Mohali
Sector 116 continues to evolve as a key residential hub in Mohali, with property values showing a positive trajectory over the past several quarters. Investors are currently looking at a stable entry point, as the market maintains a focus on apartment-style living that appeals to a wide range of occupants. Rental activity across the broader Mohali region, including areas like Aerocity and Kharar Road, consistently reflects an average rental rate of ₹50 per sq ft. This stability in leasing suggests a balanced demand-supply dynamic that supports long-term holding.
The average asking price in Sector 116, Mohali, is ₹4,900 per sq ft as of June 2026. This rate has appreciated by 0.83% from March 2026 to June 2026, reflecting a stable and positive movement in the local residential market.
Property rates in Sector 116, Mohali, have shown a consistent upward trajectory over the recent quarters. As of June 2026, the rate stands at ₹4,900 per sq ft, rising from ₹4,850 per sq ft in March 2026, ₹5,200 per sq ft in December 2025, and ₹4,750 per sq ft in September 2025. This fluctuation indicates a resilient market that has recovered from the dip observed in late 2025.
Property rates in Sector 116, Mohali, are relatively accessible compared to several surrounding areas. For instance, Sector 79 commands a significantly higher average asking price of ₹28,800 per sq ft for villas, which has appreciated by 7.08% over the relevant period. Other nearby sectors like Sector 77 at ₹11,750 per sq ft and Sector 85 at ₹10,600 per sq ft also sit at a higher price point than the ₹4,900 per sq ft seen in Sector 116, highlighting the competitive entry-level pricing available in this specific locality.
The average rental rate across several key neighbourhoods near Sector 116, Mohali, is currently ₹50 per sq ft as of June 2026. This rental rate is consistent across areas such as Sector 82, Sector 88, and Aerocity. Notably, while many areas have seen stable rental pricing, Aerocity has experienced a significant appreciation of 136.84% in rental rates compared to the previous period, and Sector 66 B has seen a 4.76% appreciation, indicating growing demand for rental properties in these specific pockets.
Investors looking at the Mohali region should note that while the average rental rate in many established sectors like Sector 82, Sector 88, and Sas Nagar is holding steady at ₹50 per sq ft as of June 2026, there is significant growth potential in high-demand areas. The 136.84% appreciation in rental rates in Aerocity from the previous period suggests a rapid increase in tenant interest, which may offer better income potential compared to areas with stagnant rental growth. Investors should balance these rental trends against the capital appreciation of the property to determine the best long-term yield.
The residential market in Sector 116, Mohali, is primarily focused on apartments, which carry an average asking price of ₹4,900 per sq ft as of June 2026. This price point represents an appreciation of 0.83% from March 2026 to June 2026, suggesting that apartment-style living remains the dominant and steadily growing residential segment in this locality.
Homebuyers can use the property rates data for Sector 116 to benchmark their purchase against both local trends and neighbouring sectors. By observing that the average asking price is ₹4,900 per sq ft as of June 2026 and noting the 0.83% appreciation over the last quarter, buyers can gauge whether they are entering the market at a fair value. Furthermore, comparing this to higher-priced neighbouring sectors like Sector 77 or Sector 85 helps buyers understand the premium they might pay for different locations within the broader Mohali market.
