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North Mullanpur is evolving into a key residential and commercial destination within the Chandigarh region, offering a balanced mix of ready-to-move and under-construction projects. While property prices have seen fluctuations over the past few quarters, the market remains active with a healthy rental yield of 2.75%. Investors and homebuyers can explore diverse options ranging from apartments to premium villa developments. The rental market is equally robust, supported by a steady demand for various unit sizes.
As of September 2026, the average asking price in North Mullanpur stands at ₹7,850 per sq ft. This figure reflects a depreciation of 5.31% compared to the previous period, indicating a softening in market demand or an adjustment in seller expectations within the locality.
Property price trends in North Mullanpur have shown a fluctuating trajectory over recent quarters. Data from December 2025 recorded an average rate of ₹8,100 per sq ft, which increased to ₹8,300 per sq ft in March 2026, before settling at ₹7,850 per sq ft by June 2026. This movement suggests a period of market correction following the peak observed in the first quarter of 2026.
Property rates in North Mullanpur vary significantly by asset class as of September 2026. Shops command the highest average price at ₹36,800 per sq ft, which has appreciated by 17.18% over the measured period. Showrooms follow at ₹20,000 per sq ft (up 3.53%), while villas are priced at ₹18,650 per sq ft, reflecting a depreciation of 17.86%. Apartments remain the most accessible residential option at ₹7,850 per sq ft, which has seen a depreciation of 5.31%.
As of September 2026, under-construction projects in North Mullanpur are priced at an average of ₹9,300 per sq ft, showing stable pricing with no change. In contrast, ready-to-move projects are currently priced at ₹8,300 per sq ft, which represents a depreciation of 3.02% compared to the previous period. This pricing gap often reflects the premium buyers are willing to pay for newer, modern infrastructure versus established inventory.
Omaxe Celestia Royal leads the market in North Mullanpur with a listing rate of ₹10,150 per sq ft as of September 2026, having appreciated by 2.55%. Other premium projects include Omaxe Lake at ₹9,600 per sq ft (a marginal depreciation of 0.07%) and both DLF Central Square and GMADA Eco City, which are listed at ₹9,400 per sq ft. The stability or movement in these rates provides a benchmark for the premium segment within the locality.
As of September 2026, the average rental rate in North Mullanpur is ₹18 per sq ft, a rate that has remained stable with 0% change. The locality currently offers a rental yield of 2.75%, which serves as a key metric for investors evaluating the income-generating potential of their capital outlay in this market.
Rental rates in North Mullanpur scale according to the size of the unit as of September 2026. A 1 BHK apartment typically rents for ₹14,000 per month, while 2 BHK units average ₹26,350 per month. Larger configurations like 3 BHK and 4 BHK apartments command average monthly rents of ₹30,700 and ₹38,100, respectively. This progression allows tenants to choose based on their space requirements and budget.
As of September 2026, Omaxe Ambrosia leads the rental market in North Mullanpur with a rate of ₹19 per sq ft, showing stable pricing. Projects such as Ambika Florence Park, Omaxe Lake, The Address Mullanpur, and Manohar Singh Palm Residency all follow with an average rental rate of ₹18 per sq ft. While most of these projects have maintained stable rental rates, Omaxe Lake and The Address Mullanpur have seen depreciations of 5.26% and 14.29% respectively, reflecting specific project-level market adjustments.
Investors should view the 2.75% rental yield in North Mullanpur as a baseline for expected annual returns relative to property values. Because rental rates for most major projects—such as Omaxe Ambrosia and Manohar Singh Palm Residency—have remained stable at 0% change as of September 2026, the market currently favors long-term capital appreciation over immediate high-yield rental income. Comparing these yields against the current apartment asking price of ₹7,850 per sq ft helps in assessing the overall investment viability.
Property rates in the vicinity of North Mullanpur show significant variation. For instance, Mohali Sector 125 commands a higher average rate of ₹11,100 per sq ft, despite a 9% depreciation, while South Mullanpur is priced at ₹9,200 per sq ft, having appreciated by 10.19% as of September 2026. Conversely, more affordable options exist in areas like Sunny Enclave, which averages ₹4,300 per sq ft, showing a slight appreciation of 0.21%.
