Chandigarh
New Chandigarh presents a dynamic real estate landscape characterized by evolving price trends and a growing rental market. While capital values have adjusted over recent quarters, the region remains a key interest point for both residential buyers and long-term investors. Rental demand is particularly robust, supported by a consistent yield and a variety of unit configurations that cater to a diverse demographic of tenants. The market's ability to maintain competitive entry points ensures it stays relevant amidst broader regional shifts.
As of June 2026, the average asking price in New Chandigarh is ₹8,200 per sq ft. This rate has remained stable with a 0% change, indicating a period of price consolidation in the local residential apartment market.
The property prices in New Chandigarh have shown a mixed trajectory leading up to June 2026. While the micromarket rate stood at ₹8,200 per sq ft in June 2026, it fluctuated from ₹8,450 per sq ft in March 2026, ₹8,300 per sq ft in December 2025, and ₹8,000 per sq ft in September 2025. This volatility reflects shifting demand and supply dynamics within the region over the past year.
Property rates in New Chandigarh, currently at ₹8,200 per sq ft, are significantly more accessible than in established premium sectors of Chandigarh. For instance, Sector 36 commands an average rate of ₹43,200 per sq ft (which appreciated by 1.6% from the previous period), and Sector 22 sits at ₹36,150 per sq ft (which appreciated by 0.24%). In contrast, areas like Mohali Sector 126 offer rates closer to the New Chandigarh range at ₹8,550 per sq ft, though this area saw a depreciation of 10.76%.
The current rental yield in New Chandigarh is 2.20% as of June 2026. This yield represents the annual rental income relative to the property's capital value, serving as a key metric for investors to evaluate the income-generating potential of their residential assets in the region.
As of June 2026, the average rental rate for apartments in New Chandigarh is ₹50 per sq ft, a figure that has remained stable with 0% change over the observed period. For tenants specifically looking for 3 BHK units, the average rent is ₹29,000 per month, providing a clear benchmark for budgeting in the local apartment rental market.
Rental rates across the surrounding sectors are largely uniform at ₹50 per sq ft, though the growth trends vary significantly. For example, Sector 35 has seen a notable appreciation of 25% in rental rates, while Sector 37 also experienced a strong increase of 21.74%. Conversely, some areas have seen a softening in rental demand, with Sector 33 experiencing a depreciation of 9.09% and Sector 38 seeing a depreciation of 7.41%.
The average asking price for apartments in New Chandigarh is ₹8,200 per sq ft as of June 2026. This segment has experienced a depreciation of 16.73% compared to the previous period, which may signal a market correction or an increase in available inventory, offering a potentially more competitive entry point for prospective buyers.
