Mohali
The real estate market in Sector 124 presents a unique landscape for potential homeowners and investors, characterized by a current average price of ₹8,550 per sq ft. Recent quarterly trends show a shift in valuation, moving from ₹9,150 in September 2025 to the current level, highlighting the dynamic nature of this residential hub. While villa properties remain a primary focus, the broader locality shows varied demand across different segments. Prospective buyers should observe how these pricing patterns align with the wider Mohali region to identify value-driven opportunities.
The current average asking price in Sector 124 is ₹8,550 per sq ft as of March 2026. This figure reflects a depreciation of 5.21% when compared to the rate in December 2025. Such a downward movement in the average asking price suggests a period of market correction or a shift in supply dynamics within this specific residential villa-focused segment.
Property prices in Sector 124 have shown a downward trajectory over the recent quarters, moving from ₹9,100 per sq ft in June 2025 to ₹8,550 per sq ft as of March 2026. After peaking at ₹9,150 per sq ft in September 2025, the market experienced a gradual decline through December 2025 and into the first quarter of 2026. This trend indicates that buyers may currently find more competitive entry points compared to the mid-2025 market cycle.
Sector 124 currently commands an average asking price of ₹8,550 per sq ft, which positions it as a premium locality when compared to neighbouring sectors. For instance, Sector 126 has an average asking price of ₹5,650 per sq ft, while Sector 127, Sector 99, and Sector 98 are priced at ₹4,600, ₹8,300, and ₹7,900 per sq ft respectively as of March 2026. While Sector 126 saw a significant appreciation of 27.03% from the previous period, Sector 124's price adjustment reflects a distinct market segment primarily driven by villa properties.
As of March 2026, the average asking price for a villa in Sector 124 is ₹8,550 per sq ft, whereas apartments are available at a significantly lower average of ₹4,000 per sq ft. The villa segment has seen a depreciation of 5.21% since December 2025, while the apartment segment has experienced a sharper depreciation of 22.92% over the same period. This variance highlights that the locality is predominantly villa-centric, and the pricing for different property types is reacting differently to current market conditions.
The depreciation of 5.21% in the average asking price of Sector 124 from December 2025 to March 2026 indicates a softening of the market, which may provide a strategic window for end-users looking for value. When evaluating this data, buyers should consider that the locality is highly specialized in villa developments. A price correction of this nature often signals a shift in inventory absorption, making it essential for investors to compare these rates against long-term growth potential and the specific amenities offered by the available projects.
