Mohali
Sector 124 presents a mature residential landscape in Mohali, currently characterized by a steady price point of ₹8,550 per sq ft for property buyers. Market data indicates a cooling trend from the higher valuations observed throughout the latter half of 2025, providing a more accessible entry for those looking to invest in villa or apartment properties. The region's competitive positioning is further highlighted by its relationship to neighboring sectors, where price variations reflect the distinct appeal of different residential pockets. Investors should note that property categories currently show varied price adjustments, signaling a dynamic market environment where timing and specific property type selection remain critical for value optimization.
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 quarter, indicating a softening in market demand or a correction in seller expectations during this period.
Property prices in Sector 124 have shown a downward trajectory over the last few quarters, with the location rate moving from ₹9,150 per sq ft in September 2025 to ₹7,050 per sq ft by June 2026. This trend suggests a period of price adjustment, which may provide a more favorable entry point for buyers looking to invest in this locality compared to the higher price levels observed in late 2025.
Sector 124 currently commands a higher average asking price of ₹8,550 per sq ft compared to neighbouring areas like Sector 126 (₹5,650 per sq ft), Sector 127 (₹4,600 per sq ft), Sector 99 (₹8,300 per sq ft), and Sector 98 (₹7,900 per sq ft). While Sector 124 has seen a depreciation of 5.21% since the last reporting period, other areas such as Sector 126 have experienced significant appreciation of 27.03%, highlighting the diverse pricing dynamics across the Mohali real estate market.
As of June 2026, villas in Sector 124 are priced at an average of ₹7,050 per sq ft, while apartments are available at an average of ₹4,000 per sq ft. Both segments have experienced depreciation, with villa prices falling by 17.82% and apartment prices by 22.92% compared to the previous period, reflecting a broader correction in the local residential market.
A buyer should view the current price trends in Sector 124 as a market correction phase, evidenced by the decline in average asking prices from ₹9,050 per sq ft in December 2025 to ₹7,050 per sq ft in June 2026. This downward movement suggests that sellers are adjusting their expectations to align with current demand, which can be advantageous for end-users seeking to purchase residential property in a established sector at a more competitive valuation.
