Mohali
The real estate market in Sector 117 is showing consistent growth, with property rates moving from ₹5,050 per sq ft in late 2025 to ₹5,600 per sq ft by mid-2026. This appreciation highlights a strengthening demand for residential units in the locality. Rental activity across the broader region remains stable at ₹50 per sq ft, attracting consistent interest from tenants. Developers continue to align their offerings with current buyer preferences to capture this momentum.
As of June 2026, the average asking price in Sector 117 is ₹5,600 per sq ft. This figure reflects a positive market trend, having appreciated by 8.86% compared to the previous period. This growth suggests a strengthening demand for residential property in this locality.
Property prices in Sector 117 have shown a consistent upward trajectory throughout 2026. As of June 2026, the location rate reached ₹5,600 per sq ft, rising from ₹5,150 per sq ft in March 2026, ₹5,100 per sq ft in December 2025, and ₹5,050 per sq ft in September 2025. This steady quarter-over-quarter appreciation indicates sustained buyer interest and a maturing real estate market in the area.
Property rates in Sector 117, currently at ₹5,600 per sq ft, are positioned competitively compared to several surrounding areas. For instance, Sector 98 commands an average rate of ₹8,300 per sq ft (which appreciated by 4.68%), while Sector 79 features higher-end villa properties at ₹28,800 per sq ft (up by 7.08%). Conversely, more affordable options are available in Sector 116, where rates are ₹4,900 per sq ft, reflecting a modest appreciation of 0.83%.
As of June 2026, the market in Sector 117 offers distinct pricing for different property types. Apartments are currently priced at an average of ₹5,600 per sq ft, showing a strong appreciation of 8.86%. In contrast, showrooms are priced at ₹8,650 per sq ft, which represents a depreciation of 2.26% compared to the previous period, suggesting a slight market correction for commercial-use assets in this locality.
Rental rates across various sectors near Sector 117, such as Sector 82, Sector 88, and Aerocity, are currently averaging around ₹50 per sq ft as of June 2026. While many of these areas have seen stable rental values with 0% change, Aerocity has experienced a significant surge, with rental rates appreciating by 136.84% compared to the previous period. Investors should note that while the base rent is consistent across many nearby hubs, the high growth in specific pockets like Aerocity may indicate emerging rental demand that could influence future investment decisions.
The current market data for Sector 117, characterized by an average asking price of ₹5,600 per sq ft as of June 2026 and an 8.86% appreciation, suggests a healthy environment for both stakeholders. For end-users, the steady price growth indicates a stable asset value, while investors may find the consistent upward trend in residential pricing an encouraging signal for long-term capital appreciation. Prospective buyers should monitor these trends alongside their specific budget requirements to determine if the current entry point aligns with their financial goals.
