Property Rates in North Mullanpur, Chandigarh

Property prices in North Mullanpur have shown a consistent upward trend over the past year. The average location rate increased from ₹7,295 per sq ft in Jun 2025 to ₹8,308 per sq ft in Mar 2026. Similarly, micromarket rates rose from ₹7,334 per sq ft in Jun 2025 to ₹8,318 per sq ft in Mar 2026. This sustained appreciation suggests growing demand and investor confidence in the North Mullanpur real estate market.

North Mullanpur's average asking price is ₹8,308 per sq ft as of Mar 2026. Nearby South Mullanpur shows a higher average rate of ₹8,341 per sq ft, having appreciated by 7.56%. In contrast, New Chandigarh has a significantly higher average rate of ₹9,863 per sq ft. Other micromarkets like North Kharar (₹5,370 per sq ft) and Sunny Enclave (₹4,299 per sq ft) are priced considerably lower, with Sunny Enclave showing a depreciation of 12.75%.

As of Mar 2026, different property types in North Mullanpur exhibit varied pricing. Apartments are priced at an average of ₹8,308 per sq ft, showing a 2.29% appreciation. Villas are priced higher at ₹22,731 per sq ft, with an 8.84% appreciation. Commercial properties like showrooms are listed at ₹19,985 per sq ft (up 3.53%), and shops are the most expensive at ₹36,806 per sq ft, marking a significant 17.18% appreciation.

As of Mar 2026, Ready To Move properties in North Mullanpur are priced at an average of ₹8,570 per sq ft, which has seen a slight depreciation of 3.01%. Properties in the Early Stage are priced at ₹8,269 per sq ft with a 9.58% appreciation, Mid Stage at ₹9,608 per sq ft with an 8.39% appreciation, and Advanced Stage at ₹9,920 per sq ft with a 6.76% appreciation. This indicates that under-construction properties, particularly in advanced and mid stages, command a premium over Ready To Move inventory.

As of Mar 2026, GMADA Eco City leads in listing rates in North Mullanpur at ₹16,390 per sq ft, showing no change. Omaxe Celestia Royal is listed at ₹9,920 per sq ft with a 6.76% appreciation, followed by Omaxe Lake at ₹9,608 per sq ft (up 8.39%). Other projects like Omaxe Cassia (₹8,773 per sq ft, up 3.61%) and Omaxe New Chandigarh (₹8,348 per sq ft, up 3.53%) also feature high listing rates, indicating premium positioning within the micromarket.

The average rental rate in North Mullanpur is ₹18 per sq ft as of Mar 2026. The calculated rental yield for the area is 2.60%. A rental yield of 2.60% suggests that property owners can expect an annual rental income equivalent to 2.60% of their property's capital value, which is a moderate return for investors looking for rental income alongside potential capital appreciation.

In North Mullanpur, rental rates vary significantly by BHK configuration as of Mar 2026. A 1 BHK apartment averages ₹16,000 per month, while a 2 BHK commands ₹17,265 per month. Larger configurations see a substantial increase, with 3 BHK apartments averaging ₹28,764 per month and 4 BHK apartments reaching ₹35,442 per month. This pattern indicates a strong demand for larger family homes and higher rental income potential for landlords offering such units.

As of Mar 2026, apartments in North Mullanpur have an average rental rate of ₹18 per sq ft. Villas are also available for rent, with an average rate of ₹15 per sq ft, showing a 15.38% appreciation. This suggests that while apartments are more common for rentals, villas offer a different rental segment with a notable positive trend in their rental values.

As of Mar 2026, Omaxe Ambrosia leads in rental rates in North Mullanpur at ₹19 per sq ft, with no change reported. Ambika Florence Park and Omaxe Lake are both listed at ₹18 per sq ft. The Address Mullanpur also has listings at ₹18 per sq ft, though it has seen a 14.29% depreciation. Other projects like Manohar Singh Palm Residency, Omaxe Silver Birch, and Omaxe New Chandigarh are available at ₹18 per sq ft and ₹16 per sq ft respectively, with some experiencing rental rate depreciation.

Rental rates in North Mullanpur average ₹18 per sq ft as of Mar 2026. This is significantly lower than prime areas like Sector 36, where rents are ₹39 per sq ft, and Sector 38, which averages ₹27 per sq ft and has seen a substantial 35% appreciation. Other nearby areas like Sector 33 are at ₹33 per sq ft, and Sector 44 at ₹24 per sq ft. New Chandigarh offers rentals at ₹15 per sq ft, similar to villas in North Mullanpur.

The Government Registration Rate for North Mullanpur is listed as ₹0 per sq ft as of Mar 2026. This indicates that, based on the available data, there is no recorded government benchmark rate for property registration in this locality. Buyers should be aware that actual transaction costs may differ and depend on the specific property and prevailing government guidelines.