Mohali
Sector 124 in Mohali presents a dynamic real estate environment characterized by recent price adjustments and a diverse range of residential options. The market has experienced a transition from highs recorded in late 2025 toward the current average of ₹8,550 per sq ft. Rental demand in the broader region remains stable, with several neighboring localities consistently commanding rates around ₹50 per sq ft. This stability in the rental segment provides a steady outlook for property owners despite the fluctuations observed in capital values for specific residential types.
As of June 2026, the average asking price in Sector 124 is ₹8,550 per sq ft. This figure reflects a depreciation of 5.21% compared to the previous period, suggesting a current market adjustment in this locality.
Property prices in Sector 124 have shown a fluctuating trajectory over the last few quarters. As of June 2026, the location rate stands at ₹7,050 per sq ft, following a rate of ₹8,550 per sq ft in March 2026, ₹9,050 per sq ft in December 2025, and ₹9,150 per sq ft in September 2025. This downward movement in the location rate over the past year indicates a softening in demand or an increase in available supply within the area.
Property prices in the vicinity of Sector 124 vary significantly across different Mohali neighbourhoods. As of June 2026, Sector 89 commands a premium at ₹28,900 per sq ft (which has appreciated by 10.21% over the observed period), while Sector 121 is priced at ₹8,950 per sq ft (appreciating by 11.29%). Conversely, more affordable options are available in areas like Sector 115 at ₹3,500 per sq ft (depreciating by 4.01%) and Sector 127 at ₹4,600 per sq ft (appreciating by 5.15%).
In Sector 124, villas currently command a higher price point than apartments as of June 2026. The average asking price for villas is ₹7,050 per sq ft, which has seen a depreciation of 17.82% compared to the previous period. Meanwhile, apartments are priced at an average of ₹4,000 per sq ft, reflecting a depreciation of 22.92% over the same timeframe.
Rental rates in the neighbourhoods surrounding Sector 124 remain consistent across several key areas. As of June 2026, localities including Kharar Road, Sas Nagar, Sector 88, Mullanpur, and Sector 82 all maintain an average rental rate of ₹50 per sq ft. These rates have remained stable with a change percentage of 0% over the observed period, indicating a period of rental price equilibrium in these parts of Mohali.
