Mohali
The real estate landscape in Sector 115 is defined by accessible entry-level pricing for apartments, contrasting with a high-value villa segment that has seen notable growth. Recent market trends indicate a stabilization phase for apartment units, while the villa category has experienced a substantial appreciation of 21.89%. Rental demand remains steady, providing reliable monthly yields for property owners across various unit configurations. The surrounding locality dynamics show a wide spectrum of pricing, with nearby sectors like Sector 77 reaching significantly higher valuations. This diversity allows both first-time homebuyers and long-term investors to align their strategies with specific property types and budget expectations.
As of June 2026, the average asking price in Sector 115 is ₹3,500 per sq ft. This figure represents a depreciation of 4.01% when compared to the previous period, reflecting a market adjustment in this specific locality.
Property prices in Sector 115 have shown a downward trajectory over the last few quarters. The average asking price moved from ₹4,100 per sq ft in September 2025 to ₹3,650 per sq ft in December 2025, and further settled at ₹3,500 per sq ft by March 2026, indicating a period of price correction for buyers.
Property rates in Sector 115 are currently more accessible compared to several surrounding areas. While Sector 115 averages ₹3,500 per sq ft, neighbouring areas like Sector 127 command ₹4,600 per sq ft (which has appreciated by 5.15%), Kharar at ₹4,850 per sq ft (depreciated by 2.03%), and premium locations like Sector 77 reaching as high as ₹27,050 per sq ft for villas, which has seen a significant appreciation of 16.97%.
As of June 2026, there is a substantial price gap between property types in Sector 115. Apartments are available at an average price of ₹3,500 per sq ft, which has depreciated by 4.01% compared to the previous period, while villas command a premium average price of ₹12,100 per sq ft, having appreciated by 21.89% over the same timeframe.
Rentals in Sector 115 are structured based on unit size, with 1 BHK apartments averaging ₹15,750 per month and 2 BHK apartments averaging ₹18,000 per month as of June 2026. These figures provide a clear baseline for tenants looking for residential options in the area.
Rental rates across the broader Mohali region are relatively uniform, with many areas like Sector 127, Kharar, Sunny Enclave, and Sector 77 all reporting an average rental rate of ₹50 per sq ft as of June 2026. While some areas like Kharar have seen a rental depreciation of 14.29% and Sector 127 a depreciation of 4.55%, other locations such as Sunny Enclave and Sector 77 have maintained stable rental rates with 0% change, suggesting consistent demand in those specific pockets.
A buyer should view the current price trend in Sector 115 as a period of market consolidation. With the average asking price at ₹3,500 per sq ft as of June 2026, the 4.01% depreciation observed suggests that the market is currently offering more competitive entry points for end-users compared to the higher price levels seen in late 2025.
