Mohali
The real estate market in Phase 5 is characterized by a diverse range of pricing and residential options that cater to varying investment profiles. While premium sectors like Sector 77 reach higher price points, other surrounding areas offer more accessible entry levels, allowing for a balanced market ecosystem. Rental activity remains a significant component of the local economy, with consistent rates observed across several key sectors. This variety supports both long-term capital appreciation and immediate rental income potential for stakeholders.
As of Sep 2026, the average asking price in Phase 5 is ₹7,700 per sq ft. This rate has shown a consistent upward trajectory, appreciating by 0.65% from Jun 2026 to Sep 2026, which signals resilient demand and sustained interest in this micromarket.
The property price trend in Phase 5 has demonstrated steady growth throughout 2026. After recording no significant data in Dec 2025, the market entered 2026 with an average asking price of ₹7,100 per sq ft in Mar 2026, rising to ₹7,650 per sq ft by Jun 2026, and reaching ₹7,700 per sq ft by Sep 2026. This consistent quarter-over-quarter increase reflects a stable and maturing real estate environment in the area.
Property rates in Phase 5, currently at ₹7,700 per sq ft, sit in the mid-to-high range when compared to surrounding areas. For instance, Sector 77 commands a higher average asking price of ₹12,150 per sq ft, having appreciated by 3.21% over the recent period. Conversely, more affordable options are available in Kharar Road, where the average asking price is ₹4,300 per sq ft, a rate that has remained stable with 0% change. Sector 121 presents a different trend, with an average asking price of ₹8,050 per sq ft, which has seen a depreciation of 4.93%.
Rental rates across various neighbourhoods near Phase 5 are currently consistent at ₹50 per sq ft. While this rate is uniform across locations like Kharar Road, Sector 88, Sector 82, Mullanpur, and Sector 82 A, the performance varies; for example, rental rates in Sector 88 have depreciated by 10% and in Sector 82 by 7.41% over the recent period. Meanwhile, rental rates in Kharar Road, Mullanpur, and Sector 82 A have remained stable with 0% change, indicating a balanced supply-demand dynamic in these specific pockets.
The rental rate of ₹50 per sq ft observed across several localities near Phase 5 suggests a standardized rental market in this region. Investors should note that while some areas like Sector 88 and Sector 82 have seen a depreciation of 10% and 7.41% respectively, other regions such as Kharar Road and Mullanpur have maintained stable rental values with 0% change. This stability indicates that while there is consistent demand, landlords may be adjusting expectations in certain sectors to align with current market absorption levels.
