Chandigarh
Mullanpur is establishing itself as a key residential destination, currently offering a balanced mix of property types for prospective buyers. While the market has seen minor fluctuations in pricing, the underlying demand for quality living spaces remains consistent. Rental activity is particularly active, with a clear preference for larger family-oriented units. Development trends suggest a steady evolution, focusing on providing modern amenities to suit contemporary lifestyle needs.
As of June 2026, the average asking price in Mullanpur stands at ₹7,850 per sq ft. This rate has remained stable with a 0% change, indicating a period of price consolidation in the local residential apartment market.
As of June 2026, villas in Mullanpur command a significantly higher average price of ₹21,850 per sq ft, which has depreciated by 4.7% compared to the previous period. In contrast, apartments are priced at an average of ₹7,850 per sq ft, reflecting a marginal depreciation of 0.76% over the same timeframe. This price gap highlights the premium nature of villa developments in the region compared to standard apartment offerings.
As of June 2026, rental options in Mullanpur are primarily available in larger configurations, with 3 BHK apartments commanding an average monthly rent of ₹29,000 and 4 BHK apartments averaging ₹46,000 per month. These rates provide clear benchmarks for tenants and landlords looking to understand the current cost of living in the area's residential apartment segment.
Rental rates across neighborhoods near Mullanpur are currently uniform at ₹50 per sq ft, though they show varying growth trajectories as of June 2026. For instance, Sector 35 has seen a significant appreciation of 25% and Sector 37 has appreciated by 21.74%, while areas like Sector 38 have experienced a depreciation of 3.7% and Sector 33 a depreciation of 9.09%. This data suggests that while the base rental rate is consistent, market demand and local desirability are driving distinct price movements in specific sectors.
The micromarket rate in Mullanpur has shown fluctuations in recent quarters, moving from ₹4,200 per sq ft in September 2025 to ₹4,950 per sq ft in December 2025, before stabilizing at ₹4,300 per sq ft as of June 2026. This trajectory reflects a period of adjustment following the peak seen in late 2025, providing a current baseline for potential buyers and investors evaluating entry points in the market.
Investors should view the current Mullanpur market as a landscape where property types significantly dictate capital outlay and potential returns. With apartments averaging ₹7,850 per sq ft and villas reaching ₹21,850 per sq ft as of June 2026, the entry barrier varies widely by asset class. By comparing these sale rates with the prevailing rental benchmarks, such as the ₹29,000 to ₹46,000 monthly range for larger apartments, investors can better assess the income-generating potential of their assets relative to the current market stability.
