- Competitive pricing: Sector 117 offers a more budget-friendly option compared to several upscale sectors in Mohali.
- Stable apartment segment: Apartments maintain a consistent average price with a slight positive change, suggesting a reliable residential market.
- Presence of commercial options: The availability of showrooms indicates a mixed-use development potential, catering to both residential and business needs.
- Proximity to developed areas: Being surrounded by higher-value sectors like Sector 98 and Sector 67 suggests future growth potential and improved connectivity.
- Potential for future development: As Mohali expands, sectors like 117 are likely candidates for infrastructure and amenities upgrades, enhancing property values.
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Property Rates in Sector 117, Mohali
Comprehensive Market Snapshot
The real estate market in Sector 117, Mohali, currently presents an asking price of ₹5,077 per sq ft. Recent quarterly trends show a dynamic market, with rates experiencing fluctuations, notably a peak at ₹6,449 per sq ft in June 2025 before settling at the current level. The market primarily features apartments and showrooms, with apartments aligning closely with the average asking price for the locality.
- Asking Sale Price₹ 5,077/sq.ft
Insights for Sector 117, Mohali Real Estate Market
Sector 117 in Mohali offers an interesting perspective for property buyers and investors, with the current asking price averaging ₹5,077 per sq ft. This rate positions Sector 117 as a more accessible entry point compared to several neighboring localities, such as Sector 98 at ₹7,913 per sq ft or Sector 66-a which commands a significantly higher ₹12,817 per sq ft. Looking at recent trends, the market saw a notable high of ₹6,449 per sq ft in June 2025, followed by an adjustment to ₹5,070 per sq ft by September 2025, and a slight rebound to the current ₹5,077 per sq ft in December 2025. This fluctuation suggests a market finding its equilibrium. Regarding property types, apartments in Sector 117 are available at an average of ₹5,077 per sq ft, showing a stable change of 0.14%. Showrooms, on the other hand, are priced higher at ₹8,669 per sq ft, although they have experienced a slight decrease of 2.26%. The absence of detailed registration data or specific project insights means investment decisions should be primarily guided by current asking prices and comparative analysis with adjacent, more developed sectors. This market could appeal to those seeking value within Mohali’s expanding urban landscape.
- Price volatility: The significant drop in asking prices from June to September 2025 indicates market fluctuations, which can be a concern for short-term investors.
- Lack of transaction transparency: The absence of registration data makes it difficult to assess actual transaction volumes and market liquidity.
- No rental market data: The unavailability of average rental rates makes it challenging for investors focused on rental income to evaluate potential returns.
- Limited property type diversity: The market primarily features apartments and showrooms, with less variety in other property segments.
- Absence of project-specific data: Lack of information on top projects or developers makes it harder to identify specific high-performing assets.
- Relatively affordable entry point: With an average asking price of ₹5,077 per sq ft, Sector 117 is more accessible than many established sectors in Mohali.
- Apartment market stability: Apartments show a stable price trend with a slight positive change of 0.14%, indicating consistent demand.
- Potential for capital appreciation: Given recent price fluctuations, there could be opportunities for appreciation as the market stabilizes and develops further.
- Strategic location: Its proximity to higher-priced sectors suggests potential spillover demand and infrastructure development in the future.
Property Price Trends in Sector 117, Mohali
Property asking prices in Sector 117, Mohali, have shown notable movement over the recent quarters. After an initial peak of ₹6,449 per sq ft in June 2025, the rates adjusted to ₹5,070 per sq ft by September 2025. The market has since experienced a minor upward correction, settling at ₹5,077 per sq ft in December 2025, indicating a period of price discovery and stabilization.
Sector 117's real estate market caters to diverse preferences, primarily offering apartments and showrooms. Apartments are priced at an average of ₹5,077 per sq ft, showing a marginal positive change of 0.14%. Showrooms, representing the commercial segment, average ₹8,669 per sq ft, though they have seen a slight decrease of 2.26% in their average price.
Sector 117 offers a competitive entry point into the Mohali real estate market, with an average asking price of ₹5,077 per sq ft. This stands in contrast to several nearby, more established localities. For instance, Sector 116 is priced closely at ₹5,178 per sq ft, while Sector 98 commands a higher average of ₹7,913 per sq ft. Other premium sectors like Sector 66-a significantly surpass Sector 117, averaging ₹12,817 per sq ft, highlighting the relative affordability and potential for growth in Sector 117.