Mohali
Sector 115 in Mohali has evolved into a dynamic residential hub, marked by a notable 16.16% increase in property values. The current average price of ₹4,050 per sq ft reflects a steady climb from earlier quarters, driven by consistent buyer interest and development activity. Rental demand is equally robust, with 1 BHK and 2 BHK units catering to a growing tenant base. This performance highlights the area's growing appeal compared to neighboring sectors within the Mohali real estate landscape.
As of September 2026, the average asking price in Sector 115 is ₹4,050 per sq ft. This figure reflects a significant market appreciation of 16.16% compared to previous periods, indicating robust demand for residential properties in this locality.
Property prices in Sector 115 have shown an upward trajectory throughout the first half of 2026. The average asking price rose from ₹3,500 per sq ft in March 2026 to ₹4,050 per sq ft by June 2026, signaling strong buyer interest and sustained growth in the local real estate market.
Property rates in Sector 115, currently at ₹4,050 per sq ft, are positioned as a competitive entry point compared to several nearby localities. For instance, Sector 126 commands a higher rate of ₹5,750 per sq ft (which has appreciated by 1.2%), while Kharar is priced at ₹5,400 per sq ft, reflecting a 10.69% appreciation. Conversely, areas like Sector 124 have seen a depreciation of 16.77%, bringing their rate to ₹7,150 per sq ft as of September 2026.
As of September 2026, there is a clear distinction in pricing based on property type in Sector 115. Apartments are currently available at an average price of ₹4,050 per sq ft, which has appreciated by 16.16%. In contrast, villas command a premium, priced at an average of ₹12,100 per sq ft, having experienced a substantial appreciation of 21.89%.
Rental rates in Sector 115 vary by unit size, catering to different tenant profiles. As of September 2026, a 1 BHK apartment typically rents for ₹15,750 per month, while a 2 BHK apartment commands an average monthly rent of ₹18,000. These rates provide clear benchmarks for both tenants looking for housing and investors evaluating potential rental income in the area.
Rental rates across various Mohali localities, including Kharar Road, Sas Nagar, Sector 88, Mullanpur, and Sector 82, currently stand at a uniform average of ₹50 per sq ft as of September 2026. This stability, indicated by a 0% change percentage across these regions, suggests a balanced rental market where supply and demand have remained consistent across these key micromarkets.
Buyers should view the current average asking price of ₹4,050 per sq ft as a baseline for negotiation and market comparison. With a 16.16% appreciation rate observed, the data suggests that Sector 115 is an active market. Investors and end-users should use these figures to track quarterly growth trends and compare them against the higher-priced premium sectors nearby to determine the best value for their specific budget.
