Mohali
The real estate landscape in Sector 115 offers a balanced mix of residential choices, where apartment living meets the demand for larger villa configurations. Market rates have seen periodic fluctuations, providing potential buyers with diverse entry points into the Mohali property segment. Rental demand is currently anchored by 1 BHK and 2 BHK units, which provide steady yields for property owners. Recent data indicates that while some sectors in the vicinity command higher premiums, Sector 115 maintains its appeal through affordability and strategic growth potential.
As of June 2026, the average asking price in Sector 115 stands at ₹3,500 per sq ft. This figure reflects a depreciation of 4.01% compared to the previous period, indicating a recent market adjustment in the area.
Property prices in Sector 115 have shown a fluctuating trajectory, moving from ₹3,650 per sq ft in December 2025 to ₹3,500 per sq ft in March 2026, before rising to ₹4,050 per sq ft by June 2026. This recovery in the June 2026 quarter suggests a renewed interest from buyers following the temporary dip observed in the first quarter of the year.
Property rates in Sector 115, at ₹3,500 per sq ft, are generally more accessible compared to several surrounding localities. For instance, Sector 127 averages ₹4,600 per sq ft (an appreciation of 5.15%), while Kharar stands at ₹4,850 per sq ft (a depreciation of 2.03%). Higher-end segments like Sector 89 command significantly higher rates at ₹28,900 per sq ft, reflecting a 10.21% appreciation, which highlights the diverse pricing landscape across the Mohali region as of June 2026.
As of June 2026, villas in Sector 115 are priced at an average of ₹12,100 per sq ft, having seen a significant appreciation of 21.89% over the observed period. In contrast, apartments are more affordably priced at an average of ₹4,050 per sq ft, which also experienced a notable appreciation of 16.16%. This price gap reflects the premium nature of villa developments in the locality compared to the more standardized apartment inventory.
Tenants looking for rental options in Sector 115 can expect an average monthly rent of ₹15,750 for a 1 BHK apartment and ₹18,000 for a 2 BHK apartment as of June 2026. These rates provide a clear entry point for renters, with the marginal difference between 1 BHK and 2 BHK units suggesting a competitive market for smaller-sized residential configurations.
Rental rates across various Mohali localities show a high degree of stability, with many areas like Kharar Road, Sas Nagar, and Sector 88 maintaining an average rental rate of ₹50 per sq ft as of June 2026. While most of these areas have seen no change in rental rates, Sector 66 B stands out with an average of ₹50 per sq ft, reflecting a 4.76% appreciation. This consistency across the region suggests a balanced supply-demand environment for rental properties in the vicinity of Sector 115.
Potential buyers should view the current average asking price of ₹3,500 per sq ft as a baseline for negotiation, keeping in mind the 4.01% depreciation observed as of June 2026. By comparing this against the higher rates in neighboring sectors like Sector 126 or Sector 121, investors can identify whether they are paying a premium or finding value. Always consider the property type—villas versus apartments—as the price per sq ft varies significantly between these categories.
