Mohali
The real estate market in Sector 116 currently maintains a stable growth trajectory, with property rates showing consistent appreciation over recent quarters. Residential apartments remain the primary asset class, drawing significant interest from buyers looking for value-driven options in Mohali. Rental demand across the wider region is also robust, consistently averaging ₹50 per sq ft, which provides a reliable secondary income stream for property owners. Recent market data highlights the following trends:
As of Sep 2026, the average asking price in Sector 116 is ₹4,900 per sq ft. This rate has appreciated by 0.83% compared to the previous period, reflecting a steady market interest in residential apartments within this locality.
Property rates in Sector 116 showed a slight upward movement leading into mid-2026. Data indicates the average asking price reached ₹4,900 per sq ft in Jun 2026, up from ₹4,850 per sq ft in Mar 2026, and ₹5,200 per sq ft in Dec 2025. This fluctuation suggests a period of price adjustment as the market balances supply and demand dynamics.
Property rates in Sector 116, currently at ₹4,900 per sq ft, are positioned at a more accessible entry point compared to several nearby sectors. For instance, Sector 79 commands a significantly higher average rate of ₹28,800 per sq ft for villas, while Sector 85 and Sector 66 are priced at ₹10,600 per sq ft and ₹10,500 per sq ft, respectively. Other areas like Sector 117 and Sector 74 are priced at ₹5,600 per sq ft and ₹5,750 per sq ft, respectively, providing a broader range of options for property seekers in Mohali.
Apartments remain the primary residential offering in Sector 116, with an average asking price of ₹4,900 per sq ft as of Sep 2026. This segment has seen an appreciation of 0.83% over the observed period, indicating consistent demand for apartment-style living in this specific locality.
Rental rates across various Mohali neighbourhoods are currently hovering around ₹50 per sq ft. While many areas like Sector 82, Sector 88, and Sas Nagar have maintained stable rental rates with 0% change, Aerocity has seen a significant rental appreciation of 136.84% compared to the previous period. Sector 66 B has also experienced a modest rental growth of 4.76%, suggesting that while the base rent is uniform in many parts, specific high-growth corridors are attracting premium rental interest.
When evaluating rental potential in Mohali, it is useful to look at the consistency of rental rates, which currently stand at ₹50 per sq ft across most major sectors. Investors should note that while base rents are stable in areas like Sector 82 and Sector 88, the rapid appreciation in Aerocity highlights the importance of identifying emerging hubs. Comparing these rental figures against the capital investment required in different sectors helps in estimating potential long-term returns.
Buyers can use the property rates data to benchmark current asking prices against historical trends and neighbouring localities. By observing that the average asking price in Sector 116 is ₹4,900 per sq ft as of Sep 2026, a buyer can assess whether a specific property listing is priced competitively. Additionally, tracking the quarterly price movements helps in understanding whether the market is currently in a phase of appreciation or stability, allowing for more strategic timing of a purchase.
