Property Rates in Sector 124, Mohali

Sector 124 in Mohali offers a varied real estate market, currently characterized by an average asking price of ₹3,988 per sq ft. This figure is primarily influenced by the apartment segment, which has experienced a substantial price reduction recently. Despite this, the market lacks specific data on property registrations, making it challenging to gauge transaction volumes and overall market liquidity. Analyzing the price trends, Sector 124 witnessed a significant peak in property rates around September 2025, reaching ₹5,174 per sq ft. However, this was followed by a sharp decline, settling at ₹3,988 per sq ft by December 2025. This recent correction suggests a period of market adjustment or increased supply. When compared to its immediate vicinity, Sector 124 stands out for its relative affordability. Its current average rate of ₹3,988 per sq ft is lower than neighboring Sector 125 (₹4,597 per sq ft), Sector 126 (₹4,455 per sq ft), and Sector 127 (₹4,552 per sq ft). More established areas like Sector 99 (₹8,220 per sq ft) and Sector 98 (₹7,913 per sq ft) command significantly higher prices, positioning Sector 124 as a more accessible entry point into the Mohali market. The property types available in Sector 124 cater to different preferences. Villas represent the luxury segment, averaging ₹9,116 per sq ft and showing a marginal increase of 0.91%. In contrast, apartments, which align with the overall market average, have seen a considerable price drop of -22.92%. Information regarding property status, top projects, and leading developers is not available, which could impact comprehensive market analysis.