments are priced at an average of ₹7,850 per sq ft, having seen a marginal depreciation of 0.76% over the same timeframe. These figures help buyers understand the premium associated with independent villa living compared to apartment living in the locality.

What is the typical rental rate for a 3 BHK apartment in Mullanpur?

As of March 2026, the average rental rate for a 3 BHK apartment in Mullanpur is ₹32,500 per month. This provides a clear benchmark for tenants looking for spacious residential units in the area, allowing them to align their housing budget with the prevailing market rates for apartment rentals.

How do rental rates compare across different sectors near Mullanpur?

Rental rates across various sectors surrounding Mullanpur are currently consistent, with many areas like Sector 37, New Chandigarh, Sector 40, Sector 36, Sector 35, Sector 44, Sector 33, Sector 49, and Sector 13 all recording an average rental rate of ₹50 per sq ft as of March 2026. Sector 38 stands out as an exception, also recording ₹50 per sq ft but having experienced a significant appreciation of 35% compared to the previous period. This uniformity in rental pricing suggests a stable rental market across these specific sectors.