Mohali
The real estate market in Sector 124 presents a dynamic landscape for potential buyers and investors. Price trends have shown fluctuations over the past year, with current asking prices settling at ₹7,150 per sq ft. The rental market across nearby zones like Kharar Road, Sas Nagar, and Mullanpur remains stable, with average rental rates holding at ₹50 per sq ft. This consistency provides a reliable baseline for those looking to invest in rental properties.
As of June 2026, the average asking price in Sector 124 stands at ₹7,150 per sq ft. This figure reflects a market depreciation of 16.77% when compared to the previous assessment period. Such a downward movement in the average asking price suggests a period of market correction or softening demand for residential villas in this locality.
The property price trend in Sector 124 has shown a downward trajectory over the last few quarters. As of June 2026, the location rate is ₹7,150 per sq ft, down from ₹8,550 per sq ft in March 2026 and ₹9,050 per sq ft in December 2025. This consistent decline from the peak of ₹9,150 per sq ft observed in September 2025 indicates that buyers currently have more leverage in negotiations compared to previous quarters.
Property prices in Sector 124, which average ₹7,150 per sq ft as of June 2026, sit in the mid-to-high range compared to surrounding areas. For context, neighbouring areas like Sector 115 and Sector 123 offer more accessible entry points at ₹4,050 per sq ft and ₹4,200 per sq ft respectively, while premium pockets like Sunny Enclave command higher rates at ₹9,300 per sq ft. Investors should note that while Sector 124 has seen a depreciation of 16.77%, areas like Sector 115 have experienced significant appreciation of 16.16% from the prior period, highlighting the diverse performance of the local real estate market.
As of June 2026, villas in Sector 124 are priced at an average of ₹7,150 per sq ft, whereas apartments are available at a lower average of ₹4,000 per sq ft. The villa segment has seen a depreciation of 16.77% compared to the previous period, while the apartment segment has experienced a more pronounced depreciation of 22.92%. This data indicates that both primary property types in the locality have undergone a significant pricing adjustment over the recent term.
Rental rates in the broader vicinity of Sector 124 remain stable at ₹50 per sq ft across several key locations as of June 2026. Neighbourhoods including Kharar Road, Sas Nagar, Sector 88, and Mullanpur all report an average rental rate of ₹50 per sq ft. This consistency across multiple micro-markets indicates a uniform rental demand profile in the region, with no appreciation or depreciation recorded in these specific areas over the observed timeframe.
Investors looking at the region surrounding Sector 124 should note that rental rates are currently holding steady at ₹50 per sq ft as of June 2026. While specific rental yield data is currently unavailable, the stability in rental pricing across neighbouring hubs like Mullanpur and Sas Nagar suggests a predictable income environment for landlords. Prospective investors should weigh these stable rental returns against the recent capital depreciation observed in the local sale market to determine the long-term viability of their investment.
