Property Rates in North Mullanpur, Chandigarh 2026
Property rates in North Mullanpur average ₹8,300 per sq ft, reflecting a steady upward trend over the past three quarters. The market shows strong momentum, particularly in the residential segment where apartments are priced at this benchmark. With a rental yield of 2.60% and diverse options ranging from villas to commercial showrooms, the area remains an attractive hub for both end-users and investors seeking growth in the Chandigarh real estate landscape.
Insights for North Mullanpur, Chandigarh Real Estate Market Overview
The North Mullanpur real estate market exhibits consistent growth, with property rates climbing from ₹7,300 per sq ft in mid-2025 to the current ₹8,300 per sq ft. This upward trajectory is supported by a robust mix of residential and commercial inventory, including high-demand villa and apartment configurations. Rental activity is equally active, with investors benefiting from a 2.60% yield and a steady demand for 1 BHK to 4 BHK units. Developers are actively shaping the landscape through a variety of project stages, ensuring a balanced supply of ready-to-move and developing units.
Apartment prices have seen a positive change of 2.29%, while villa prices lead the segment at ₹22,750 per sq ft.
Ready-to-move units maintain a strong presence, with an average price of ₹8,550 per sq ft.
The shop segment shows significant appreciation, recording a 17.18% increase to reach ₹36,800 per sq ft.
Rental rates for 4 BHK apartments average ₹35,450 per month, highlighting the premium demand in the area.
Top projects like Omaxe Celestia Royal and Omaxe Lake are commanding significant interest with rates reaching up to ₹9,900 per sq ft.
Market Strengths
A healthy rental yield of 2.60% underscores the area's appeal to tenants and investors alike.
Diverse property types, from apartments to high-value commercial shops, cater to a wide range of budgets.
Consistent quarterly price appreciation shows strong underlying demand for North Mullanpur real estate.
Active supply across all development stages provides flexibility for buyers to balance possession timing and cost.
Strong performance in the villa segment, which commands ₹22,750 per sq ft, highlights the area's premium lifestyle appeal.
Market Challenges
Ready-to-move projects have seen a -3.01% price adjustment, indicating a slight softening in immediate occupancy demand.
The rental market for specific projects like The Address Mullanpur has experienced a -14.29% change, reflecting localized shifts in demand.
Investment Opportunities
Residential apartments offer a stable entry point at ₹8,300 per sq ft with consistent quarterly appreciation.
The 2.60% rental yield provides a solid foundation for income-generating property investments.
Early stage projects, priced at ₹8,250 per sq ft, offer significant growth potential for long-term investors.
Commercial shop segments have shown high momentum with a 17.18% YoY growth rate.
Top Localities in North Mullanpur, Chandigarh
North Kharar
Avg Price₹ 5,350 /sqft
LISTINGS
619
New Chandigarh
Avg Price₹ 9,850 /sqft
Avg Rent₹ 15 /sq
ft
YIELD
+ 1.83
LISTINGS
97
Central Kharar
Avg Price₹ 4,200 /sqft
LISTINGS
9
South Kharar
Avg Price₹ 4,950 /sqft
LISTINGS
1
Price Trend
North Mullanpur, Chandigarh Property Price Trends and Appreciation
Property rates in North Mullanpur have shown consistent growth over the last nine months. The market value moved from ₹7,300 per sq ft in June 2025 to its current standing of ₹8,300 per sq ft. This steady appreciation reflects increasing buyer confidence and sustained development in the locality.
North Mullanpur is surrounded by several prominent residential hubs that offer varied price points for investors. Sector 38 commands a premium at ₹36,900 per sq ft, while Sector 40 hovers around ₹26,300 per sq ft. More accessible options are available in Mohali Sector 127, where prices average ₹4,900 per sq ft. Meanwhile, Mohali Sector 126 has experienced a notable 20.37% increase, bringing its average to ₹9,550 per sq ft.
