Mohali
Sector 121 in Mohali has evolved into a prominent residential destination, currently commanding an average asking price of ₹8,450 per sq ft. Market data indicates a consistent rise in property valuations over the past year, supported by its strategic location and connectivity. Rental demand remains steady across the region, with surrounding areas like Kharar Road and Sas Nagar consistently recording average rental rates of ₹50 per sq ft. Investors and homebuyers are increasingly drawn to this sector for its balanced growth profile and robust infrastructure.
As of June 2026, the average asking price in Sector 121 is ₹8,450 per sq ft. This figure reflects a market correction, having depreciated by 5.58% compared to the previous period. Buyers and investors should note that this price point specifically applies to apartment-style residential properties, which currently represent the primary inventory in this locality.
The property price trend in Sector 121 has shown volatility over the last few quarters, with the average asking price recorded at ₹8,450 per sq ft in June 2026, compared to ₹8,950 per sq ft in March 2026. Prior to this, the locality saw prices at ₹8,050 per sq ft in December 2025 and ₹7,150 per sq ft in September 2025. This trajectory suggests a period of price adjustment following the growth observed throughout late 2025.
Property rates vary significantly across the neighbourhoods surrounding Sector 121. As of June 2026, areas like Sunny Enclave command a higher average asking price of ₹9,300 per sq ft, though this has depreciated by 1.92% over the observed period. In contrast, more accessible options include Sector 123 at ₹4,200 per sq ft, which has seen a notable appreciation of 9.73%, and Kharar Road at ₹4,300 per sq ft, which appreciated by 1.7%.
The rental market in the vicinity of Sector 121 currently maintains a stable average rental rate of ₹50 per sq ft across several key neighbouring areas. As of June 2026, locations including Kharar Road, Sas Nagar, Sector 88, and Mullanpur all report an average rental rate of ₹50 per sq ft. This consistent pricing across these diverse pockets indicates a uniform rental demand profile in the broader Mohali region, with no significant appreciation or depreciation recorded in these specific areas during the current period.
Investors looking at the Mohali region should note that the rental rate of ₹50 per sq ft is consistent across major hubs like Sas Nagar and Sector 88 as of June 2026. Since the change percentage for these rental rates is 0%, the market is currently experiencing a phase of rental stability. Investors should weigh this steady rental income potential against the varying capital appreciation trends seen in the sale market, such as the 9.73% appreciation in Sector 123, to determine the best long-term value for their portfolio.
