Mohali
The property market in Sector 116 demonstrates a nuanced landscape where pricing trends have shifted between ₹4,750 and ₹5,200 per sq ft over the past year. While the current asking price sits at ₹4,850 per sq ft, the broader regional context shows significant variance in property values across Mohali's diverse sectors. Rental activity remains stable across the wider region, with multiple key areas maintaining a consistent rental rate of ₹50 per sq ft. This stability provides a predictable baseline for those looking to balance capital appreciation with steady rental income.
As of June 2026, the average asking price in Sector 116 is ₹4,850 per sq ft. This figure reflects a market depreciation of 6.43% compared to the previous period, indicating a period of price adjustment in the local residential apartment segment.
Property prices in Sector 116 have shown a fluctuating trajectory throughout the recent quarters. As of June 2026, the location rate stands at ₹4,900 per sq ft, rising from ₹4,850 per sq ft in March 2026 and ₹5,200 per sq ft in December 2025, following a dip to ₹4,750 per sq ft in September 2025. This volatility suggests a dynamic market where buyer interest and inventory availability continue to influence price discovery.
Property rates in Sector 116 are significantly more accessible compared to several established neighbouring sectors. For instance, Sector 117 currently averages ₹5,150 per sq ft, having appreciated by 1.6% recently, while premium areas like Sector 80 and Sector 79 command much higher rates of ₹24,950 per sq ft and ₹26,900 per sq ft respectively. These premium sectors have seen appreciation of 5.14% and 3.46% respectively, highlighting a clear price segmentation between the more affordable residential pockets and luxury villa-dominated neighbourhoods in the region.
Apartments in Sector 116 are currently priced at an average of ₹4,900 per sq ft as of June 2026. This segment has demonstrated resilience, recording an appreciation of 0.83% compared to the previous assessment period, which signals steady demand for apartment-style living in this specific locality.
Rental rates across the broader Mohali region are currently quite uniform, with many areas like Sector 82, Sector 82 A, Sas Nagar, and Kharar Road maintaining an average rental rate of ₹50 per sq ft as of June 2026. While these areas have seen stable rental pricing, Sector 66 B has experienced an appreciation of 4.76% in its rental rates. Conversely, Aerocity has seen a rental depreciation of 10.53% over the same period, suggesting that while the baseline rent is consistent across many hubs, specific micro-markets are experiencing localized shifts in tenant demand.
Investors looking at the rental market near Sector 116 will find a consistent average rental rate of ₹50 per sq ft across several key hubs like Sector 82 and Sas Nagar as of June 2026. While many of these areas have maintained stable rental pricing with 0% change, the variation in rental performance—such as the 4.76% appreciation in Sector 66 B versus the 10.53% depreciation in Aerocity—highlights the importance of selecting specific sectors based on local tenant demand rather than assuming uniform growth across the entire region.
