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Property Rates in Sector 117, Mohali
Comprehensive Market Snapshot
Property rates in Sector 117, Mohali average ₹5,150 per sq ft, showing a slight upward trend. Apartments are priced at ₹5,150 per sq ft with a 1.6% increase, while showrooms are priced at ₹8,650 per sq ft. The micromarket rate stands at ₹13,050 per sq ft for March 2026, indicating strong future growth potential.
- Asking Sale Price₹ 5,150 /sq.ft
Insights for Sector 117, Mohali Real Estate Market
Sector 117 in Mohali presents a dynamic real estate market with an average asking price of ₹5,150 per sq ft. The price trend indicates steady growth, with projections showing ₹5,150 per sq ft by March 2026. The rental market sees apartments averaging ₹5,150 per sq ft, experiencing a 1.6% rise, while showrooms are priced at ₹8,650 per sq ft with a 2.26% decrease. Notably, nearby Sector 98 apartments command ₹7,900 per sq ft, while Sector 116 apartments are priced lower at ₹4,850 per sq ft. The rental landscape in Mohali shows Aerocity with an average rental rate of ₹50 per sq ft, experiencing a 9.52% decline.
- Apartments in Sector 117 are priced at ₹5,150 per sq ft, reflecting a 1.6% increase.
- Showrooms in Sector 117 are available at ₹8,650 per sq ft, with a recent dip of 2.26%.
- Sector 98 in Mohali shows a strong residential market with apartments averaging ₹7,900 per sq ft and a 5% increase.
- Aerocity registers an average rental rate of ₹50 per sq ft, though it has seen a 9.52% decrease.
- Sector 116 offers apartments at a more affordable ₹4,850 per sq ft, down 6.43%.
Property Valuation Comprehensive assessment of your property's current worth in the current market
Property Price Trends in Sector 117, Mohali
Sector 117's property market is poised for growth, with asking prices projected to reach ₹5,150 per sq ft by March 2026. While the rate was ₹6,450 per sq ft in June 2025, it has seen a downward adjustment to ₹5,050 in September 2025 and ₹5,100 in December 2025, before stabilizing at ₹5,150 for March 2026.
Sector 117's real estate market offers diverse property types. Apartments are priced at ₹5,150 per sq ft, showing a positive 1.6% increase, making them an attractive residential option. Showrooms, on the other hand, are available at ₹8,650 per sq ft, experiencing a slight decline of 2.26%.
When comparing property rates across Mohali, Sector 117's average asking price of ₹5,150 per sq ft sits favorably against its neighbors. Sector 98 stands out with apartment rates at ₹7,900 per sq ft, a significant premium. Meanwhile, Sector 116 offers a more accessible entry point at ₹4,850 per sq ft for apartments. Other sectors like 79 and 78 command much higher rates, with villas priced at ₹26,900 and ₹22,900 per sq ft respectively.
FAQs about Property Rates in Sector 117, Mohali
Property prices in Sector 117, Mohali have shown some fluctuation over the past year. From June 2025 to March 2026, the average location rate has seen a decrease from ₹6,450 per sq ft to ₹5,150 per sq ft. However, there was a notable recovery in the most recent period, with prices appreciating by 1.6% from December 2025 to March 2026. This suggests a recent upward momentum after a period of decline.
In Sector 117, Mohali, apartments are priced at an average of ₹5,150 per sq ft as of March 2026, showing a 1.6% appreciation. In contrast, showrooms are valued higher, at an average of ₹8,650 per sq ft, though this segment has seen a depreciation of 2.26% over the same period. This indicates that while apartments are more prevalent and experiencing growth, showrooms represent a premium segment with a recent downward price adjustment.
Property rates vary significantly across sectors near Sector 117, Mohali. Sector 77 boasts the highest villa rates at ₹27,050 per sq ft, appreciating by 16.97%. Sector 79 also shows high villa prices at ₹26,900 per sq ft with a 3.46% increase. For apartments, Sector 98 is priced at ₹7,900 per sq ft with a slight 0.05% appreciation. Conversely, Sector 116 offers apartments at a lower ₹4,850 per sq ft, having depreciated by 6.43%, making it one of the more affordable nearby options for apartments.
Rental rates in areas surrounding Sector 117, Mohali show some variation. Sector 77 and Sector 66 B both have an average rental rate of ₹50 per sq ft with no change recorded. Aerocity and Sector 127 also show an average rental rate of ₹50 per sq ft, but Aerocity has seen a depreciation of 9.52% and Sector 127 a depreciation of 4.55% in rental values. Sunny Enclave also has an average rental rate of ₹50 per sq ft with no recorded change.
The provided data for Sector 117, Mohali does not differentiate pricing based on property status (e.g., 'Ready to Move' vs. 'Under Construction'). The available figures for apartments and showrooms reflect overall averages for the locality as of March 2026.
