Sector 115, Mohali, is currently experiencing a nuanced real estate market. The average asking price stands at ₹3,496 per sq ft, with apartments seeing a 4.01% dip in value. Looking ahead, price trends suggest a projected decrease in location rates from ₹4,572 per sq ft in June 2025 to ₹3,496 per sq ft by March 2026. Meanwhile, the rental sector shows promising activity, with 1 BHK apartments averaging ₹15,749 per month and 2 BHK apartments at ₹18,000 per month. Other nearby locations like Sector 127 and Kharar show varied rental rate performances, with Sector 127 at ₹21 per sq ft and Kharar at ₹12 per sq ft, both experiencing rental rate changes. Villas in Sector 115 are a strong performer, with an average price surge of 21.89%.
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The asking price trend for Sector 115, Mohali, indicates a projected softening in property values over the next year. From a high of ₹4,572 per sq ft in June 2025, prices are expected to decline to ₹3,496 per sq ft by March 2026. This downward trajectory suggests a potential shift in market dynamics or a correction phase.
In Sector 115, Mohali, property types exhibit distinct pricing and trends. Apartments are currently priced at ₹3,496 per sq ft, reflecting a 4.01% decrease. Villas, however, represent a strong growth segment, averaging ₹12,094 per sq ft with a notable 21.89% increase, indicating a premium appeal and rising demand for larger independent homes.
Sector 115 in Mohali is positioned with an average asking price of ₹3,496 per sq ft. Neighboring areas present a spectrum of property values; Sector 127 commands ₹4,575 per sq ft, while Kharar is priced at ₹4,864 per sq ft. Kharar Landran Road offers properties at ₹4,025 per sq ft, and Garden Colony stands at a higher ₹5,431 per sq ft. Sector 126 is notably higher at ₹5,659 per sq ft, and Sector 118 reaches ₹8,357 per sq ft, indicating varied investment landscapes across Mohali's localities.
In Sector 115, Mohali, the rental market shows consistent demand across different unit types. 1 BHK apartments, typically in residential buildings, are available for an average of ₹15,749 per month. The slightly larger 2 BHK apartments in residential buildings command a higher average rent of ₹18,000 per month.
Rental rates across Mohali show variation. Sector 127 averages ₹21 per sq ft with a 4.55% decrease, while Kharar is at ₹12 per sq ft, experiencing a significant 14.29% drop. Kharar Landran Road offers rentals at ₹20 per sq ft, and Sunny Enclave is at ₹21 per sq ft. Sector 77 commands ₹26 per sq ft, Mullanpur is at ₹13 per sq ft, and Sector 66 B is priced at ₹21 per sq ft.
As of March 2026, the average asking price in Sector 115, Mohali, is ₹3,496 per sq ft. This represents a depreciation of 4.01% from the previous period, indicating a slight cooling in property values. The market overview also shows 166 listings available in this locality.
Property rates in Sector 115, Mohali, have shown a downward trend over the past year. From June 2025 to March 2026, the average asking price decreased from ₹4,572 per sq ft to ₹3,496 per sq ft, marking a significant depreciation. This trajectory suggests a market correction or softening demand during this period.
Sector 115, Mohali, has an average asking price of ₹3,496 per sq ft as of March 2026, which is lower than several surrounding micromarkets. For instance, Sector 127 is priced at ₹4,575 per sq ft with a 5.15% appreciation, Kharar at ₹4,864 per sq ft with a 2.03% depreciation, and Garden Colony at ₹5,431 per sq ft. Sector 126 shows a significant appreciation of 27.03% to ₹5,659 per sq ft, indicating higher demand or premium positioning in these adjacent areas.
In Sector 115, Mohali, apartments are priced at an average of ₹3,496 per sq ft as of March 2026, showing a depreciation of 4.01%. Villas, on the other hand, command a significantly higher average price of ₹12,094 per sq ft, with a notable appreciation of 21.89%. This substantial price gap highlights the premium associated with villa properties in the area.
The average rental rate in Sector 115, Mohali, is ₹0 per sq ft, and the rental yield is marked as 'NA' in the data as of March 2026. While specific rental figures are not detailed for Sector 115 itself, the broader rental market in nearby micromarkets offers insights. For example, Sector 127 has an average rental rate of ₹21 per sq ft, depreciating by 4.55%, and Sunny Enclave is at ₹21 per sq ft with stable rates.
For residential apartments in Sector 115, Mohali, a 1 BHK unit typically rents for ₹15,749 per month as of March 2026. A 2 BHK apartment in the same locality is generally available for ₹18,000 per month. These figures provide a clear indication of the rental market for smaller to mid-sized family accommodations in the area.
Rental rates vary significantly across micromarkets near Sector 115, Mohali. As of March 2026, Sector 77 shows the highest average rental rate at ₹26 per sq ft, with stable pricing. Sunny Enclave and Sector 127 are both at ₹21 per sq ft, though Sector 127 has seen a 4.55% depreciation in rental rates. Kharar Landran Road is priced at ₹20 per sq ft with stable rates, while Kharar has the lowest average rental rate at ₹12 per sq ft, experiencing a notable 14.29% depreciation.
The recent trend of a 4.01% depreciation in average asking prices in Sector 115, Mohali, from June 2025 to March 2026, might suggest a more favorable environment for end-users looking to purchase. A depreciating market can offer better negotiation power for buyers. However, investors might consider the potential for future appreciation, especially if the current prices are seen as a dip before a recovery, though the lack of specific rental yield data for Sector 115 makes income-focused investment analysis challenging.
As of March 2026, the average asking price for apartments in Sector 115, Mohali, stands at ₹3,496 per sq ft. This reflects a depreciation of 4.01% compared to the previous period, indicating a softening in apartment prices within this locality.
In Sector 115, Mohali, villas are currently priced at an average of ₹12,094 per sq ft as of March 2026. This represents a significant appreciation of 21.89% from the previous period, highlighting a strong upward trend in villa property values within this area.
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