Mohali
The real estate market in Sector 117 is currently defined by a consistent rise in residential property values, supported by strong demand and development activity. While property prices have moved steadily upward over the last year, the broader micromarket continues to outperform, suggesting a high level of buyer confidence. Rental demand remains steady across the region, with various nearby sectors maintaining a consistent average rental rate.
As of Sep 2026, the average asking price in Sector 117 is ₹5,600 per sq ft. This rate has depreciated by 0.64% from Jun 2026 to Sep 2026, reflecting a period of minor price adjustment in the local residential market.
Property prices in Sector 117 have shown a mixed trajectory, moving from ₹5,100 per sq ft in Dec 2025 to ₹5,150 per sq ft in Mar 2026, and reaching ₹5,600 per sq ft by Jun 2026 and Sep 2026. While the price held steady at ₹5,600 per sq ft between Jun 2026 and Sep 2026, the overall upward movement from late 2025 indicates a period of growth that has recently stabilized.
Property rates in Sector 117, currently at ₹5,600 per sq ft, are generally more accessible compared to several neighbouring areas in Mohali. For instance, Sector 77 commands a higher average asking price of ₹12,150 per sq ft (which appreciated by 3.21% from Jun 2026 to Sep 2026), while Sector 67 remains at ₹11,650 per sq ft. Other nearby areas like Sector 116 offer a lower entry point at ₹5,000 per sq ft, which has seen an appreciation of 2.05% over the same period.
As of Sep 2026, apartments in Sector 117 are priced at an average of ₹5,600 per sq ft, having depreciated by 0.64% since Jun 2026. In comparison, showrooms in the same locality are currently priced at ₹8,650 per sq ft, which reflects a depreciation of 2.26% from Jun 2026 to Sep 2026. This indicates that commercial-use properties like showrooms command a significant premium over residential apartments in this sector.
Rental rates across various Mohali sectors, including those near Sector 117, are currently uniform at ₹50 per sq ft. While this rate is consistent, the market trends vary: for example, rental rates in Aerocity have depreciated by 51.11% from Jun 2026 to Sep 2026, and Sector 88 has seen a 10% depreciation over the same period. Conversely, areas like Kharar Road and Sector 82 A have maintained stable rental rates with 0% change, suggesting varying levels of demand and supply dynamics across these specific micromarkets.
Investors evaluating the Mohali market should note that while the average rental rate is currently ₹50 per sq ft across several key sectors, the significant depreciation seen in areas like Aerocity (51.11% from Jun 2026 to Sep 2026) and Sector 82 (7.41% from Jun 2026 to Sep 2026) highlights the importance of checking micro-level demand. Since the overall rental yield for the area is not currently available, investors should focus on these rental trends alongside the capital appreciation of property prices to determine the long-term viability of their investment.
Buyers can use the property rate data for Sector 117 to benchmark their purchase against current market trends and neighbouring localities. By observing that the average asking price is ₹5,600 per sq ft as of Sep 2026 and noting the recent 0.64% depreciation, buyers can gauge whether current seller expectations align with the broader market trajectory. It is also helpful to compare these figures against the higher-priced neighbouring sectors, such as Sector 77 or Sector 85, to understand the relative value proposition of Sector 117.
