Mohali
The Mullanpur real estate market is currently experiencing a period of notable price appreciation, with rates climbing from ₹7,150 per sq ft to ₹8,500 per sq ft by the end of 2025. This growth is supported by a robust demand for residential apartments, which have seen a substantial 19.44% increase in value. Rental activity remains steady, providing investors with a stable yield of 1.84% as demand for larger residential units like 3 BHK apartments continues to gain momentum.
The average asking price in Mullanpur is ₹8,500 per sq ft as of March 2026. This rate has remained stable with a change percentage of 0% compared to the previous period, indicating a period of price consolidation in the local residential market.
Property prices in Mullanpur have shown a significant upward trajectory over the last few quarters. The location rate rose from ₹7,150 per sq ft in June 2025 and September 2025 to ₹8,500 per sq ft in December 2025, signaling strong demand and growing investor interest in the area.
Property prices vary significantly across the region, with Sector 70 commanding the highest rate at ₹14,200 per sq ft for commercial office space, though this has seen a depreciation of 5.65% compared to previous periods. In contrast, residential options like Sunny Enclave are priced at ₹9,500 per sq ft, reflecting an appreciation of 4.68%, while Sector 121 stands at ₹8,950 per sq ft, showing a robust appreciation of 11.29%.
Apartments in Mullanpur currently have an average asking price of ₹8,500 per sq ft as of March 2026. This segment has experienced notable growth, having appreciated by 19.44% compared to the prior period, which highlights the increasing preference for apartment-style living in this micromarket.
The rental yield in Mullanpur currently stands at 1.84%, providing a baseline for income-focused investors evaluating the area. With an average rental rate of ₹13 per sq ft as of March 2026, which has remained stable with a 0% change, this yield reflects the current balance between capital appreciation and rental income generation in the locality.
The average rent for a 3 BHK apartment in Mullanpur is ₹23,650 per month as of March 2026. This rental price point serves as a key benchmark for families and professionals seeking larger residential spaces in the area, reflecting the current supply-demand dynamics for spacious apartment configurations.
Rental rates are relatively uniform across several nearby areas, with Sunny Enclave, Sector 77, and Kharar Landran Road all recording an average rental rate of ₹50 per sq ft as of March 2026. However, some areas have seen adjustments; for instance, Sector 127 has seen a depreciation of 4.55% to reach ₹50 per sq ft, and Kharar has experienced a more significant depreciation of 14.29% to reach the same ₹50 per sq ft rate.
A buyer should use the provided data to identify price trends and compare value across different micromarkets like Sector 121 or Sunny Enclave. By observing the appreciation or depreciation percentages—such as the 11.29% increase in Sector 121—buyers can gauge the growth potential of their investment and make informed decisions based on the current average asking price of ₹8,500 per sq ft as of March 2026.
