Mohali
Sector 121 has emerged as a high-growth residential hub in Mohali, with property values showing a sustained increase over the last three quarters. Investors are currently looking at a steady rental landscape where surrounding localities maintain a consistent average rental rate of ₹50 per sq ft. While property prices show robust appreciation, the rental market provides reliable yield potential for those looking at long-term asset holding.
As of June 2026, the average asking price in Sector 121 is ₹8,950 per sq ft. This figure reflects a positive market movement, having appreciated by 11.29% compared to the previous period, indicating a robust demand for residential apartments in this locality.
Property prices in Sector 121 have shown a consistent upward trajectory over the last few quarters. Data from September 2025 shows an average rate of ₹7,150 per sq ft, which climbed to ₹8,050 per sq ft by December 2025, and reached ₹8,950 per sq ft by March 2026, signaling strong buyer confidence and sustained growth in the area.
Property rates in the vicinity of Sector 121 vary significantly depending on the location and property type. For instance, Sector 77 commands a premium with an average asking price of ₹27,050 per sq ft for villas, which has appreciated by 16.97%. In contrast, more affordable options are available in areas like Kharar Road at ₹4,250 per sq ft (up 24.63%) and Sector 127 at ₹4,600 per sq ft (up 5.15%), allowing investors and homebuyers to choose based on their budget and lifestyle requirements.
As of June 2026, the average rental rate across several key neighbourhoods near Sector 121, including Sunny Enclave, Sector 77, and Mullanpur, stands at ₹50 per sq ft. While this rate is consistent across many of these micro-markets, it is important to note that some areas have seen fluctuations; for example, rental rates in Kharar have depreciated by 14.29% and in Sector 127 by 4.55% compared to the previous period, while other areas like Sunny Enclave and Sector 77 have remained stable with 0% change.
The rental rate stability observed in areas like Sunny Enclave, Sector 77, and Mullanpur, where rates have remained at ₹50 per sq ft with 0% change as of June 2026, suggests a balanced rental market where supply and demand are currently well-aligned. Investors looking for consistent rental income may find these areas reliable, though they should also monitor the depreciation trends seen in neighbouring Kharar and Sector 127 to understand broader regional rental pressures.
The residential market in Sector 121 is primarily dominated by apartments. As of June 2026, the average asking price for these apartments is ₹8,950 per sq ft, which has appreciated by 11.29% compared to the previous period, reflecting a strong preference for apartment-style living in this sector.
