Chandigarh
Sector 22 continues to be a premium residential destination in Chandigarh, characterized by its consistent villa pricing and robust rental demand. The market has demonstrated stability, with current property rates holding steady at ₹36,100 per sq ft. Rental activity remains a key highlight, as the area offers a competitive rental yield of 3.26% for residential properties. Office spaces also contribute to the local economy, maintaining an average rental rate of ₹100 per sq ft.
As of June 2026, the average asking price in Sector 22 is ₹36,100 per sq ft. This figure reflects a depreciation of 3.66% compared to the previous period, indicating a recent market adjustment in this residential villa-focused locality.
Property rates in Sector 22 have shown a mixed trajectory over the past year. While the location rate was ₹32,650 per sq ft in September 2025, it rose to ₹37,450 per sq ft by December 2025, before settling at ₹36,150 per sq ft as of June 2026. This fluctuation suggests a dynamic market environment where demand and supply factors are actively influencing price discovery.
Property rates in Sector 22, currently at ₹36,100 per sq ft, sit in the mid-to-high range when compared to surrounding areas. For instance, Sector 34 commands a higher average of ₹44,700 per sq ft (which has appreciated by 6.22%), while Sector 32 is more accessible at ₹29,350 per sq ft, despite having seen a depreciation of 7.38%. Investors and buyers should note these variations, as sectors like Sector 36 have seen significant appreciation of 10.83%, reaching ₹42,550 per sq ft.
As of June 2026, the average price for a villa in Sector 22 is ₹36,150 per sq ft. This rate has seen a marginal appreciation of 0.24% compared to the previous period, reflecting stable demand for this specific property type within the locality.
As of June 2026, the average rental rate in Sector 22 is ₹98 per sq ft, which has appreciated by 1.03% compared to the previous period. The current rental yield stands at 3.26%, providing a clear benchmark for investors evaluating the income-generating potential of residential assets in this sector relative to their capital purchase price.
Rental rates in Sector 22 vary by unit size, with 2 BHK apartments averaging ₹19,250 per month and 3 BHK apartments averaging ₹40,750 per month as of June 2026. These figures help prospective tenants understand the monthly budget required for different living spaces, while also assisting landlords in positioning their properties competitively within the local market.
Rental rates across various Chandigarh sectors are currently clustered around ₹50 per sq ft. While Sector 22 commands a premium at ₹98 per sq ft, other areas like Sector 35, Sector 37, and Sector 40 have shown varying rental performance; for instance, Sector 35 saw a significant rental appreciation of 25%, whereas Sector 33 experienced a depreciation of 9.09% as of June 2026.
As of June 2026, office spaces in Sector 22 are available at an average rental rate of ₹100 per sq ft. This rate has appreciated by 1.03% compared to the previous period, signaling steady interest in commercial leasing within the area.
Buyers should use the June 2026 data as a baseline for negotiation and market assessment. By observing the 3.66% depreciation in the overall asking price alongside specific trends in villa pricing, buyers can identify whether they are entering the market during a correction phase. Always compare these locality-level averages with specific project listings to ensure the price aligns with the property's actual condition and amenities.
