Mohali
Sector 115 in Mohali currently operates as a competitive residential market, marked by an average asking price of ₹3,500 per sq ft for apartments. Recent price movements indicate a period of consolidation, with the market adjusting from higher levels recorded in mid-2025 to current accessible entry points. The rental landscape remains active, supported by consistent demand for both 1 BHK and 2 BHK configurations, which offer reliable returns for property owners. While apartment pricing has seen a -4.01% change, the broader regional ecosystem continues to influence local property values through infrastructure and connectivity developments.
As of March 2026, the average asking price in Sector 115 is ₹3,500 per sq ft. This figure represents a depreciation of 4.01% compared to previous periods, reflecting a market correction in the area. Buyers and investors should note that this price point specifically applies to residential apartments, which currently dominate the local listing landscape.
Property prices in Sector 115 have shown a downward trajectory over the recent quarters, moving from ₹4,550 per sq ft in June 2025 to ₹3,500 per sq ft as of March 2026. This consistent decline across the last three quarters suggests a softening in demand or an increase in available supply. For potential buyers, this trend indicates a period of price adjustment that may offer more competitive entry points compared to the mid-2025 market peak.
Property prices in Sector 115, currently at ₹3,500 per sq ft, are positioned at the more accessible end of the spectrum compared to several nearby areas. For instance, Sector 127 commands an average asking price of ₹4,600 per sq ft, having appreciated by 5.15%, while Sector 126 has seen a significant appreciation of 27.03% to reach ₹5,650 per sq ft. Other premium areas like Sector 77 reach as high as ₹27,050 per sq ft for villas, highlighting that Sector 115 remains a budget-friendly alternative for those looking for residential apartments in the broader Mohali region.
As of March 2026, there is a distinct price gap between property types in Sector 115, with apartments averaging ₹3,500 per sq ft and villas averaging ₹12,100 per sq ft. While apartment prices have seen a depreciation of 4.01% from previous periods, villa prices have demonstrated strong growth, appreciating by 21.89%. This divergence suggests that while the entry-level apartment market is undergoing a correction, the premium villa segment is experiencing robust demand and value appreciation.
In Sector 115, tenants can expect to pay an average of ₹15,750 per month for a 1 BHK apartment and ₹18,000 per month for a 2 BHK apartment as of March 2026. These rental rates provide a clear baseline for individuals seeking residential accommodation in the area. The relatively narrow gap between 1 BHK and 2 BHK rents suggests that larger units offer better value for tenants, while landlords may find 2 BHK units more attractive for consistent rental income.
Rental rates across various Mohali neighbourhoods, including Kharar, Sunny Enclave, and Sector 77, currently hover around ₹50 per sq ft as of March 2026. While many of these areas have seen stable rental performance with 0% change, some locations like Kharar have experienced a depreciation of 14.29%, and Sector 127 has seen a 4.55% depreciation. This consistency in rental pricing across the region suggests a stabilized rental market, providing tenants with predictable costs when choosing between different localities in Mohali.
A buyer should view the current average asking price of ₹3,500 per sq ft in Sector 115 as a signal of a cooling market, especially given the 4.01% depreciation observed as of March 2026. When using this data, it is important to cross-reference the price with the specific property type, as the villa segment is performing differently than the apartment segment. By tracking the quarterly decline from ₹4,550 per sq ft in June 2025, buyers can identify whether the current price aligns with their long-term investment goals or if they should wait for further market stabilization.
