Chandigarh
Mullanpur is evolving into a key residential destination, characterized by a mix of villa and apartment offerings that appeal to a broad demographic. The market has maintained a stable price base, allowing for long-term growth potential as infrastructure in the region expands. Rental demand is robust, supported by a steady flow of tenants seeking well-connected homes with modern amenities. This balance between capital values and rental yields makes it a reliable spot for property seekers.
The average asking price in Mullanpur is ₹7,850 per sq ft as of June 2026. 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, showing 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, the typical monthly rent for a 3 BHK apartment in Mullanpur is ₹29,000, while a 4 BHK apartment commands an average monthly rent of ₹46,000. These figures provide a clear benchmark for tenants looking for spacious residential options in the area, with the price difference reflecting the additional square footage and premium associated with 4 BHK configurations.
Rental rates across various sectors in the Chandigarh region currently stand at a uniform ₹50 per sq ft as of June 2026, though their recent performance varies significantly. For instance, Sector 35 has seen a notable appreciation of 25% and Sector 37 has appreciated by 21.74% compared to the previous period. Conversely, Sector 33 has experienced a depreciation of 9.09%, and Sector 38 has seen a 3.7% depreciation, reflecting localized fluctuations in rental demand despite the consistent base rate per square foot.
Property rates in sectors surrounding Mullanpur show a diverse performance as of June 2026. Sector 36 has emerged as a high-growth area with an average rate of ₹42,550 per sq ft, reflecting a strong appreciation of 10.83% compared to the previous period. Other areas like Sector 34, priced at ₹44,700 per sq ft, also showed growth with a 6.22% appreciation. Meanwhile, sectors such as Sector 40, with an average rate of ₹26,300 per sq ft, experienced a depreciation of 4.13%, suggesting that investors should carefully evaluate individual sector trends before making investment decisions.
The price trends in Mullanpur, as of June 2026, indicate a stable market environment for apartments, with the average asking price holding at ₹7,850 per sq ft. While the micromarket rate has remained steady at 4,300 per sq ft since March 2026, the historical data shows a shift from 4,950 per sq ft in December 2025. This suggests that while the broader market is currently consolidating, investors should monitor these quarterly fluctuations closely to identify entry points that align with their long-term capital appreciation goals.
