Property Rates in North Mullanpur, Chandigarh 2026

Property prices in North Mullanpur have shown a dynamic trajectory, with the average asking price reaching ₹8,300 per sq ft in September 2026, up from ₹7,850 per sq ft in June 2026. This upward movement in the most recent quarter suggests strengthening market confidence, following a period of price stability earlier in the year.

Property rates in North Mullanpur vary significantly by type, with shops currently averaging ₹36,800 per sq ft (up 17.18% compared to previous periods) and villas at ₹23,700 per sq ft (up 26.89%). Apartments, which are the most common residential units, are priced at ₹8,300 per sq ft, reflecting an appreciation of 5.52% from earlier periods, while showrooms are priced at ₹20,000 per sq ft, showing a 3.53% appreciation.

As of September 2026, ready-to-move projects in North Mullanpur are priced at an average of ₹8,200 per sq ft, which represents a depreciation of 1.5% compared to previous cycles. In contrast, under-construction projects are currently priced at ₹9,350 per sq ft, showing a marginal appreciation of 0.27% over the same comparison period, suggesting that buyers are currently paying a premium for newer, under-construction inventory.

The average rental yield in North Mullanpur is 2.60% as of September 2026. This yield, calculated against the current average asking price of ₹8,300 per sq ft, provides a baseline for investors to evaluate the income-generating potential of their residential assets in the area.

Rental rates in North Mullanpur are segmented by unit size to cater to diverse tenant needs: 1 BHK apartments average ₹14,000 per month, 2 BHK units average ₹26,150 per month, 3 BHK units average ₹30,350 per month, and 4 BHK units average ₹36,150 per month. These figures provide a clear hierarchy of rental costs, helping both landlords and tenants understand the market positioning of different apartment sizes as of September 2026.

As of September 2026, premium rental projects in North Mullanpur include Omaxe Ambrosia at ₹19 per sq ft, followed by Manohar Singh Palm Residency, Ambika Florence Park, and Omaxe Lake, all averaging ₹18 per sq ft. While projects like Omaxe Ambrosia have seen stable rates, others like The Address Mullanpur have experienced a rental depreciation of 14.29% and Omaxe Silver Birch a depreciation of 5.88% compared to previous periods, highlighting the importance of project-specific performance.

Property rates in the vicinity of North Mullanpur show significant variance; for instance, Sector 38 commands a much higher average of ₹32,950 per sq ft (depreciated by 7.13%), while more affordable options like Sunny Enclave are priced at ₹4,250 per sq ft (depreciated by 1.18%). Other areas like Mohali Sector 126 have seen a notable appreciation of 16.27% to reach ₹9,900 per sq ft, whereas South Mullanpur has seen a depreciation of 11.65% to reach ₹8,100 per sq ft as of September 2026.

Omaxe Celestia Royal leads the market in North Mullanpur with a listing rate of ₹10,200 per sq ft as of September 2026, showing a slight appreciation of 0.13% from previous periods. Other prominent projects include Omaxe Lake at ₹9,550 per sq ft (up 4.83%) and GMADA Eco City at ₹9,400 per sq ft, which has maintained price stability over the comparison period.

Buyers should view the price trends as a reflection of market maturity and supply-demand balance in North Mullanpur as of September 2026. By comparing the current average asking price of ₹8,300 per sq ft with historical quarterly data, investors can identify whether the market is in a growth phase or a correction phase, helping them time their purchase or investment more effectively.