Mohali
The real estate market in Sector 117 demonstrates a consistent appreciation in property values, making it an attractive destination for both investors and homebuyers. Recent trends highlight a positive shift in residential pricing, buoyed by consistent demand for well-planned apartment units. Rental activity across the broader Mohali region remains stable, with several key sectors maintaining a consistent rental rate of ₹50 per sq ft. The overall market sentiment is optimistic as infrastructure and connectivity continue to drive interest in this locality.
As of June 2026, the average asking price in Sector 117 stands at ₹5,150 per sq ft. This figure reflects a market appreciation of 1.6% compared to the previous period, indicating a steady demand for residential properties in this locality.
Property prices in Sector 117 have shown a consistent upward trajectory throughout the first half of 2026. The location rate increased from ₹5,150 per sq ft in March 2026 to ₹5,600 per sq ft by June 2026, signaling growing buyer interest and a tightening supply in the area.
As of June 2026, apartments in Sector 117 are priced at an average of ₹5,600 per sq ft, which has seen a notable appreciation of 8.86% compared to the previous period. In contrast, showrooms are currently averaging ₹8,650 per sq ft, though this segment experienced a depreciation of 2.26% over the same timeframe, suggesting a slight cooling in the commercial retail segment.
Rental rates across several nearby localities, including Sector 82, Sector 66 B, Sector 82 A, Sas Nagar, and Kharar Road, are currently consistent at ₹50 per sq ft. While most of these areas have seen stable rental trends, Aerocity has experienced a rental depreciation of 10.53%, whereas Sector 66 B has seen an appreciation of 4.76% as of June 2026.
Investors evaluating the rental market near Sector 117 should note that while the average rental rate in surrounding areas like Sector 82 and Sas Nagar remains stable at ₹50 per sq ft, performance varies by specific micro-location. For instance, the 4.76% appreciation in Sector 66 B as of June 2026 indicates a potentially higher demand for rental units there compared to areas like Aerocity, which saw a 10.53% depreciation in rental rates over the same period.
Property rates in Mohali vary significantly by sector and building type. As of June 2026, Sector 117 maintains an average asking price of ₹5,150 per sq ft, which is considerably more accessible than premium villa-heavy sectors like Sector 79, where rates reach ₹26,900 per sq ft (reflecting an appreciation of 3.46%), or Sector 80, which averages ₹24,950 per sq ft (an appreciation of 5.14%). Conversely, Sector 116 offers a more budget-friendly entry point at ₹4,850 per sq ft, despite a recent depreciation of 6.43%.
