Mohali
The real estate market in Sector 123 is currently experiencing a period of consistent growth, marked by rising property values across the residential sector. Investors and homebuyers are observing a clear upward trajectory in pricing, which reflects growing demand for established housing options in this part of Mohali. As the area continues to develop, the focus remains on high-quality apartment living that balances affordability with long-term value. This steady increase in rates highlights the area's attractiveness for those seeking a stable entry point into the local market.
The current average asking price in Sector 123 is ₹4,200 per sq ft as of June 2026. This figure reflects a positive market movement, having appreciated by 9.73% from March 2026 to June 2026, signaling a period of strengthening demand for residential apartments in this area.
Property prices in Sector 123 have shown a recovery trend, with the average asking price rising to ₹4,200 per sq ft in June 2026 from ₹3,800 per sq ft in March 2026. While the market saw a peak in December 2025 at ₹5,200 per sq ft, the recent quarter-over-quarter growth from March 2026 to June 2026 indicates renewed buyer interest following the correction observed earlier in the year.
Property rates in Sector 123 are currently more accessible compared to several surrounding areas, with an average asking price of ₹4,200 per sq ft as of June 2026. For context, nearby sectors like Sector 117 command ₹5,600 per sq ft (which appreciated by 8.86%), while premium locations like Sector 77 and Sector 79 see significantly higher rates of ₹11,750 per sq ft and ₹28,800 per sq ft, respectively. This makes Sector 123 a competitive option for buyers looking for entry-level or mid-segment residential opportunities in the Mohali real estate market.
As of June 2026, there is a notable price divergence between property types in Sector 123, with apartments averaging ₹4,200 per sq ft and villas averaging ₹9,550 per sq ft. While apartment prices have appreciated by 9.73% since March 2026, villa prices have experienced a depreciation of 6.28% over the same period, suggesting a shift in buyer preference or supply dynamics favoring high-density residential units over luxury villa segments in this specific locality.
