Mohali
The real estate landscape in Sector 115 exhibits a balanced mix of residential inventory, catering to a wide range of buyer budgets and preferences. While price movements have shown recent fluctuations, the sector remains a key residential hub within Mohali, supported by a healthy rental ecosystem. Investors and homeowners alike are evaluating the area for its accessibility and the consistent demand for residential units. The interplay between apartment and villa pricing suggests a market that is maturing, providing opportunities for both short-term rentals and long-term capital appreciation.
As of June 2026, the average asking price in Sector 115 is ₹3,500 per sq ft. This figure reflects a depreciation of 4.01% compared to the previous period, indicating a period of price adjustment in the local residential market.
Property prices in Sector 115 have shown a fluctuating trajectory, with the location rate rising to ₹4,050 per sq ft in June 2026 from ₹3,500 per sq ft in March 2026. This recent upward movement in the June 2026 quarter suggests a potential recovery in demand following the dip observed in the earlier part of the year.
Property rates in Sector 115, currently at ₹3,500 per sq ft, are positioned as a more accessible entry point compared to several surrounding areas. For context, as of June 2026, neighbouring areas like Sector 127 command ₹4,600 per sq ft (which appreciated by 5.15%), while premium locations such as Sector 89 reach as high as ₹28,900 per sq ft, reflecting a 10.21% appreciation.
As of June 2026, villas in Sector 115 command a significantly higher premium with an average price of ₹12,100 per sq ft, having appreciated by 21.89% over the observed period. In contrast, apartments are more competitively priced at ₹4,050 per sq ft, which also saw a notable appreciation of 16.16%, making them a more common choice for budget-conscious buyers in this locality.
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 baseline for individuals or small families evaluating the cost of living in the area compared to purchasing a property.
Rental rates across major Mohali micromarkets are currently quite uniform, with areas like Kharar Road, Sas Nagar, Mullanpur, and Sector 82 all averaging ₹50 per sq ft as of June 2026. Sector 66 B stands out slightly with an average rental rate of ₹50 per sq ft, which has appreciated by 4.76% compared to the previous period, signaling steady demand in that specific pocket.
