Property Rates in Sector 116, Mohali

Sector 116 in Mohali currently showcases an average asking price for properties at ₹5,178 per sq ft, making it an attractive proposition for buyers seeking value. Analyzing the price trends, the market experienced a dip to ₹4,741 per sq ft in September 2025, rebounding strongly to its current rate of ₹5,178 per sq ft by December 2025, after standing at ₹5,078 per sq ft in June 2025. This upward trajectory highlights a period of recovery and capital appreciation. When compared to adjacent areas, Sector 116 offers a significantly more affordable entry point than Sector 67 (₹9,475 per sq ft) or Sector 66-a (₹12,817 per sq ft), making it an accessible alternative. The market is predominantly characterized by apartments, which command the average price of ₹5,178 per sq ft and have registered a healthy 9.22% price change. The absence of recorded rental data, government registration details, and specific information on top projects or developers suggests an emerging or less formally tracked market, yet one with clear signs of growth in its primary residential segment. This indicates potential for investors and homebuyers looking for early entry into a developing locality.