Mohali
Sector 124 in Mohali presents a diverse real estate landscape characterized by varying price points and property types. Recent trends indicate that while residential villa prices have experienced shifts, the overall market remains active for both investors and homebuyers. Rental opportunities in surrounding areas like Kharar Road and Sector 82 maintain a consistent rate of ₹50 per sq ft, offering stable returns for landlords. The area continues to attract interest due to its strategic connectivity and ongoing development projects.
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 reporting period, indicating a recent market adjustment in the locality.
Property prices in Sector 124 have shown a fluctuating trajectory throughout the recent 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 trend in the location rate over the past year suggests a period of price correction within the local residential market.
As of June 2026, villas in Sector 124 are priced at an average of ₹7,050 per sq ft, while apartments command an average of ₹4,000 per sq ft. Both segments have experienced depreciation; villa prices have depreciated by 17.82% and apartment prices have depreciated by 22.92% compared to the prior period, reflecting a broader softening of demand across both property types in the area.
Property rates in the vicinity of Sector 124 vary significantly across different Mohali neighbourhoods. As of June 2026, Sunny Enclave leads with an average asking price of ₹9,500 per sq ft (reflecting an appreciation of 4.68%), followed by Sector 121 at ₹8,950 per sq ft (an appreciation of 11.29%). In contrast, more affordable options are available in areas like Sector 115 at ₹3,500 per sq ft, which has seen a depreciation of 4.01%.
Rental rates in the neighbourhoods surrounding Sector 124 have remained stable as of June 2026. Areas such as Kharar Road, Sas Nagar, Mullanpur, and Sector 82 all currently command an average rental rate of ₹50 per sq ft. This stability, with a change percentage of 0% across these locations, indicates a consistent rental market environment in the broader Mohali region.
