Mohali
Sector 117 is emerging as a dynamic residential destination in Mohali, currently maintaining an average asking price of ₹5,600 per sq ft. The market has shown consistent growth, with residential apartments recording an 8.86% increase, signaling strong buyer confidence. Rental demand across the region is uniform, with many neighboring sectors reporting steady rental rates of ₹50 per sq ft. This consistency in rental pricing across diverse areas like Aerocity and Sector 82 highlights the region's overall attractiveness for tenants and investors alike.
As of September 2026, the average asking price in Sector 117 is ₹5,600 per sq ft. This figure reflects an appreciation of 8.86% compared to the previous period, indicating a positive upward movement in property values within this locality.
Property prices in Sector 117 have shown a consistent upward trajectory through the first half of 2026. The average asking price rose from ₹5,100 per sq ft in December 2025 to ₹5,150 per sq ft in March 2026, and further increased to ₹5,600 per sq ft by June 2026, signaling sustained demand for residential assets in the area.
Property prices in Sector 117, currently at ₹5,600 per sq ft, are positioned competitively compared to several surrounding areas. For instance, Sector 79 commands a significantly higher rate of ₹28,800 per sq ft for villas, which appreciated by 7.08% recently. Meanwhile, more comparable residential sectors like Sector 116 are priced at ₹4,900 per sq ft, showing a modest appreciation of 0.83%, and Sector 74 is priced at ₹5,750 per sq ft, where rates have remained stable.
As of September 2026, the average price for an apartment in Sector 117 is ₹5,600 per sq ft, which has appreciated by 8.86%. In contrast, showrooms in the same locality are priced at ₹8,650 per sq ft, which reflects a depreciation of 2.26% compared to the previous period. This variation highlights that commercial-use spaces like showrooms command a premium over residential apartments in this market.
While specific rental data for Sector 117 is not currently available, the broader Mohali region shows a consistent rental rate of ₹50 per sq ft across several key sectors such as Sector 82, Sector 88, and Aerocity. Notably, Aerocity has experienced significant rental growth, with rates appreciating by 136.84% compared to the previous period, whereas other areas like Sector 82 and Sector 88 have maintained stable rental rates.
The rental data for the Mohali region indicates that most established sectors, including Sector 66 B and Sas Nagar, currently command a rental rate of ₹50 per sq ft. Investors should note that while rates in many sectors have remained stable, the sharp 136.84% appreciation in Aerocity suggests a rapidly evolving rental market that may offer different income potential compared to the more stable, mature sectors.
Buyers should use the provided rate data to benchmark their investment against both the locality average of ₹5,600 per sq ft and the performance of neighboring sectors. By observing the 8.86% appreciation in apartment prices as of September 2026, prospective buyers can gauge the market's current momentum. Additionally, comparing the price of different property types, such as apartments versus showrooms, helps in understanding the specific value proposition of the asset class they intend to purchase.
