Mohali
Mullanpur has emerged as a dynamic residential hub in Mohali, characterized by a sharp appreciation in property values over the last quarter. The market is primarily driven by apartment-style living, which continues to attract significant interest from buyers looking for modern amenities. Rental activity remains consistent, with a healthy yield that reflects the area's growing appeal as a sustainable residential destination. Investors and residents alike are benefiting from this steady capital growth and the ongoing development of local infrastructure.
As of June 2026, the average asking price in Mullanpur stands at ₹8,500 per sq ft. This rate has remained stable, showing a change percentage of 0% compared to the previous period, which typically indicates a balanced market environment where supply and demand are currently in equilibrium.
The micromarket rate in Mullanpur has shown a positive trajectory, rising from ₹7,100 per sq ft in March 2026 to ₹7,650 per sq ft in June 2026. This upward movement suggests growing interest and strengthening demand within the locality over the last quarter.
Property prices in the vicinity of Mullanpur show significant variation, reflecting the diverse nature of these neighbourhoods. For instance, Sunny Enclave commands a premium with an average asking price of ₹9,300 per sq ft, though it has seen a depreciation of 1.92% compared to the previous period. In contrast, Sector 123 offers a more accessible entry point at ₹4,200 per sq ft, having appreciated by 9.73% over the same timeframe. Other areas like Sector 121 are priced at ₹8,450 per sq ft, reflecting a 5.58% depreciation, while Sector 124 is at ₹7,150 per sq ft, showing a 16.77% depreciation.
As of June 2026, the average asking price for apartments in Mullanpur is ₹8,500 per sq ft. This segment has shown significant growth, appreciating by 19.44% compared to the previous period, which highlights a strong preference for apartment-style living in this locality.
The average rental rate in Mullanpur is ₹13 per sq ft as of June 2026, with a rental yield of 1.84%. The rental rate has remained stable with a 0% change, suggesting a consistent income stream for property owners. For investors, a rental yield of 1.84% provides a baseline for evaluating the potential return on investment relative to the current capital outlay required for property acquisition.
Tenants looking for larger living spaces in Mullanpur can expect an average monthly rent of ₹23,650 for a 3 BHK apartment as of June 2026. This figure represents the current market standard for this unit type, providing a clear benchmark for both landlords setting their asking rents and tenants planning their housing budgets.
Rental rates in the areas surrounding Mullanpur are notably uniform, with Kharar Road, Sas Nagar, and Sector 88 all recording an average rental rate of ₹50 per sq ft as of June 2026. These rates have remained stable with a 0% change, indicating a consistent rental valuation across these specific micromarkets.
The rental yield of 1.84% in Mullanpur, as of June 2026, serves as a key metric for investors to gauge the annual income return from a property relative to its purchase price. While this yield reflects current market conditions, investors should weigh it against the capital appreciation potential of the area, as property rates for apartments have shown a notable 19.44% appreciation compared to the previous period.
The 0% change in the overall average asking price of ₹8,500 per sq ft in June 2026 indicates a period of price consolidation in Mullanpur. For prospective buyers, this stability can be advantageous as it provides a predictable pricing environment, allowing for more informed decision-making without the pressure of rapid, short-term market fluctuations.
