Property Rates in North Mullanpur, Chandigarh 2026
Property rates in North Mullanpur average ₹8,300 per sq ft. The market has shown a notable upward trajectory in recent quarters, climbing from ₹7,600 in late 2025 to its current level. This growth is supported by a diverse array of residential projects, with premium villas reaching up to ₹24,450 per sq ft. Investors are finding consistent value, bolstered by a solid rental yield of 2.60% across various apartment configurations.
Insights for North Mullanpur, Chandigarh Real Estate Market Overview
North Mullanpur is currently positioned as a dynamic residential hub in the Chandigarh region, characterized by steady price appreciation and a wide spectrum of property offerings. The market has moved from a base of ₹7,600 per sq ft in September 2025 to its current average of ₹8,300, reflecting sustained buyer interest. Rental demand is equally active, with average rates at ₹18 per sq ft and a healthy rental yield of 2.60%. The supply landscape is well-balanced, featuring ready-to-move units alongside projects in various stages of development to suit different investment timelines.
Property prices have seen a consistent quarterly increase, rising from ₹7,600 in September 2025 to ₹8,300 by March 2026.
The apartment segment remains a key focus, with current average pricing at ₹8,200 per sq ft.
Rental rates for 4 BHK apartments average ₹37,500 per month, indicating strong demand for larger residential spaces.
Top-tier projects like Omaxe Celestia Royal and Omaxe Lake are commanding premium rates of ₹9,900 and ₹9,600 per sq ft respectively.
Commercial interest is robust, with shop spaces currently averaging ₹36,800 per sq ft, marking a 17.18% increase.
Market Strengths
Steady quarterly price growth from ₹7,600 to ₹8,300 per sq ft indicates a healthy, appreciating market.
Commercial shop spaces are seeing significant demand, growing by 17.18% over the last year.
Diverse inventory ranging from affordable apartments to luxury villas ensures a wide appeal for various buyer profiles.
High-end residential projects like Omaxe Celestia Royal and Omaxe Lake maintain strong value at nearly ₹10,000 per sq ft.
Rental income is well-segmented, with options ranging from ₹14,000 for 1 BHK to ₹37,500 for 4 BHK units.
Market Challenges
Ready-to-move property prices saw a decline of -3.01% in the recent period.
Apartment rental rates for Omaxe Lake and The Address Mullanpur experienced decreases of -5.26% and -14.29% respectively.
The average rate for apartments in the general market saw a marginal change of -1.32%.
Investment Opportunities
Residential rental yield is stable at 2.60%, providing a reliable income stream for apartment owners.
The shop segment has demonstrated strong growth, with a 17.18% increase, making it a lucrative commercial investment.
Early-stage projects are priced at ₹8,250 per sq ft, offering potential for future capital gains as development progresses.
4 BHK apartments generate the highest rental income, averaging ₹37,500 per month.
Top Localities in North Mullanpur, Chandigarh
North Kharar
Avg Price₹ 5,350 /Sq.Ft.
LISTINGS
232
New Chandigarh
Avg Price₹ 9,850 /Sq.Ft.
Avg Rent₹ 15 /Sq.Ft.
YIELD
+ 1.83
LISTINGS
76
Central Kharar
Avg Price₹ 4,200 /Sq.Ft.
LISTINGS
7
South Kharar
Avg Price₹ 4,950 /Sq.Ft.
LISTINGS
1
Price Trend
North Mullanpur, Chandigarh Property Price Trends and Appreciation
The market in North Mullanpur has experienced a steady climb in valuations over the past year. After hovering at ₹7,600 per sq ft in September 2025, prices moved to ₹8,100 by the end of the year. This upward momentum continued into 2026, reaching a peak of ₹8,300 per sq ft in the March quarter.
North Mullanpur stands as a key residential destination when compared to broader regional trends. While premium sectors like Sector 38 command significantly higher rates at ₹36,900 per sq ft, North Mullanpur remains an accessible and value-driven choice for home buyers. Nearby Mohali Sector 126 is currently averaging ₹9,550 per sq ft, highlighting the competitive pricing advantage held by the North Mullanpur locality.
North Mullanpur offers a varied real estate landscape that spans both residential and high-growth commercial segments. Shops lead the market in value, priced at ₹36,800 per sq ft with a significant 17.18% increase. Residential options are equally distinct, with villas averaging ₹24,450 per sq ft, while apartments remain a popular choice for many, priced at a more accessible ₹8,200 per sq ft.
The supply in North Mullanpur covers every stage of development, allowing buyers to choose based on their move-in timelines. Ready-to-move units, which account for 10 listings, are priced at ₹8,550 per sq ft. Meanwhile, projects in the early stages of construction are available at ₹8,250 per sq ft, providing an entry point for long-term investors looking for capital appreciation.
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 residential projects define the aspirational character of North Mullanpur. GMADA Eco City leads the listing rates at ₹16,400 per sq ft, followed closely by Omaxe Celestia Royal at ₹9,900 per sq ft. Omaxe Lake and Omaxe Cassia also remain prominent, offering high-quality living spaces at ₹9,600 and ₹8,750 per sq ft respectively, reflecting the strong demand for these established developments.
Omaxe Ambrosia leads the rental market with a rate of ₹19 per sq ft. Other prominent projects such as Ambika Florence Park, Omaxe Lake, and The Address Mullanpur are all sustaining rental rates around ₹18 per sq ft, highlighting the consistent appeal of these developments to tenants.
