Mohali
The real estate market in Sector 121 has experienced a dynamic shift over the past year, with prices climbing from ₹7,150 per sq ft in September 2025 to reach ₹8,450 per sq ft by mid-2026. This upward trend reflects robust demand within the locality, even as surrounding areas show varied pricing patterns. Rental demand remains steady across the broader region, with multiple nearby sectors recording average rental rates of ₹50 per sq ft. Development activity continues to favor high-quality residential apartments that cater to evolving buyer preferences.
As of June 2026, the average asking price in Sector 121 is ₹8,450 per sq ft. This figure reflects a depreciation of 5.58% when compared to the previous period, indicating a recent adjustment in market pricing for residential apartments in this locality.
Property prices in Sector 121 have shown a fluctuating trajectory throughout the recent quarters. As of June 2026, the location rate stands at ₹8,450 per sq ft, following a rate of ₹8,950 per sq ft in March 2026, ₹8,050 per sq ft in December 2025, and ₹7,150 per sq ft in September 2025. This movement highlights the dynamic nature of the local real estate market, where pricing has adjusted periodically to align with broader micromarket shifts.
Property prices in Sector 121, currently at ₹8,450 per sq ft, are positioned higher than several surrounding neighbourhoods. For instance, Sector 123 is priced at ₹4,200 per sq ft (which has appreciated by 9.73%), Kharar Road is at ₹4,300 per sq ft (up by 1.7%), and Sector 127 is at ₹4,500 per sq ft (reflecting a depreciation of 2.03%). Meanwhile, premium areas like Sunny Enclave are priced at ₹9,300 per sq ft (depreciated by 1.92%), and SAS Nagar is at ₹7,450 per sq ft (stable). These variations reflect the diverse value propositions across the Mohali region as of June 2026.
Rental rates across various Mohali micromarkets are largely stable at ₹50 per sq ft as of June 2026, with the exception of Sector 66 B. In Sector 66 B, rental rates have appreciated by 4.76% to reach ₹50 per sq ft, while other areas like Kharar Road, SAS Nagar, Sector 88, Mullanpur, and Sector 82 have maintained a steady rental rate of ₹50 per sq ft with no change recorded. This consistency in rental pricing across most of these locations suggests a uniform demand profile for rental properties in the region.
Investors evaluating the rental market near Sector 121 will find a consistent rental rate of ₹50 per sq ft across most major micromarkets as of June 2026. While most areas like Kharar Road, SAS Nagar, and Mullanpur have seen stable rental pricing, Sector 66 B has shown positive movement with an appreciation of 4.76% in rental rates. Understanding these localized trends is essential for landlords and investors to gauge the potential income stability and growth prospects in different parts of Mohali.
You can use this data to benchmark your investment or purchase against current market averages and historical trends. By reviewing the June 2026 average asking price of ₹8,450 per sq ft in Sector 121 alongside the quarterly price trends and comparisons with neighbouring areas like Sector 123 or SAS Nagar, you can better assess whether a property is priced competitively. Additionally, monitoring the appreciation or depreciation percentages helps you understand the historical performance of the locality, allowing for a more data-backed approach to your real estate journey.