North Mullanpur offers a diverse real estate portfolio catering to varied investment needs. Shops lead the premium category at ₹36,800 per sq ft, showing a robust 17.18% growth, while villa segments are priced at ₹22,750 per sq ft. Residential apartments remain the primary choice for many, averaging ₹8,300 per sq ft with a 2.29% increase, alongside commercial showrooms priced at ₹20,000 per sq ft.
The market provides options across the full development spectrum, allowing buyers to choose based on their timeline. Ready To Move properties average ₹8,550 per sq ft, while units in the Advanced Stage are priced at ₹9,900 per sq ft. Early Stage projects offer an entry point at ₹8,250 per sq ft, reflecting a 9.58% growth trend.
Project & Developer Insights
Top Residential Projects and Developers in North Mullanpur
Top Developersin North Mullanpur
DLF leads in North Mullanpur with 6 projects and 70 years of experience.
DLF
₹ 70.5 L - ₹ 3.35 Cr
6 Projects
70 Years
Omaxe
₹ 25.65 L - ₹ 2.43 Cr
12 Projects
32 Years
Altus Space Builders Pvt Ltd
5 Projects
Manohar Singh
₹ 35.79 L - ₹ 1.48 Cr
5 Projects
Greater Mohali Area Development Authority
₹ 74.99 L - ₹ 1.46 Cr
Premium developments in North Mullanpur set high benchmarks for value and quality. GMADA Eco City leads the market at ₹16,400 per sq ft, while Omaxe Celestia Royal follows at ₹9,900 per sq ft with a 6.76% increase. Other notable projects like Omaxe Lake and Omaxe Cassia provide competitive options at ₹9,600 per sq ft and ₹8,750 per sq ft respectively.
Top projects such as Omaxe Ambrosia and Manohar Singh Palm Residency lead the rental market with rates of ₹19 and ₹18 per sq ft respectively. Projects like Omaxe Silver Birch and Omaxe New Chandigarh are priced at ₹16 per sq ft, while GMADA Eco City offers a rental rate of ₹15 per sq ft with a 7.14% increase.
Rental Trends
Rental Trends and Average Rent in North Mullanpur, Chandigarh
Rental options in North Mullanpur cater to diverse family sizes, with 1 BHK units averaging ₹16,000 per month. Those seeking more space can opt for 2 BHK units at ₹17,250 per month, while 3 BHK and 4 BHK apartments command higher monthly rents of ₹28,750 and ₹35,450 respectively. Rental rates across the surrounding sectors are quite uniform, with areas like New Chandigarh, Sector 38, and Sector 40 all maintaining an average of ₹50 per sq ft. While most sectors show stable trends, Sector 38 has notably seen a 35% increase in rental pricing, making it a standout performer in the region. Rental market performance is segmented by property type, with both villas and apartments averaging ₹50 per sq ft. Villas have experienced a significant 15.38% increase in rental rates, signaling a growing preference for spacious, independent living options in the area. Top projects such as Omaxe Ambrosia and Manohar Singh Palm Residency lead the rental market with rates of ₹19 and ₹18 per sq ft respectively. Projects like Omaxe Silver Birch and Omaxe New Chandigarh are priced at ₹16 per sq ft, while GMADA Eco City offers a rental rate of ₹15 per sq ft with a 7.14% increase.
Rental options in North Mullanpur cater to diverse family sizes, with 1 BHK units averaging ₹16,000 per month. Those seeking more space can opt for 2 BHK units at ₹17,250 per month, while 3 BHK and 4 BHK apartments command higher monthly rents of ₹28,750 and ₹35,450 respectively.
Rental rates across the surrounding sectors are quite uniform, with areas like New Chandigarh, Sector 38, and Sector 40 all maintaining an average of ₹50 per sq ft. While most sectors show stable trends, Sector 38 has notably seen a 35% increase in rental pricing, making it a standout performer in the region.
Rental market performance is segmented by property type, with both villas and apartments averaging ₹50 per sq ft. Villas have experienced a significant 15.38% increase in rental rates, signaling a growing preference for spacious, independent living options in the area.
Frequently Asked Questions About Property Rates in North Mullanpur, Chandigarh
What is the current average asking price in North Mullanpur?
