Mohali
Sector 123 in Mohali is currently experiencing a period of consistent growth, with property rates averaging ₹10,150 per sq ft. This valuation reflects a healthy 5.61% increase, signaling robust demand for residential assets. The local market is characterized by a mix of villa and apartment options, catering to diverse buyer needs. Price trends over the past year indicate a positive trajectory, moving from 4,750 in late 2025 to 4,200 in mid-2026 for local rates.
The current average asking price in Sector 123 is ₹10,150 per sq ft as of June 2026. This rate has appreciated by 5.61% compared to the previous period, signaling sustained buyer interest and a positive shift in market valuation for residential villas in this locality.
Property rates in Sector 123 have shown an upward trajectory in the most recent quarter, with the location rate rising to ₹4,200 per sq ft in June 2026 from ₹3,800 per sq ft in March 2026. This quarter-over-quarter growth indicates a strengthening demand for residential properties, providing a positive signal for potential investors and homeowners looking for capital appreciation.
Sector 123, with an average asking price of ₹10,150 per sq ft as of June 2026, sits in a mid-to-high price bracket compared to its surroundings. For context, neighbouring areas like Sector 117 offer more accessible entry points at ₹5,150 per sq ft, while premium pockets like Sector 77 command significantly higher rates at ₹27,050 per sq ft. These variations allow buyers to choose between different investment tiers based on their budget and long-term goals.
As of June 2026, there is a distinct pricing difference between property types in Sector 123, with villas averaging ₹9,550 per sq ft and apartments averaging ₹4,200 per sq ft. Notably, the villa segment has seen a depreciation of 6.28% compared to the previous period, whereas the apartment segment has experienced a significant appreciation of 9.73% over the same timeframe, reflecting shifting buyer preferences toward more affordable or compact housing options.
Investors should view the recent price trends in Sector 123 as a sign of a dynamic market, particularly given the volatility observed in the micromarket rate, which rose from ₹7,100 per sq ft in March 2026 to ₹7,650 per sq ft in June 2026. This upward movement in the broader micromarket, coupled with the 5.61% appreciation in the local average asking price as of June 2026, suggests that the area is gaining traction and may offer potential for future value growth.
