Mohali
The real estate market in Sector 118 is defined by its robust commercial appeal and a steady pricing environment for investors. With an average rate of ₹8,350 per sq ft, the area provides a strategic entry point for those looking to capitalize on Mohali's expansion. Rental activity across surrounding zones remains stable, with average rates consistently holding at ₹50 per sq ft. This consistency provides a predictable outlook for landlords and tenants alike. As the region matures, the interplay between commercial property valuations and rental yields creates a balanced environment for stakeholders.
As of Sep 2026, the average asking price in Sector 118, Mohali stands at ₹8,350 per sq ft. This rate has remained stable with no change recorded compared to the previous period, reflecting a consistent pricing environment for residential properties in this locality.
Property rates in Sector 118, Mohali have shown a trajectory of growth when observing the broader micromarket data. While the current average asking price is ₹8,350 per sq ft as of Sep 2026, the micromarket rate rose from ₹7,100 per sq ft in Mar 2026 to ₹7,650 per sq ft in Jun 2026, indicating a positive momentum in the area's real estate valuation leading up to the current period.
Property rates in Sector 118, Mohali, at ₹8,350 per sq ft, are positioned at a premium compared to several surrounding neighbourhoods. For instance, Sector 115 has an average asking price of ₹4,050 per sq ft, which appreciated by 16.16% from the previous period, while Sector 123 is priced at ₹4,200 per sq ft, having appreciated by 9.73%. Conversely, areas like Sector 124 have seen a depreciation of 16.77%, bringing its rate to ₹7,150 per sq ft, and Sector 121 stands at ₹8,450 per sq ft after a 5.58% depreciation.
As of Sep 2026, the average price for showrooms in Sector 118, Mohali is ₹8,350 per sq ft. This segment has shown growth, appreciating by 2.51% compared to the previous period, which highlights a healthy demand for commercial property types within the locality.
The rental market in the vicinity of Sector 118, Mohali, shows consistent pricing across several key neighbourhoods. As of Sep 2026, areas including Kharar Road, Sas Nagar, Sector 88, Mullanpur, and Sector 82 all maintain an average rental rate of ₹50 per sq ft. These rates have remained stable with 0% change, suggesting a uniform rental landscape across these specific parts of Mohali.
Investors looking at the Mohali region should note that the rental market is currently characterized by stability, with multiple prominent sectors like Sector 88 and Mullanpur recording an average rental rate of ₹50 per sq ft as of Sep 2026. Since these rates have seen no change (0% appreciation or depreciation) in the recent period, the market currently offers predictable rental income potential. Investors should balance these steady rental returns against the capital appreciation trends seen in the respective sale markets to determine the overall investment viability.