As of March 2026, the average asking price in North Mullanpur stands at ₹8,300 per sq ft. This figure reflects an appreciation of 2.29% compared to the previous period, signaling a steady demand for residential properties in this locality.
How have property prices in North Mullanpur trended over the last few quarters?
Property prices in North Mullanpur have shown a consistent upward trajectory from June 2025 to March 2026. The average rate rose from ₹7,300 per sq ft in June 2025 to ₹7,600 in September 2025, reaching ₹8,100 in December 2025, and finally settling at ₹8,300 per sq ft as of March 2026. This sustained growth indicates strong buyer confidence and sustained market activity in the area.
How do property rates in North Mullanpur compare across different property types?
As of March 2026, property rates in North Mullanpur vary significantly by type: shops are priced at ₹36,800 per sq ft (appreciating by 17.18%), villas at ₹22,750 per sq ft (appreciating by 8.84%), showrooms at ₹20,000 per sq ft (appreciating by 3.53%), and apartments at ₹8,300 per sq ft (appreciating by 2.29%). These variations reflect the diverse commercial and residential demand profiles within the locality.
What is the price difference between ready-to-move and under-construction properties in North Mullanpur?
As of March 2026, ready-to-move properties in North Mullanpur are priced at an average of ₹8,550 per sq ft, which has seen a depreciation of 3.01% compared to the previous period. In contrast, under-construction projects show varying price points based on their development stage: advanced stage projects are at ₹9,900 per sq ft (up 6.76%), mid-stage at ₹9,600 per sq ft (up 8.39%), and early-stage at ₹8,250 per sq ft (up 9.58%).
What is the average rental rate and rental yield for properties in North Mullanpur?
As of March 2026, the average rental rate in North Mullanpur is ₹18 per sq ft, with rates remaining stable at 0% change compared to the previous period. The locality offers a rental yield of 2.60%, which serves as a key metric for investors evaluating the income-generating potential of their residential assets relative to the current capital investment required.
What are the typical monthly rental rates for different BHK configurations in North Mullanpur?
As of March 2026, rental rates in North Mullanpur are tiered by size: 1 BHK apartments average ₹16,000 per month, 2 BHK units average ₹17,250 per month, 3 BHK units average ₹28,750 per month, and 4 BHK units average ₹35,450 per month. This structure provides a range of options for tenants depending on their space requirements and budget.
Which projects in North Mullanpur currently command the highest rental rates?
As of March 2026, the top projects by rental rates in North Mullanpur include Omaxe Ambrosia at ₹19 per sq ft (0% change), followed by Manohar Singh Palm Residency, Ambika Florence Park, and Omaxe Lake, all at ₹18 per sq ft (0% change). These projects represent the premium segment of the rental market, where stable rental values reflect consistent demand for well-maintained residential complexes.
How do rental rates for villas compare to apartments in North Mullanpur?
As of March 2026, villas in North Mullanpur command an average rental rate of ₹50 per sq ft, having appreciated by 15.38% compared to the previous period. Apartments, meanwhile, maintain an average rental rate of ₹50 per sq ft with 0% change, indicating that while both segments are currently priced similarly per square foot, the villa segment has seen more significant recent growth in rental demand.
Which residential projects in North Mullanpur have the highest listing rates?
As of March 2026, GMADA Eco City leads with a listing rate of ₹16,400 per sq ft (0% change), followed by Omaxe Celestia Royal at ₹9,900 per sq ft (up 6.76%) and Omaxe Lake at ₹9,600 per sq ft (up 8.39%). These projects represent the higher end of the market, and their listing rates provide a benchmark for premium property valuations in the area.
How should a potential investor interpret the property rate data for North Mullanpur?
Investors should look at the consistent price appreciation across most property types and project stages as of March 2026 to gauge market health. By comparing the 2.60% rental yield with the current average asking price of ₹8,300 per sq ft, investors can assess the long-term income potential of their purchase. Additionally, monitoring the price trends of specific projects like Omaxe Celestia Royal or GMADA Eco City helps in identifying assets that have shown strong historical growth.
