Chandigarh
North Mullanpur is witnessing a balanced real estate environment characterized by steady price appreciation and a diverse range of residential and commercial offerings. The market has transitioned from lower entry points in late 2025 to a more mature pricing structure, appealing to both end-users and investors seeking long-term growth. Rental activity is equally vibrant, with a yield of 2.60% and a wide spectrum of unit configurations available for tenants. Recent data indicates that while residential apartments hold a stable baseline, commercial properties like showrooms and shops are experiencing notable upward momentum in their capital values.
As of June 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 resilient market with sustained interest from property seekers in the region.
Property prices in North Mullanpur have shown a positive trajectory, moving from ₹7,600 per sq ft in September 2025 to ₹8,200 per sq ft by June 2026. This upward trend indicates growing demand and confidence in the locality's long-term value, providing a stable outlook for potential investors and homebuyers.
As of June 2026, property rates in North Mullanpur vary significantly by type: shops command the highest average price at ₹36,800 per sq ft (which appreciated by 17.18%), followed by villas at ₹24,450 per sq ft (up by 7.62%), showrooms at ₹20,000 per sq ft (up by 3.53%), and apartments at ₹8,200 per sq ft (which saw a slight depreciation of 1.32% compared to the prior period).
The rental yield in North Mullanpur is currently 2.60% as of June 2026, with an average rental rate of ₹18 per sq ft. For investors, this yield represents the annual rental income relative to the property's purchase price, serving as a key metric to evaluate the income-generating potential of residential assets in the area.
As of June 2026, the average monthly rental rates in North Mullanpur are ₹14,000 for 1 BHK, ₹18,850 for 2 BHK, ₹30,550 for 3 BHK, and ₹37,500 for 4 BHK apartments. These figures provide a clear benchmark for tenants and landlords, reflecting the premium commanded by larger configurations in the current market.
As of June 2026, top projects by rental rates in North Mullanpur include Omaxe Ambrosia at ₹19 per sq ft, followed by Manohar Singh Palm Residency, Ambika Florence Park, and Omaxe Lake, all at ₹18 per sq ft. While most of these rates have remained stable, The Address Mullanpur saw a depreciation of 14.29% and Omaxe Silver Birch saw a depreciation of 5.88% compared to the previous period.
Property rates in the vicinity of North Mullanpur show significant variation: Mohali Sector 125 is priced at ₹12,200 per sq ft (up 8.29%), Mohali Sector 126 at ₹9,550 per sq ft (up 20.37%), and Sunny Enclave at ₹9,000 per sq ft (down 2.09%). Meanwhile, South Mullanpur is priced at ₹8,350 per sq ft (up 7.56%), and Mohali Sector 117 at ₹6,700 per sq ft (up 5.99%), all figures as of June 2026.
As of June 2026, Ready To Move properties in North Mullanpur are priced at an average of ₹8,550 per sq ft, which reflects a depreciation of 3.01% compared to the previous period. In contrast, properties in the Early Stage of construction are priced at ₹8,250 per sq ft (up 9.58%), Mid Stage at ₹9,600 per sq ft (up 8.39%), and Advanced Stage at ₹9,900 per sq ft (up 6.76%), indicating a premium often associated with newer, developing projects.
As of June 2026, the top projects by listing rates include GMADA Eco City at ₹16,400 per sq ft (stable), 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 spectrum in North Mullanpur, reflecting the diverse investment opportunities available.
A potential buyer should look at the quarterly price movement from June 2026 (₹8,200 per sq ft) back to September 2025 (₹7,600 per sq ft) to understand the long-term growth trajectory. The consistent appreciation over these quarters suggests strong demand, which is a positive signal for capital appreciation, though buyers should always cross-reference these rates with specific project amenities and current market conditions.
