Mohali
The real estate market in Sector 117 is defined by its steady residential and commercial activity, with current valuations providing a baseline for prospective buyers. Recent trends indicate a resilient pricing environment where residential apartments maintain a firm position at ₹5,150 per sq ft. Investors have access to diverse assets, including retail showrooms, which balance the residential supply. The rental landscape across surrounding sectors remains consistent, providing stable yields for property owners in the region.
The current average asking price in Sector 117 is ₹5,150 per sq ft as of March 2026. This figure represents an appreciation of 1.6% compared to the previous period, signaling a steady demand for residential properties in this area.
Property rates in Sector 117 have shown a generally upward trajectory, moving from ₹5,050 per sq ft in September 2025 to ₹5,100 per sq ft in December 2025, and reaching ₹5,150 per sq ft by March 2026. This consistent quarterly growth indicates resilient buyer interest and a stable market environment for those looking to invest in the locality.
Property prices in Sector 117, currently at ₹5,150 per sq ft, are significantly more accessible than in premium areas like Sector 79 or Sector 80, where villa rates exceed ₹22,000 per sq ft. For instance, while Sector 117 offers a more entry-level price point, nearby Sector 116 currently averages ₹4,850 per sq ft, which saw a depreciation of 6.43% from the previous period, highlighting the diverse pricing landscape across Mohali's various sectors.
As of March 2026, apartments in Sector 117 are priced at an average of ₹5,150 per sq ft, having appreciated by 1.6% over the observed period. In contrast, showrooms in the area are priced at ₹8,650 per sq ft, which reflects a depreciation of 2.26% compared to the previous period, suggesting a shift in commercial valuation relative to residential demand.
Rental rates in the vicinity of Sector 117 are consistently observed at ₹50 per sq ft across several key locations, including Sector 77, Sector 66 B, Aerocity, Sector 127, and Sunny Enclave as of March 2026. While rates in Sector 77, Sector 66 B, and Sunny Enclave have remained stable with 0% change, areas like Aerocity and Sector 127 have experienced rental depreciation of 9.52% and 4.55% respectively, compared to their previous periods.
Sector 117 presents a distinct profile where residential apartments are priced at ₹5,150 per sq ft, showing a positive appreciation of 1.6% as of March 2026, indicating healthy interest from home seekers. Meanwhile, commercial showrooms are priced at ₹8,650 per sq ft but have seen a depreciation of 2.26% over the same period, suggesting that residential assets may currently offer a more stable growth trajectory for investors compared to the commercial segment.
