Property Rates in North Mullanpur, Chandigarh 2026
Property rates in North Mullanpur average ₹7,850 per sq ft. The market has seen a notable fluctuation recently, with prices moving from a low of ₹7,600 in September 2025 to a peak of ₹8,300 in early 2026 before stabilizing. Investors are currently looking at a rental yield of 2.75%, supported by a variety of residential apartment options that cater to both long-term residents and those seeking ready-to-move-in housing solutions.
Insights for North Mullanpur, Chandigarh Real Estate Market Overview
The real estate market in North Mullanpur shows a dynamic blend of residential growth and rental activity. Price trends indicate a period of adjustment, with recent quarterly rates reflecting shifting demand across the locality. Rental options remain robust, particularly for apartment units ranging from 1 BHK to 4 BHK configurations, which provide steady income potential for investors. The presence of established projects like Omaxe Celestia Royal and DLF Central Square highlights the area's appeal for high-end residential living.
Average apartment prices currently stand at ₹7,850 per sq ft.
Ready to move projects are commanding a premium, with average rates around ₹8,300 per sq ft.
Rental rates for 3 BHK apartments average ₹30,700 per month, reflecting strong demand for larger family units.
Commercial interest is high, with shop spaces reaching up to ₹36,800 per sq ft.
Market Strengths
Diverse rental portfolio with options ranging from 1 BHK to 4 BHK units.
Strong commercial interest with showroom spaces growing at 3.53%.
High-value projects like Omaxe Celestia Royal maintain a premium price point of ₹10,150 per sq ft.
Competitive entry-level rental options starting at ₹14,000 per month for 1 BHK apartments.
Stable pricing in under construction projects at ₹9,300 per sq ft.
Market Challenges
Villa prices have seen a decline of -17.86%, indicating a softer market for high-end independent homes.
Apartment prices in the residential segment have experienced a -5.31% adjustment.
Ready to move projects have seen a slight pricing dip of -3.02%.
Investment Opportunities
Rental yield of 2.75% provides a consistent return for residential property owners.
Apartment rentals ranging from ₹14,000 to ₹38,100 per month offer scalable income based on unit size.
Commercial shop investments have shown a strong growth of 17.18% over the past year.
Ready to move apartments at ₹8,300 per sq ft offer immediate occupancy and rental potential.
Top Localities in North Mullanpur, Chandigarh
North Kharar
Avg Price₹ 5,350 /Sq.Ft.
LISTINGS
48
Central Kharar
Avg Price₹ 4,200 /Sq.Ft.
LISTINGS
8
South Kharar
Avg Price₹ 4,950 /Sq.Ft.
LISTINGS
1
Price Trend
North Mullanpur, Chandigarh Property Price Trends and Appreciation
Property rates in North Mullanpur have shown a fluctuating pattern over the last year. After reaching a high of ₹8,300 per sq ft in March 2026, values adjusted to the current average of ₹7,850 per sq ft. This trend reflects the evolving demand cycle within the locality as it matures.
North Mullanpur sits within a broader regional landscape where property values vary significantly. Nearby South Mullanpur commands a premium at ₹9,200 per sq ft, while more affordable options like Sunny Enclave are available at ₹4,300 per sq ft. Mohali Sector 125 also presents a high-value alternative at ₹11,100 per sq ft, highlighting the wide range of investment choices across the Chandigarh periphery.
North Mullanpur offers a diverse range of property types to suit different buyer goals. Commercial shops lead the market at ₹36,800 per sq ft, showing a growth of 17.18%. Residential apartments are priced at ₹7,850 per sq ft, while villa properties are available at ₹18,650 per sq ft, providing options for those seeking more space.
The market provides flexibility with properties at different stages of construction. Ready to move projects, which include 11 units, average ₹8,300 per sq ft. For those preferring newer builds, under construction projects are priced at ₹9,300 per sq ft, while partially ready units are available at ₹9,150 per sq ft.
Project & Developer Insights
Top Residential Projects and Developers in North Mullanpur
Top Developersin Chandigarh
DLF leads in Chandigarh with 6 projects and 70 years of experience.
DLF
₹ 70.5 L - ₹ 3.35 Cr
6 Projects
70 Years
Omaxe
₹ 25.65 L - ₹ 5.54 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 residential developments define the upper end of the North Mullanpur market. Omaxe Celestia Royal leads with an asking price of ₹10,150 per sq ft, followed closely by Omaxe Lake at ₹9,600 per sq ft. Other prominent projects like DLF Central Square and GMADA Eco City are priced at ₹9,400 per sq ft, catering to buyers seeking established community living.
Top projects such as Omaxe Ambrosia and Ambika Florence Park lead the rental market with rates of ₹19 and ₹18 per sq ft respectively. Other developments like Omaxe Lake and The Address Mullanpur also command steady rental rates of ₹18 per sq ft, though some have seen minor adjustments in value.
Rental Trends
Rental Trends and Average Rent in North Mullanpur, Chandigarh
Rental rates vary by unit size, with 1 BHK apartments averaging ₹14,000 per month. Larger 2 BHK and 3 BHK units command higher monthly rents of ₹26,350 and ₹30,700 respectively, while 4 BHK apartments reach an average of ₹38,100 per month. Rental rates across the surrounding sectors are consistent, with many areas like Mullanpur, New Chandigarh, and Sector 38 hovering around ₹50 per sq ft. Notable growth is seen in Sector 37 and Sector 35, which have registered significant increases of 21.74% and 25% respectively. Both villas and apartments in North Mullanpur maintain an average rental rate of ₹50 per sq ft, demonstrating a stable market for different property configurations. Top projects such as Omaxe Ambrosia and Ambika Florence Park lead the rental market with rates of ₹19 and ₹18 per sq ft respectively. Other developments like Omaxe Lake and The Address Mullanpur also command steady rental rates of ₹18 per sq ft, though some have seen minor adjustments in value.
