Mohali
The real estate market in Sector 123 is currently characterized by steady growth, with average property prices reaching ₹4,200 per sq ft. Recent quarterly trends indicate a positive movement in values, signaling increased confidence among buyers. Rental demand remains stable across the wider Mohali region, with key areas like Mullanpur and Sector 88 maintaining consistent rental rates. This stability provides a predictable environment for those looking to capitalize on rental yields or long-term capital appreciation.
The average asking price in Sector 123 is ₹4,200 per sq ft as of June 2026. This figure reflects an appreciation of 9.73% compared to the previous period, signaling a positive shift in market demand for residential apartments in this area.
Property prices in Sector 123 have shown a fluctuating trajectory, with the average asking price reaching ₹4,200 per sq ft in June 2026, up from ₹3,800 per sq ft in March 2026. Prior to this, the market saw a peak of ₹5,200 per sq ft in December 2025, followed by ₹4,750 per sq ft in September 2025, indicating that the market is currently in a recovery phase after a period of price correction.
Property prices vary significantly across the vicinity of Sector 123, with Sunny Enclave commanding a premium at ₹9,300 per sq ft, despite a depreciation of 1.92%. In contrast, more affordable options are available in Sector 115 at ₹4,050 per sq ft, which has seen a notable appreciation of 16.16% from the prior period, and Kharar Road at ₹4,300 per sq ft, which appreciated by 1.7%.
As of June 2026, apartments in Sector 123 are priced at an average of ₹4,200 per sq ft, having appreciated by 9.73% compared to the previous period. Villas, meanwhile, are priced significantly higher at ₹9,550 per sq ft, though they have experienced a depreciation of 6.28% over the same timeframe, suggesting a shift in buyer preference or supply dynamics between these two property types.
Rental rates across neighbourhoods near Sector 123, including Kharar Road, Sas Nagar, Mullanpur, and Sector 88, are currently consistent at ₹50 per sq ft as of June 2026. These rental rates have remained stable with a 0% change, indicating a balanced rental market where supply and demand have reached a steady equilibrium across these specific locations.
Investors looking at the region surrounding Sector 123 will note that rental rates are currently uniform at ₹50 per sq ft across key areas like Mullanpur and Sas Nagar as of June 2026. Since these rates have shown 0% change, the rental market currently offers stability rather than rapid growth, which is a critical factor for investors prioritizing consistent income over short-term capital appreciation in the rental segment.
