Chandigarh
The real estate market in Sector 22 shows consistent demand, with average property rates holding steady at ₹36,150 per sq ft. Recent quarterly trends indicate a balanced environment, as the market navigates shifts in valuation while maintaining its appeal for residential buyers. Rental activity provides an additional layer of market depth, particularly within the commercial office space sector which commands significantly higher rates than the residential apartment segment. The local market dynamics are further shaped by the performance of nearby sectors, creating a competitive yet interconnected regional landscape.
As of June 2026, the average asking price in Sector 22 is ₹36,150 per sq ft. This rate has appreciated by 0.24% compared to the previous period, reflecting a stable demand environment for residential villas in this locality.
Property prices in Sector 22 have shown a fluctuating trajectory over the last year. While the average rate stood at ₹32,650 per sq ft in September 2025, it rose to ₹37,450 per sq ft by December 2025, before adjusting to ₹36,100 per sq ft in March 2026 and reaching ₹36,150 per sq ft as of June 2026.
The rental yield in Sector 22 is currently 0.70% as of June 2026. This figure represents the annual rental income relative to the capital investment in property, suggesting that the market is currently driven more by capital appreciation potential than immediate high rental income returns for residential investors.
As of June 2026, rental rates in Sector 22 vary by unit size, with 2 BHK apartments commanding an average rent of ₹19,250 per month, while 3 BHK apartments are available at an average of ₹45,000 per month. These rates provide prospective tenants with clear benchmarks for budgeting based on their space requirements.
Rental rates in many surrounding areas, such as Sector 35, Sector 36, and Sector 37, currently sit at a uniform ₹50 per sq ft as of June 2026. While Sector 22 has seen a significant depreciation in its average rental rate of 78.57% compared to the previous period, neighbouring sectors like Sector 35 have experienced a 25% appreciation in rental rates, indicating varied demand dynamics across the city's micro-markets.
Villa prices in Sector 22, currently at ₹36,150 per sq ft as of June 2026, sit in the mid-to-high range compared to other parts of Chandigarh. For instance, Sector 28 has seen a significant 16.87% appreciation, reaching ₹43,800 per sq ft, while more affordable options like Sector 49 are priced at ₹18,300 per sq ft, which represents a 16.14% appreciation from the previous period.
As of June 2026, the average rental rate for office spaces in Sector 22 is ₹100 per sq ft. This rate has appreciated by 1.03% compared to the previous period, reflecting a steady interest in commercial leasing within this locality.