Rental rates vary by unit size, with 1 BHK apartments averaging ₹14,000 per month. Larger 2 BHK and 3 BHK units command higher monthly rents of ₹26,350 and ₹30,700 respectively, while 4 BHK apartments reach an average of ₹38,100 per month.
Rental rates across the surrounding sectors are consistent, with many areas like Mullanpur, New Chandigarh, and Sector 38 hovering around ₹50 per sq ft. Notable growth is seen in Sector 37 and Sector 35, which have registered significant increases of 21.74% and 25% respectively.
Both villas and apartments in North Mullanpur maintain an average rental rate of ₹50 per sq ft, demonstrating a stable market for different property configurations.
Frequently Asked Questions About Property Rates in North Mullanpur, Chandigarh
What is the current average asking price in North Mullanpur?
As of June 2026, the average asking price in North Mullanpur is ₹7,850 per sq ft. This figure represents a depreciation of 5.31% compared to the previous period, reflecting a recent market adjustment in the area.
How have property prices in North Mullanpur trended recently?
Property prices in North Mullanpur have shown a fluctuating trajectory over the past year. As of June 2026, the rate stands at ₹7,850 per sq ft, following a period of ₹8,300 per sq ft in March 2026, ₹8,100 per sq ft in December 2025, and ₹7,600 per sq ft in September 2025. This movement indicates a dynamic market where buyers and investors should monitor quarterly shifts to time their entry effectively.
How do property prices vary by property type in North Mullanpur?
Property prices in North Mullanpur vary significantly by type as of June 2026. Shops command the highest average price at ₹36,800 per sq ft, which has appreciated by 17.18% over the measured period. Showrooms are priced at ₹20,000 per sq ft (up 3.53%), while villas average ₹18,650 per sq ft, showing 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%.
What is the price difference between ready-to-move and under-construction projects in North Mullanpur?
As of June 2026, under-construction projects in North Mullanpur are priced at an average of ₹9,300 per sq ft, showing stable pricing with 0% change. In comparison, ready-to-move projects average ₹8,300 per sq ft, reflecting a depreciation of 3.02% from the prior period. This pricing gap often reflects the premium buyers are willing to pay for newer, modern inventory currently in the development phase.
What is the average rental rate and rental yield in North Mullanpur?
As of June 2026, the average rental rate in North Mullanpur is ₹18 per sq ft, with rental yields currently at 2.75%. The rental rates have remained stable with 0% change over the period. For investors, a rental yield of 2.75% provides a baseline for evaluating the income potential of residential assets relative to the current capital investment required for property ownership in the area.
What are the typical monthly rental rates for different BHK configurations in North Mullanpur?
Rental rates in North Mullanpur vary by unit size to accommodate different tenant profiles. As of June 2026, a 1 BHK apartment rents for an average of ₹14,000 per month, while 2 BHK units average ₹26,350 per month. Larger 3 BHK and 4 BHK apartments command average monthly rents of ₹30,700 and ₹38,100, respectively. These tiers allow tenants to choose properties based on their space requirements and budget.
Which projects in North Mullanpur command the highest rental rates?
As of June 2026, Omaxe Ambrosia leads the rental market in North Mullanpur with a rate of ₹19 per sq ft, showing stable performance with 0% change. Other premium rental projects include Ambika Florence Park, Omaxe Lake, The Address Mullanpur, and Manohar Singh Palm Residency, all averaging ₹18 per sq ft. While most of these projects have maintained stable rental pricing, Omaxe Lake saw a depreciation of 5.26%, and The Address Mullanpur recorded a depreciation of 14.29% over the period.
How do rental rates in North Mullanpur compare to nearby areas?
Rental rates in North Mullanpur currently average ₹18 per sq ft, while several surrounding sectors and localities, such as South Mullanpur, New Chandigarh, and various numbered sectors like Sector 38 and Sector 40, show a higher average rental rate of ₹50 per sq ft. Investors should note that while North Mullanpur offers specific entry points, nearby areas like Sector 37 have seen significant rental appreciation of 21.74%, and Sector 35 has seen an increase of 25% as of June 2026.
Which projects in North Mullanpur have the highest listing rates?
As of June 2026, Omaxe Celestia Royal is among the top projects by listing rate at ₹10,150 per sq ft, having appreciated by 2.55% over the period. Other high-value projects include Omaxe Lake at ₹9,600 per sq ft (depreciated by 0.07%) and DLF Central Square at ₹9,400 per sq ft, which has remained stable. These projects represent the premium segment of the North Mullanpur market, often attracting buyers looking for established developer reputations.
How should a buyer interpret the price trends in North Mullanpur?
A buyer should view the price trends in North Mullanpur as a signal of a maturing market. With the average asking price at ₹7,850 per sq ft as of June 2026, the recent depreciation of 5.31% suggests a period of price correction or stabilization. Monitoring these trends helps buyers identify whether the market is currently favoring entry at more competitive rates compared to the peak observed in previous quarters.
