Chandigarh
North Mullanpur is evolving into a key residential hub in Chandigarh, characterized by a steady increase in capital values and a diverse range of property options. The market currently balances a mix of ready-to-move projects and emerging developments, with rental yields providing a stable income stream for property owners. Commercial interest is also rising, as evidenced by the strong demand for shops and showrooms in the locality. Recent trends indicate that buyers are increasingly prioritizing projects that offer a blend of modern amenities and strategic connectivity.
The average asking price in North Mullanpur is ₹8,300 per sq ft as of June 2026. This figure reflects a market that has appreciated by 2.29% compared to previous periods, indicating steady interest and demand within this residential locality.
Property rates in North Mullanpur have shown a dynamic trajectory, moving from ₹7,600 per sq ft in September 2025 to ₹8,100 in December 2025, reaching ₹8,300 in March 2026, and settling at ₹8,200 per sq ft in June 2026. This trend highlights a period of significant growth followed by a minor adjustment, providing potential buyers with a clearer picture of the current valuation landscape.
Property prices in North Mullanpur vary significantly by type as of June 2026: shops are priced at ₹36,800 per sq ft (appreciating by 17.18%), villas at ₹24,450 per sq ft (appreciating by 7.62%), showrooms at ₹20,000 per sq ft (appreciating by 3.53%), and apartments at ₹8,200 per sq ft (depreciating by 1.32%). These variations allow investors to choose segments based on their specific budget and asset class preferences.
The rental yield in North Mullanpur stands at 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 capital value, 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 a 1 BHK, ₹18,850 for a 2 BHK, ₹30,550 for a 3 BHK, and ₹37,500 for a 4 BHK. This tiered structure provides tenants with options ranging from compact living spaces to larger family homes, reflecting the diverse housing inventory available in the locality.
As of June 2026, top projects by rental rates include Omaxe Ambrosia at ₹19 per sq ft (stable at 0% change), followed by Manohar Singh Palm Residency, Ambika Florence Park, and Omaxe Lake, all at ₹18 per sq ft (stable at 0% change). These projects represent the premium segment of the rental market, often attracting tenants seeking established amenities and well-maintained environments.
As of June 2026, Ready To Move properties in North Mullanpur are priced at ₹8,550 per sq ft, having depreciated by 3.01%. In contrast, projects in the Early Stage are priced at ₹8,250 per sq ft (appreciating by 9.58%), Mid Stage at ₹9,600 per sq ft (appreciating by 8.39%), and Advanced Stage at ₹9,900 per sq ft (appreciating by 6.76%), suggesting that buyers are currently paying a premium for projects nearing completion.
Buyers can use price comparisons to identify value; for instance, while North Mullanpur averages ₹8,300 per sq ft, nearby Mohali Sector 125 commands ₹12,200 per sq ft (appreciating by 8.29%), and Mohali Sector 127 is priced at ₹4,900 per sq ft (appreciating by 0.43%). These differences help investors determine whether they are paying a premium for specific infrastructure or finding a more affordable entry point in the broader region.
