Mohali
The real estate market in Sector 117 presents a balanced landscape for both investors and homebuyers, characterized by consistent growth in residential capital values. Recent trends indicate that property prices have steadily climbed from ₹5,050 per sq ft in late 2025 to current levels, supported by a strong demand for apartments. Rental market dynamics remain uniform across the broader vicinity, with most nearby sectors maintaining a rental rate of ₹50 per sq ft. This consistency provides a predictable environment for those looking to leverage rental yields in the Mohali corridor.
As of June 2026, the average asking price in Sector 117 is ₹5,150 per sq ft. This figure reflects a market appreciation of 1.6% compared to previous periods, indicating a steady interest in this residential micro-market.
Property prices in Sector 117 have shown a positive trajectory, with the location rate rising from ₹5,150 per sq ft in March 2026 to ₹5,600 per sq ft as of June 2026. This upward movement suggests growing demand for residential assets in the area, providing a clear signal of market confidence for potential buyers and investors.
As of June 2026, apartments in Sector 117 command an average price of ₹5,600 per sq ft, having appreciated by 8.86% compared to previous data. In contrast, showrooms are priced at an average of ₹8,650 per sq ft, which reflects a depreciation of 2.26% over the same period, highlighting a distinct pricing variance between residential and commercial-use assets.
Rental rates across various Mohali sectors, including Sector 82, Sector 88, and Sector 82 A, currently stand at an average of ₹50 per sq ft as of June 2026. While many of these areas have seen stable rental trends, Aerocity has experienced a depreciation of 10.53% compared to previous periods, whereas Sector 66 B has seen an appreciation of 4.76%, indicating that rental demand can vary significantly even within the same broader region.
The rental market in the vicinity of Sector 117 is currently characterized by a consistent rate of ₹50 per sq ft across several key sectors such as Sas Nagar and Kharar Road as of June 2026. Investors should note that while rates are stable in many pockets, the rental performance is localized; for instance, while most areas show 0% change, Sector 66 B has seen a 4.76% appreciation, suggesting that specific micromarkets may offer better rental growth potential than others.
Property rates in Mohali vary significantly by location; for example, as of June 2026, Sector 116 has an average rate of ₹4,850 per sq ft (reflecting a 6.43% depreciation), while premium villa-dominated areas like Sector 79 command significantly higher rates of ₹26,900 per sq ft (an appreciation of 3.46%). Sector 117, with its average of ₹5,150 per sq ft, sits at a more accessible entry point compared to these high-value sectors, making it a distinct option for different buyer profiles.
Buyers should view the price trend in Sector 117 as a sign of a maturing market, where the location rate has climbed from ₹5,050 per sq ft in September 2025 to ₹5,600 per sq ft by June 2026. This consistent quarterly increase indicates that the locality is gaining traction, and prospective buyers should monitor these shifts to understand the timing of their investment relative to the broader market growth.
