Mohali
Sector 116 presents a stable residential landscape in Mohali, with property values showing a consistent upward trend throughout 2026. Current market data indicates that apartment prices are holding steady at ₹5,000 per sq ft, reflecting a positive growth of 2.05% over the past year. Rental activity across the broader region remains uniform, with several key nearby sectors recording an average rental rate of ₹50 per sq ft. This balanced environment between capital appreciation and rental demand makes the area an attractive proposition for both long-term investors and those seeking immediate residential options.
As of Sep 2026, the average asking price in Sector 116 is ₹5,000 per sq ft. This rate has appreciated by 2.05% compared to the previous period, signaling a steady demand for residential apartments in this locality.
Property prices in Sector 116 have shown a fluctuating trajectory, moving from ₹5,200 per sq ft in Dec 2025 to ₹4,850 per sq ft in Mar 2026, before recovering to ₹4,900 per sq ft in Jun 2026 and reaching ₹5,000 per sq ft in Sep 2026. This recent upward trend from mid-2026 suggests a gradual strengthening of market confidence in the area.
Sector 116, with an average asking price of ₹5,000 per sq ft as of Sep 2026, is positioned as a more affordable option compared to many surrounding areas. For instance, Sector 77 commands a significantly higher average asking price of ₹12,150 per sq ft (which appreciated by 3.21%), while Sector 85 and Sector 66 are priced at ₹10,700 per sq ft and ₹10,400 per sq ft, respectively. These comparisons highlight that Sector 116 remains a competitive entry point for buyers looking for residential apartments in the broader Mohali region.
Rental rates across several nearby neighbourhoods in Mohali, such as Sector 82, Sector 88, Aerocity, and Kharar Road, currently hover around ₹50 per sq ft as of Sep 2026. While some areas like Sector 82 and Aerocity have seen rental rates depreciate by 7.41% and 51.11% respectively from the previous period, other locations like Sector 82 A and Kharar Road have maintained stable rental pricing with 0% change, reflecting a diverse rental market landscape in the vicinity.
Investors should note that while the average rental rate in surrounding localities like Sector 82 and Aerocity is ₹50 per sq ft as of Sep 2026, the rental market has experienced varied performance. For example, Aerocity saw a significant rental depreciation of 51.11% compared to the previous period, whereas Sector 82 A and Kharar Road remained stable with 0% change. This data suggests that rental income potential can vary significantly by specific micromarket, requiring investors to carefully evaluate local demand drivers alongside the prevailing rental rates.
The residential market in Sector 116 is currently dominated by apartments. As of Sep 2026, the average asking price for these apartments is ₹5,000 per sq ft, which reflects an appreciation of 2.05% over the observed period, indicating consistent interest from homebuyers looking for apartment-style living in this sector.
