Mohali
Sector 121 maintains a dynamic real estate environment where property rates currently average ₹8,050 per sq ft. The market has seen varying price shifts over recent quarters, reflecting broader trends within the Mohali region. Rental demand remains steady with key localities like Kharar Road, Sector 88, and Mullanpur consistently seeing average rental rates of ₹50 per sq ft. Buyers and investors are actively monitoring these movements to capitalize on shifting valuations and potential growth areas.
As of Sep 2026, the average asking price in Sector 121 is ₹8,050 per sq ft. This figure reflects a depreciation of 4.93% compared to the previous period, indicating a recent market correction in property values within this locality.
Property price trends in Sector 121 have shown a fluctuating trajectory throughout 2026. The average asking price reached ₹8,950 per sq ft in Mar 2026, adjusted to ₹8,450 per sq ft in Jun 2026, and settled at ₹8,050 per sq ft as of Sep 2026. This movement suggests a cooling period in the market following the peak observed in the first quarter of the year.
Property rates in Sector 121, currently at ₹8,050 per sq ft, sit in the mid-to-high range when compared to surrounding neighbourhoods. For instance, areas like Kharar Road offer more affordable options at ₹4,300 per sq ft, where rates have remained stable. Conversely, premium pockets like Sunny Enclave and Sector 123 command higher rates of ₹9,300 per sq ft and ₹9,350 per sq ft respectively, both of which have seen slight depreciation of 0.3% and 1.88% respectively, compared to their previous benchmarks.
The average rental rate in nearby localities like Kharar Road, Sector 88, and Mullanpur is ₹50 per sq ft as of Sep 2026. While rental rates in Kharar Road and Mullanpur have remained stable with 0% change, Sector 88 has experienced a depreciation of 10% compared to the prior period, suggesting a shift in rental demand dynamics in that specific sub-market.
As of Sep 2026, the average asking price for apartments in Sector 121 is ₹8,050 per sq ft. This price point reflects a depreciation of 4.93% compared to the previous period, which is consistent with the broader residential market trend observed in the locality.
You can use this data to benchmark your investment or purchase against the current average asking price of ₹8,050 per sq ft in Sector 121. By observing the quarterly price trends and comparing them with neighbouring areas like Sas Nagar (₹7,700 per sq ft) or Sector 91 (₹7,550 per sq ft), you can determine if a property is priced competitively. Always consider the appreciation or depreciation trends—such as the 3.77% appreciation in Sas Nagar—to understand which localities are currently experiencing higher demand.