Rental Trends
Rental Trends and Average Rent in North Mullanpur, Chandigarh
Rental demand is robust across all unit sizes, with 1 BHK apartments averaging ₹14,000 per month. Those seeking more space can opt for 2 BHK units at ₹18,850 or 3 BHK apartments at ₹30,550 per month. Large-family requirements are met by 4 BHK units, which command an average monthly rent of ₹37,500. The rental landscape across neighboring sectors shows consistent demand. Mullanpur, South Mullanpur, and New Chandigarh all share an average rental rate of ₹50 per sq ft. Meanwhile, specific sectors like Sector 35 and Sector 37 have seen notable rental growth of 25% and 21.74% respectively. Both residential villas and apartments in the area are consistently priced for rent at ₹50 per sq ft. This uniform rate reflects the stable demand across different property types in the current market. Omaxe Ambrosia leads the rental market with a rate of ₹19 per sq ft. Other prominent projects such as Ambika Florence Park, Omaxe Lake, and The Address Mullanpur are all sustaining rental rates around ₹18 per sq ft, highlighting the consistent appeal of these developments to tenants.
Rental demand is robust across all unit sizes, with 1 BHK apartments averaging ₹14,000 per month. Those seeking more space can opt for 2 BHK units at ₹18,850 or 3 BHK apartments at ₹30,550 per month. Large-family requirements are met by 4 BHK units, which command an average monthly rent of ₹37,500.
The rental landscape across neighboring sectors shows consistent demand. Mullanpur, South Mullanpur, and New Chandigarh all share an average rental rate of ₹50 per sq ft. Meanwhile, specific sectors like Sector 35 and Sector 37 have seen notable rental growth of 25% and 21.74% respectively.
Both residential villas and apartments in the area are consistently priced for rent at ₹50 per sq ft. This uniform rate reflects the stable demand across different property types in the current market.
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 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 demand for residential properties in this locality.
How have property prices in North Mullanpur trended recently?
Property prices in North Mullanpur have shown a fluctuating trajectory over the past year. After reaching ₹7,600 per sq ft in September 2025, the location rate rose to ₹8,100 per sq ft by December 2025, peaked at ₹8,300 per sq ft in March 2026, and moderated slightly to ₹8,200 per sq ft as of June 2026. This trend suggests a period of price discovery as the market balances supply and buyer interest.
How do property prices vary by property type in North Mullanpur?
As of June 2026, property prices in North Mullanpur vary significantly by type: shops command the highest average price at ₹36,800 per sq ft (up 17.18%), followed by villas at ₹24,450 per sq ft (up 7.62%), showrooms at ₹20,000 per sq ft (up 3.53%), and apartments at ₹8,200 per sq ft (which depreciated by 1.32% compared to the previous period). Investors should note that while commercial assets like shops have seen strong appreciation, apartment pricing has remained relatively soft.
What is the rental yield in North Mullanpur and what does it signify for investors?
The rental yield in North Mullanpur is currently 2.60% as of June 2026, with an average rental rate of ₹18 per sq ft. A rental yield of 2.60% provides investors with a baseline for annual income relative to the capital investment required for property acquisition in the area. Since the rental rate has remained stable with 0% change over the observed period, this yield reflects a consistent, albeit modest, income stream for property owners.
What is the BHK-wise rental pattern in North Mullanpur?
As of June 2026, the monthly rental rates in North Mullanpur are structured by unit size: 1 BHK apartments average ₹14,000 per month, 2 BHK units average ₹18,850 per month, 3 BHK units average ₹30,550 per month, and 4 BHK units average ₹37,500 per month. This tiered pricing allows tenants to choose options based on their space requirements, while investors can use these figures to estimate potential monthly cash flow based on the unit configuration of their assets.
Which projects in North Mullanpur currently command the highest rental rates?
As of June 2026, the top projects by rental rate in North Mullanpur include Omaxe Ambrosia at ₹19 per sq ft, followed by Ambika Florence Park, Omaxe Lake, The Address Mullanpur, and Manohar Singh Palm Residency, all averaging ₹18 per sq ft. It is worth noting that while Omaxe Lake and The Address Mullanpur saw rental depreciations of 5.26% and 14.29% respectively, other top projects like Omaxe Ambrosia and Manohar Singh Palm Residency maintained stable rental rates with 0% change over the period.
How do property prices in North Mullanpur compare to nearby areas?
Property rates in the vicinity of North Mullanpur show a wide range as of June 2026. While North Mullanpur averages ₹8,300 per sq ft, nearby areas like Mohali Sector 125 command a significantly higher average of ₹12,200 per sq ft (up 8.29%), and Sector 38 reaches ₹36,900 per sq ft (up 6.01%). Conversely, more affordable options exist in Mohali Sector 127 at ₹4,900 per sq ft (up 0.43%) and Mohali Sector 115 at ₹5,050 per sq ft (up 5.8%), offering diverse entry points for different budget profiles.
How does the project status affect property prices in North Mullanpur?
As of June 2026, property prices in North Mullanpur are influenced by the stage of construction. Ready To Move properties average ₹8,550 per sq ft (depreciated by 3.01%), while under-construction projects vary: 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%). The premium on advanced-stage properties often reflects the reduced risk and immediate availability compared to early-stage developments.
Which are the top projects in North Mullanpur by listing rates?
As of June 2026, the top projects by listing rates in North Mullanpur include GMADA Eco City at ₹16,400 per sq ft (stable at 0% change), 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 the varying appreciation rates reflect the specific demand and development progress associated with each individual project.
How should a potential buyer interpret the data on this page?
Potential buyers should use this data to benchmark current market valuations against their investment goals. By examining the average asking price of ₹8,300 per sq ft as of June 2026 and comparing it with the price trends and property-type specific rates, buyers can identify whether they are paying a premium for specific statuses like 'Ready To Move' or if they can find better value in under-construction projects. Always consider the appreciation or depreciation percentages provided to understand the recent momentum of a specific project or locality before making a final decision.
