Property Rates in Sector 116, Mohali

As of March 2026, Sector 116, Mohali has an average asking price of ₹4,845 per sq ft. This is lower than several surrounding micromarkets, such as Sector 67 which stands at ₹9,475 per sq ft, and Sector 66-a at ₹12,817 per sq ft. However, it is higher than Sector 117, which has an average rate of ₹5,158 per sq ft. Notably, Sector 79 has seen a significant appreciation of 24.83% to reach ₹9,606 per sq ft.

The property rates in Sector 116, Mohali have shown some fluctuation over the past year. From June 2025 to March 2026, the location rate decreased from ₹5,078 per sq ft to ₹4,845 per sq ft, marking a depreciation. The trend indicates a dip in the average asking price from Q2 2025 through Q1 2026, with a notable decrease observed between December 2025 and March 2026.

As of March 2026, the primary property type data available for Sector 116, Mohali indicates that apartments are priced at an average of ₹4,845 per sq ft. This rate has seen a decrease of 6.43% since December 2025. While data for other property types is not detailed here, this figure reflects the current market positioning for apartments in the locality.

As of March 2026, rental rates in micromarkets surrounding Sector 116, Mohali show variation. Sector 77 offers the highest average rental rate at ₹26 per sq ft, with no change reported. Aerocity has seen a depreciation of 9.52%, bringing its average rental rate to ₹19 per sq ft, while Sector 127's average rental rate is ₹21 per sq ft, down by 4.55%. Sunny Enclave and Sector 66 B both have an average rental rate of ₹21 per sq ft, with no reported change.

The provided data indicates that the average rental yield for Sector 116, Mohali is 'NA' (Not Available). Without specific rental yield figures, it is challenging to directly assess the income-generating potential for property investors in this area relative to capital appreciation. Typically, a higher rental yield suggests better rental income returns compared to the property's capital value.

Specific BHK-wise rental statistics for Sector 116, Mohali are not detailed in the provided data. However, looking at nearby micromarkets, rental rates can vary significantly based on configuration. For instance, while Sector 77 commands ₹26 per sq ft, Aerocity is at ₹19 per sq ft, and Sector 127 is at ₹21 per sq ft. Understanding the typical rent for 1 BHK, 2 BHK, or larger apartments in these specific micromarkets would provide a clearer picture of rental demand and pricing.

As of March 2026, the average asking price in Sector 116, Mohali is ₹4,845 per sq ft. The provided data indicates that the Government Registration Rate for this locality is ₹0 per sq ft. This suggests that the stated registration rate in the data might be a placeholder or not applicable, and buyers should verify the actual stamp duty and registration charges applicable for property transactions in this area.

As of March 2026, the average asking price in Sector 116, Mohali is ₹4,845 per sq ft. This figure is lower than the average asking price of ₹7,116 per sq ft reported for the broader micromarket average in the same period. The city-level data, however, shows a decrease of 6.43% in the average asking price for Sector 116 from December 2025 to March 2026.

Among the micromarkets near Sector 116, Mohali, Sector 79 has shown a remarkable appreciation of 24.83% in its average property rate, reaching ₹9,606 per sq ft as of March 2026. Other micromarkets like Sector 117 have seen a more modest increase of 1.6% to ₹5,158 per sq ft. Many other surrounding areas, including Sector 67, Sector 80, Sector 65, Sector 78, and Sector 70, have maintained stable rates with a 0% change percentage.

The depreciation of 6.43% in the average asking price in Sector 116, Mohali from December 2025 to March 2026, bringing the rate down to ₹4,845 per sq ft, could present an opportunity for buyers. This downward trend might indicate a buyer's market or a period of price correction, potentially allowing for negotiation or securing properties at a lower cost compared to previous periods.

The provided data does not list specific top projects by transactions or value for Sector 116, Mohali. Therefore, it is not possible to identify which projects are leading in sales volume or commanding the highest property values within this locality based on the current dataset.

The provided data does not include information on top developers by transactions or value for Sector 116, Mohali. Consequently, we cannot identify the most active developers or those with the highest transaction values in this specific locality from the given dataset.

As of March 2026, Aerocity has an average rental rate of ₹19 per sq ft, which has depreciated by 9.52%. In contrast, Sector 77, a nearby micromarket, has a higher average rental rate of ₹26 per sq ft with no reported change. This difference could be attributed to factors such as Aerocity's recent price adjustments, potentially indicating increased supply or a market correction, while Sector 77 may maintain premium rental pricing due to established demand or better amenities.