Mohali
Sector 123 in Mohali is experiencing a period of renewed interest, with average property values reaching ₹10,150 per sq ft. The market has recovered from fluctuations seen in late 2025, demonstrating stability as it heads into 2026. Residential villas remain the primary driver of this growth, while other property segments are adjusting to shifting buyer preferences. Overall, the locality presents a balanced environment for those looking to invest in established residential pockets.
The average asking price in Sector 123 is ₹10,150 per sq ft as of June 2026. This rate reflects an appreciation of 5.61% when compared to the previous period, signaling sustained buyer interest and a resilient residential market for villas in this locality.
Property prices in Sector 123 have shown a positive trajectory, with the average rate moving from ₹9,600 per sq ft in December 2025 to ₹10,150 per sq ft in March 2026. This upward movement indicates a strengthening market, though investors should note that the broader micromarket rates reached ₹13,050 per sq ft during the same period in March 2026.
As of June 2026, villas in Sector 123 command an average asking price of ₹10,150 per sq ft, which has appreciated by 5.61% compared to the previous period. In contrast, apartments in the area are priced at an average of ₹3,800 per sq ft, which has seen a depreciation of 26.71% over the same timeframe, suggesting a significant divergence in demand and value retention between these two property types.
Property rates in Sector 123, at ₹10,150 per sq ft, sit in the mid-to-high range when compared to surrounding areas in Mohali. For instance, Sector 115 offers more affordable entry points at ₹3,500 per sq ft (which depreciated by 4.01%), while premium locations like Sector 77 command significantly higher rates of ₹27,050 per sq ft, having appreciated by 16.97% as of June 2026. This variation allows buyers to choose between budget-friendly options and high-value luxury segments based on their investment goals.
Investors should evaluate the growth trends and property types when comparing sectors, as seen in the contrast between the 16.97% appreciation in Sector 77 and the 6.43% depreciation in Sector 116 as of June 2026. While Sector 123 shows a stable appreciation of 5.61% for villas, areas like Sector 70, which is primarily commercial, show a depreciation of 5.65%, highlighting that price movement is highly dependent on the specific building type and local development activity.
You can use this data to benchmark the current market value of your target property against the locality average of ₹10,150 per sq ft in Sector 123 as of June 2026. By observing the appreciation or depreciation trends—such as the 5.61% growth for villas—you can gauge whether a specific project is priced competitively or if it is trending above the local market standard, helping you negotiate more effectively or time your investment.
