Mohali
The real estate market in Sector 118 presents a stable environment for both investors and end-users, with an average asking price of ₹8,350 per sq ft. Commercial activity is particularly notable, as showrooms in this sector currently command significant attention with a positive price trend of 2.51%. While the surrounding residential micromarkets show a mix of price adjustments, the core value in Sector 118 remains resilient. Investors looking for rental opportunities will find consistent rates across several nearby hubs in Mohali, providing a steady baseline for potential returns.
As of Sep 2026, the average asking price in Sector 118 is ₹8,350 per sq ft. This rate has remained stable with a 0% change, indicating a balanced market environment where supply and demand have reached a period of equilibrium.
Property price trends in Sector 118 have shown a steady upward trajectory during 2026. The micromarket rate rose from ₹7,100 per sq ft in Mar 2026 to ₹7,650 per sq ft in Jun 2026, and further climbed to ₹7,700 per sq ft by Sep 2026, signaling consistent growth in demand for the area.
Property rates in Sector 118, currently at ₹8,350 per sq ft, are positioned higher than many surrounding areas. For context, neighbouring locations show varied pricing: Sector 115 is priced at ₹4,300 per sq ft (which appreciated by 6.38% from the previous period), while premium areas like Sector 123 and Sunny Enclave command higher rates at ₹9,350 per sq ft and ₹9,300 per sq ft respectively, both having seen slight depreciations of 1.88% and 0.3%.
As of Sep 2026, the average price for showrooms in Sector 118 is ₹8,350 per sq ft. This segment has demonstrated positive growth, having appreciated by 2.51% compared to the previous period, reflecting sustained interest in commercial property types within the locality.
Rental rates in the vicinity of Sector 118 are currently consistent at ₹50 per sq ft across several key locations including Kharar Road, Mullanpur, Sector 88, and Sector 82. While rates in Kharar Road and Mullanpur have remained stable with 0% change, other areas have experienced market corrections; for instance, Sector 88 saw a depreciation of 10% and Sector 82 saw a depreciation of 7.41% compared to the previous period.
The consistent rental rate of ₹50 per sq ft across major nearby hubs suggests a standardized rental market in the region as of Sep 2026. Investors should note that while some areas like Kharar Road and Mullanpur have maintained price stability, the depreciations seen in Sector 88 and Sector 82 indicate that landlords in those specific pockets may be adjusting expectations to remain competitive in the current rental landscape.
You can use this data to benchmark the value of your potential investment against the broader market performance in Sector 118. By observing the current average asking price of ₹8,350 per sq ft and comparing it with the quarterly price trends and neighbouring locality rates, you can identify whether a property is priced competitively or if it aligns with the established market trajectory observed up to Sep 2026.
