Mohali
Sector 117 has established itself as a reliable residential hub within Mohali, characterized by consistent price appreciation over the last few quarters. The market currently sees apartments priced at an average of ₹5,150 per sq ft, while commercial showrooms are available at approximately ₹8,650 per sq ft. Rental demand in nearby sectors like Sector 77 and Aerocity remains stable at ₹50 per sq ft, indicating a broad regional appeal for tenants. Overall, the locality presents a balanced mix of residential and commercial opportunities for diverse stakeholders.
As of June 2026, the average asking price in Sector 117 is ₹5,150 per sq ft. This rate has appreciated by 1.6% compared to the previous period, reflecting a steady upward trend in the local residential market.
Property rates in Sector 117 have shown a consistent upward trajectory leading up to June 2026. The average asking price rose from ₹5,050 per sq ft in September 2025 to ₹5,100 per sq ft in December 2025, and further to ₹5,150 per sq ft by March 2026, signaling resilient demand for residential properties in the area.
Property prices in Sector 117, currently at ₹5,150 per sq ft, are significantly more accessible compared to premium villa-dominated sectors like Sector 79, which commands ₹26,900 per sq ft, or Sector 80, which is at ₹24,950 per sq ft. Meanwhile, neighbouring Sector 116 currently averages ₹4,850 per sq ft, having depreciated by 6.43% over the observed period, making Sector 117 a mid-range option for buyers looking for apartment-focused living.
As of June 2026, apartments in Sector 117 are priced at an average of ₹5,150 per sq ft, having appreciated by 1.6%. 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, indicating different market dynamics for residential and commercial property segments.
Rental rates in the vicinity of Sector 117 are currently consistent across several key neighbourhoods. As of June 2026, Sector 77 and Sector 66 B both command an average rental rate of ₹50 per sq ft, with rates remaining stable at 0% change. Other nearby areas like Aerocity and Sector 127 also average ₹50 per sq ft, though these areas have seen a rental depreciation of 9.52% and 4.55% respectively compared to the previous period.
Investors looking at the area surrounding Sector 117 should note that rental rates have largely stabilized at ₹50 per sq ft in several established sectors like Sector 77 and Sector 66 B. While some areas like Aerocity have experienced a rental depreciation of 9.52% as of June 2026, the consistency in other sectors suggests a baseline rental expectation for the region that investors can use to model their potential income against current property acquisition costs.
