Mohali
The real estate market in Sector 116 currently presents a balanced environment for residential buyers, with average prices holding steady at ₹4,850 per sq ft. Recent quarterly trends indicate a recovery phase, moving from ₹4,750 in September 2025 to a peak of ₹5,200 in December, before settling at the current rate. Rental demand across surrounding areas like Aerocity and Sector 77 remains consistent at ₹50 per sq ft, providing a stable baseline for potential landlords. Developers continue to focus on creating value-driven residential projects to meet the demand of mid-segment buyers.
As of June 2026, the average asking price in Sector 116 is ₹4,850 per sq ft. This figure reflects a depreciation of 6.43% from December 2025 to March 2026, indicating a recent softening in market pricing for residential apartments in this area.
Property prices in Sector 116 have shown a fluctuating trajectory over the past year. The average asking price was ₹4,750 per sq ft in September 2025, rose to ₹5,200 per sq ft in December 2025, and subsequently adjusted to ₹4,850 per sq ft by March 2026. This trend highlights the importance of monitoring quarterly shifts when evaluating entry points for investment or home buying.
Property rates in Sector 116, which currently stand at ₹4,850 per sq ft, are significantly more accessible compared to several premium neighbouring sectors. For instance, Sector 80 and Sector 79 command much higher rates for villas, at ₹24,950 per sq ft and ₹26,900 per sq ft respectively. Meanwhile, Sector 66 offers apartments at ₹10,200 per sq ft, showing that Sector 116 remains a distinct, lower-entry-point option within the broader Mohali real estate landscape.
Rental rates in the vicinity of Sector 116 are currently consistent across several key sectors, with Sector 77 and Sector 66 B both recording an average rental rate of ₹50 per sq ft as of June 2026. These rates have remained stable, showing 0% change compared to the previous period. Other nearby areas like Aerocity and Sector 127 also feature an average rental rate of ₹50 per sq ft, though these have seen a depreciation of 9.52% and 4.55% respectively, reflecting a correction in rental demand in those specific pockets.
Investors looking at rental income in Mohali should note that while many areas like Sector 77 and Sector 66 B maintain a steady rental rate of ₹50 per sq ft with 0% change as of June 2026, other markets like Aerocity and Sector 127 have experienced rental depreciation. Specifically, Aerocity saw a 9.52% decrease and Sector 127 saw a 4.55% decrease compared to the previous period. This suggests that while rental demand is present, it is highly sensitive to the specific micro-location, and investors should prioritize areas with stable or appreciating rental trends to ensure consistent yields.
