Mohali
The real estate market in Sector 123 showcases a dynamic landscape driven by diverse residential demand and shifting price points. Recent quarterly data indicates a softening in location rates, moving from 10,150 in early 2026 to 9,350 by September, reflecting a correction period that savvy buyers may find advantageous. Rental activity remains steady across surrounding areas, with key hubs maintaining consistent rates. Developers continue to focus on balancing supply with evolving buyer expectations in this part of Mohali.
As of Sep 2026, the average asking price in Sector 123 stands at ₹4,200 per sq ft. This figure reflects a significant market movement, having appreciated by 9.73% compared to previous periods, indicating a resilient demand for residential properties in this area.
Property prices in Sector 123 have shown a fluctuating trajectory throughout 2026. According to the data for Sep 2026, the location rate reached ₹9,350 per sq ft, down from ₹9,550 per sq ft in Jun 2026 and ₹10,150 per sq ft in Mar 2026, suggesting a period of price correction following the peak observed earlier in the year.
Property prices in Sector 123 vary significantly when compared to surrounding areas. As of Sep 2026, Sunny Enclave commands a higher average asking price of ₹9,300 per sq ft, which has depreciated by 1.92% over the observed period. In contrast, more affordable options are available in areas like Sector 115 at ₹4,050 per sq ft, which has seen a notable appreciation of 16.16%, and Kharar Road at ₹4,300 per sq ft, which appreciated by 1.7%.
There is a distinct price gap between property types in Sector 123 as of Sep 2026. Villas are currently priced at an average of ₹9,350 per sq ft, having depreciated by 1.88% compared to the previous period, while apartments are significantly more accessible at an average of ₹4,450 per sq ft, which has appreciated by 6.05%.
Rental rates in the vicinity of Sector 123 are currently stable in several key areas. As of Sep 2026, both Kharar Road and Mullanpur maintain an average rental rate of ₹50 per sq ft, with no change in rates observed. Meanwhile, Sector 88 also reports an average rental rate of ₹50 per sq ft, though this represents a depreciation of 10% compared to the previous period.
Investors looking at the rental market around Sector 123 should note that while rental rates are currently consistent at ₹50 per sq ft across several nearby sectors, the market is showing signs of adjustment. For instance, the 10% depreciation in rental rates in Sector 88 suggests that landlords may be adjusting expectations to maintain occupancy, which is a critical factor for investors calculating long-term rental income potential.
Among the areas surrounding Sector 123, Sector 115 has experienced the most significant growth, with its average asking price of ₹4,050 per sq ft appreciating by 16.16% as of Sep 2026. This strong growth indicates high demand and increasing interest from buyers in this specific locality compared to other nearby sectors.
