Chandigarh
The real estate market in Sector 15 has shown consistent upward momentum, with property rates climbing to an average of ₹41,900 per sq ft. This growth is supported by a robust villa segment that continues to attract significant interest from buyers looking for high-quality residential space. Meanwhile, the rental market remains active, with 3 BHK apartments currently commanding an average monthly rent of ₹61,250. This balance between capital appreciation and rental income potential highlights the area's status as a top-tier investment destination within Chandigarh.
As of September 2026, the average asking price in Sector 15 is ₹41,900 per sq ft. This figure reflects an appreciation of 2.43% compared to the previous quarter, indicating a steady demand for residential villas in this locality.
Property prices in Sector 15 have shown an upward trajectory throughout 2026. The average asking price rose from ₹37,350 per sq ft in March 2026 to ₹40,900 per sq ft in June 2026, and further to ₹41,900 per sq ft by September 2026. This consistent growth suggests a resilient market environment for property owners in the area.
Sector 15, with an average asking price of ₹41,900 per sq ft, sits in a mid-to-high range compared to its neighbours. For instance, Sector 10 and Sector 18 command higher rates at ₹47,900 per sq ft and ₹47,300 per sq ft respectively, while Sector 19 is more accessible at ₹33,300 per sq ft. Investors should note that Sector 8 has seen a depreciation of 6.61% recently, whereas Sector 18 has experienced an appreciation of 2.59%, reflecting diverse market dynamics across these localities.
Rental rates across various sectors in Chandigarh are currently uniform at ₹50 per sq ft, though the growth trends differ significantly. For example, Sector 18 has seen a notable rental appreciation of 24.14%, and Sector 20 has appreciated by 15.79%. Conversely, areas like Sector 33 have seen a rental depreciation of 10%, and Manimajra has experienced a 5.26% decline, highlighting that rental performance varies by specific location demand.
The residential market in Sector 15 is currently dominated by villas. As of September 2026, the average asking price for these villas is ₹41,900 per sq ft, which has appreciated by 2.43% over the recent period, reflecting a strong preference for this property type in the locality.
A potential buyer should view the consistent quarterly price growth in Sector 15 as a sign of market stability and sustained interest. With the average asking price moving from ₹36,150 per sq ft in December 2025 to ₹41,900 per sq ft in September 2026, the data indicates that the locality remains a sought-after destination, which may influence future resale values.
