Mohali
Sector 116 currently presents a stable entry point for residential investment, with an average asking rate of ₹4,850 per sq ft. Market trends over the past year have shown periodic movement, with prices fluctuating between ₹4,750 and ₹5,200 per sq ft across different quarters. The rental landscape in surrounding areas like Sector 77 and Aerocity remains consistent, with rates holding steady at ₹50 per sq ft. This consistency provides a predictable outlook for landlords and tenants alike.
The average asking price in Sector 116, Mohali, stands at ₹4,850 per sq ft as of March 2026. This figure reflects a depreciation of 6.43% when compared to the previous period, indicating a softening in the local residential apartment market.
Property rates in Sector 116, Mohali, have shown a fluctuating trajectory over the past year. As of March 2026, the location rate is ₹4,850 per sq ft, following a rate of ₹5,200 per sq ft in December 2025, ₹4,750 per sq ft in September 2025, and ₹5,100 per sq ft in June 2025. This movement suggests a volatile pricing environment that potential buyers should monitor closely before making investment decisions.
Property rates vary significantly across Mohali, with Sector 116 currently positioned at ₹4,850 per sq ft. In comparison, nearby areas show diverse pricing: Sector 117 is at ₹5,150 per sq ft (having appreciated by 1.6% from the previous period), Sector 98 is at ₹7,900 per sq ft (up by 0.05%), and premium villa-heavy areas like Sector 80 and Sector 79 command much higher rates at ₹24,950 per sq ft and ₹26,900 per sq ft, respectively. These differences highlight the premium placed on specific sectors based on their development status and property types.
Rental rates in the vicinity of Sector 116, Mohali, are generally consistent across several key sectors, with many areas recording an average rental rate of ₹50 per sq ft as of March 2026. Specifically, Sector 77 and Sector 66 B have maintained stable rental rates with 0% change, while Aerocity has seen a depreciation of 9.52% and Sector 127 has seen a depreciation of 4.55% compared to the previous period. These figures provide a benchmark for tenants and landlords looking at the broader Mohali rental landscape.
Investors should note that while many areas like Sector 77 and Sector 66 B have maintained a stable rental rate of ₹50 per sq ft with 0% change, other pockets like Aerocity and Sector 127 have experienced rental depreciation of 9.52% and 4.55% respectively, as of March 2026. Stability in rental rates often suggests a balanced supply-demand dynamic, whereas depreciation may indicate an increase in available rental inventory or a temporary cooling in tenant demand. Understanding these micro-market variations is essential for evaluating the long-term income potential of a property in the region.
The residential market in Sector 116, Mohali, is primarily composed of apartments. As of March 2026, the average asking price for these apartments is ₹4,850 per sq ft, which reflects a depreciation of 6.43% compared to the previous period.
