Mohali
The real estate market in Mullanpur is characterized by consistent pricing and a steady demand for residential properties. With an average asking price of ₹8,500 per sq ft, the area attracts both homebuyers and long-term investors looking for stable growth. Rental activity remains active, particularly for 3 BHK apartments, which command an average rent of ₹23,650 per month. The surrounding localities contribute to a broader regional market, offering varied price points for potential buyers and tenants alike.
As of September 2026, the average asking price in Mullanpur stands at ₹8,500 per sq ft. This rate has remained stable, showing 0% change compared to the previous period, which indicates a period of price consolidation in the local residential market.
The micromarket rates in Mullanpur have shown a consistent upward trajectory throughout 2026, rising from ₹7,100 per sq ft in March 2026 to ₹7,650 per sq ft in June 2026, and further reaching ₹7,700 per sq ft as of September 2026. This steady growth suggests a resilient demand environment for residential properties in the area over the last two quarters.
Property prices in the vicinity of Mullanpur show significant variation, with Sector 123 and Sunny Enclave commanding the highest rates at ₹9,350 per sq ft and ₹9,300 per sq ft respectively. Conversely, Kharar Road remains the most accessible option at ₹4,300 per sq ft. It is important to note that Sector 124 has seen a depreciation of 7.32%, while Sector 121 has depreciated by 4.93%, both compared to their previous benchmarks, reflecting a localized market correction in these specific sectors.
Apartments in Mullanpur are currently priced at an average of ₹8,500 per sq ft as of September 2026. This segment has shown strong growth, having appreciated by 19.44% compared to the previous period, signaling high buyer interest and robust demand for apartment-style living in this locality.
As of September 2026, the average rental rate in Mullanpur is ₹13 per sq ft, with the market maintaining a rental yield of 1.84%. The rental rate has remained stable with 0% change, suggesting that while capital values have seen movement, the rental market is currently in a phase of equilibrium.
For those seeking rental accommodation in Mullanpur, apartments currently command an average rental rate of ₹50 per sq ft, a rate that has remained unchanged as of September 2026. For specific configurations, 3 BHK apartments are available at an average monthly rent of ₹23,650. These figures provide a baseline for tenants and investors to evaluate the cost of living or potential rental income in the area.
The rental market on Kharar Road is notably distinct, with an average rental rate of ₹50 per sq ft as of September 2026. This rate has remained stable with 0% change over the period. This compares to the broader Mullanpur average of ₹13 per sq ft, highlighting that specific pockets like Kharar Road may offer different rental dynamics compared to the overall locality average.
Investors should look at the combination of the ₹8,500 per sq ft average asking price and the 1.84% rental yield to assess the income-generating potential of properties in Mullanpur. While apartment prices have appreciated by 19.44% as of September 2026, the stability in rental rates suggests that capital appreciation is currently the primary driver for investment returns in this market. Monitoring these trends helps in balancing long-term asset growth against immediate rental cash flow.
