Mohali
Sector 116 in Mohali presents a compelling real estate landscape characterized by steady price appreciation and a diverse rental ecosystem. While property rates have fluctuated over the past year, the current average of ₹4,850 per sq ft reflects a market finding its footing after seasonal adjustments. The rental market is particularly consistent, with multiple neighboring sectors sustaining an average rental rate of ₹50 per sq ft. This consistency provides a predictable environment for both short-term tenants and long-term asset holders.
As of June 2026, the average asking price in Sector 116 is ₹4,850 per sq ft. This figure represents a depreciation of 6.43% compared to previous reporting periods, reflecting current market adjustments in this locality.
Property rates in Sector 116 have shown a fluctuating trajectory, with the location rate recorded at ₹4,900 per sq ft as of June 2026, up from ₹4,850 per sq ft in March 2026. This recent movement indicates a slight recovery in pricing following the dip observed between December 2025 and March 2026, where rates moved from ₹5,200 per sq ft down to ₹4,850 per sq ft.
Property prices in Sector 116, currently averaging ₹4,850 per sq ft, are positioned lower than many surrounding sectors in Mohali. For instance, Sector 117 shows an average rate of ₹5,150 per sq ft, which has appreciated by 1.6% recently. Other nearby areas like Sector 98 command higher valuations at ₹7,900 per sq ft, while premium villa-dominated sectors like Sector 80 and Sector 79 see significantly higher rates, reaching ₹24,950 per sq ft and ₹26,900 per sq ft respectively.
As of June 2026, the average price for apartments in Sector 116 is ₹4,900 per sq ft. This segment has demonstrated resilience, showing an appreciation of 0.83% over the recent period, suggesting steady demand for residential apartment units within this specific locality.
Rental rates across various sectors in the vicinity of Sector 116, such as Sector 82, Sector 88, and Aerocity, currently hover around ₹50 per sq ft. While many of these areas have maintained stable rental pricing, Aerocity has experienced a depreciation of 10.53% in rental rates, whereas Sector 66 B has seen an appreciation of 4.76% as of June 2026.
Investors looking at areas near Sector 116 should note that while the average rental rate is consistent at ₹50 per sq ft across several neighbouring sectors, the growth trends vary significantly. For example, the 4.76% appreciation in Sector 66 B suggests a tightening rental market, whereas the 10.53% depreciation in Aerocity indicates a shift in supply or demand dynamics that investors should monitor closely when evaluating potential rental income.
