Mohali
Sector 124 in Mohali presents a distinct residential market characterized by a clear preference for villa properties. Current average prices for these homes stand at ₹8,550 per sq ft, reflecting a quarterly shift as the market adjusts to evolving demand. Investors and homebuyers often compare this sector with neighboring areas like Sector 126 and Sector 127, which offer different pricing structures and property configurations. The local landscape remains dominated by residential offerings, providing a range of options for those prioritizing space and community living in an accessible part of the city.
The average asking price in Sector 124 is ₹8,550 per sq ft as of June 2026. This rate represents a depreciation of 5.21% when compared to the figures recorded in December 2025. Such a trend suggests a period of market correction or softening demand for residential villas in this specific locality.
Property prices in Sector 124 have shown a downward trajectory in recent quarters. Data indicates that the average asking price stood at ₹9,150 per sq ft in September 2025, dipped to ₹9,050 per sq ft in December 2025, and further adjusted to ₹8,550 per sq ft by March 2026. This consistent movement highlights a cooling phase in the local real estate market, which may provide a more favorable entry point for prospective buyers compared to the previous year.
Sector 124 currently commands a premium average asking price of ₹8,550 per sq ft compared to several surrounding areas. For instance, Sector 126 is priced at ₹5,650 per sq ft, Sector 127 at ₹4,600 per sq ft, Sector 99 at ₹8,300 per sq ft, and Sector 98 at ₹7,900 per sq ft. While Sector 124 is at a higher price point, investors should note that nearby sectors like Sector 126 have seen significant appreciation of 27.03% in the same period, indicating diverse growth patterns across the region.
In Sector 124, villas are currently the primary segment, commanding an average price of ₹8,550 per sq ft as of June 2026, which reflects a depreciation of 5.21% since December 2025. In contrast, apartments in the same locality are priced at an average of ₹4,000 per sq ft, showing a more pronounced depreciation of 22.92% over the same period. This significant price gap highlights that the market in Sector 124 is heavily skewed toward villa-style living, with apartment valuations experiencing a sharper adjustment.
A buyer should view the current price trends in Sector 124 as a period of market stabilization. With the average asking price at ₹8,550 per sq ft as of June 2026, the 5.21% depreciation observed since December 2025 indicates that sellers may be more flexible, or that the market is adjusting to supply-side dynamics. Prospective buyers can use this data to negotiate better deals, as the price trajectory suggests that the market is not currently in a high-growth, aggressive appreciation phase.
