- Home
- Chandigarh
- Sector 23
- Property Rates in Sector 23
Property Rates in Sector 23, Chandigarh
Comprehensive Market Snapshot
Property rates in Sector 23, Chandigarh average ₹32,450 per sq ft, showing a positive trend with a 4.55% increase in villa prices. The micromarket rate has seen significant growth, rising from ₹25,350 in June 2025 to ₹32,450 by March 2026. Notably, Sector 22 villas are priced at ₹36,100 per sq ft, experiencing a slight dip.
- Asking Sale Price₹ 32,450 /sq.ft
Insights for Sector 23, Chandigarh Real Estate Market
Sector 23, Chandigarh's real estate market is currently priced at an average of ₹32,450 per sq ft for villas, which have seen a positive year-on-year change of 4.55%. The quarterly price trend indicates steady growth, with the location rate climbing from ₹25,350 in June 2025 to ₹32,450 by March 2026, while the micromarket rate has shown an even stronger upward trajectory, reaching ₹39,050 in March 2026. The rental market offers a 2 BHK apartment at an average of ₹24,600 per month. Neighboring areas like Sector 22 command an average rate of ₹36,100 per sq ft for residential villas, though it has seen a marginal decrease of 3.66%. Meanwhile, Sector 36 shows a robust 10.83% year-on-year increase for villas, with an average rate of ₹42,550 per sq ft.
- Villas in Sector 23 have experienced a notable 4.55% increase in average price.
- The micromarket rate in Sector 23 has shown significant upward momentum, rising from ₹25,350 in June 2025 to ₹32,450 in March 2026.
- Sector 36 stands out with a strong 10.83% year-on-year growth in villa prices, averaging ₹42,550 per sq ft.
- A 2 BHK apartment in Sector 23 is available for rent at an average of ₹24,600 per month.
- Sector 22, a nearby micro-market, has seen a slight decrease of 3.66% in its average villa rate, currently standing at ₹36,100 per sq ft.
Property Valuation Comprehensive assessment of your property's current worth in the current market
Property Price Trends in Sector 23, Chandigarh
The property market in Sector 23, Chandigarh, has witnessed a positive price trajectory over the recent quarters. The location rate for properties has climbed from ₹25,350 per sq ft in June 2025 to ₹32,450 per sq ft by March 2026. Concurrently, the micromarket rate has shown substantial growth, increasing from ₹31,050 in December 2025 to ₹39,050 in March 2026.
Sector 23, Chandigarh, presents a varied landscape of property values across its micro-markets. Nearby Sector 22, known for its residential villas, averages ₹36,100 per sq ft, albeit with a recent 3.66% decline. In contrast, Sector 36 showcases a strong upward trend for villas, commanding ₹42,550 per sq ft with a significant 10.83% year-on-year increase. Sector 35 offers residential villas at ₹34,150 per sq ft, marking a 5.96% rise, while Sector 38's villas are priced at ₹36,900 per sq ft, also showing positive growth.
Property Rental Trends in Sector 23, Chandigarh
Rental rates across Chandigarh's micro-markets show varied performance, with Sector 38 experiencing a significant 35% year-on-year increase in average rental rates, reaching ₹50 per sq ft. Manimajra, however, has seen a notable decrease of 25% in its average rental rate, now standing at ₹50 per sq ft. Many other sectors, including Sector 36, Sector 35, Sector 37, Sector 33, Sector 40, Sector 44, Sector 49, and Sector 13, maintain an average rental rate of ₹50 per sq ft with no reported year-on-year change.
FAQs about Property Rates in Sector 23, Chandigarh
As of March 2026, the average asking price in Sector 23, Chandigarh is ₹32,450 per sq ft. This represents an appreciation of 4.55% from the previous period, indicating a positive trend in property values within the locality. The market overview also notes that the property type predominantly available is Villa, with a listing count of 2.
Property rates in Sector 23, Chandigarh have shown an upward trend over the past year, based on available data up to March 2026. The average location rate was ₹25,350 per sq ft in June 2025, which increased to ₹31,050 per sq ft by December 2025, and further to ₹32,450 per sq ft as of March 2026. This consistent appreciation suggests growing demand or limited supply in the area.
As of March 2026, the average asking price in Sector 23, Chandigarh stands at ₹32,450 per sq ft. This is lower than the micromarket average of ₹39,050 per sq ft for the same period. The micromarket rate has appreciated by 2.54% from December 2025 to March 2026, while Sector 23's rate saw a larger appreciation of 4.55% over the same timeframe.
As of March 2026, the average price for villas in Sector 23, Chandigarh is ₹32,450 per sq ft. This property type has experienced a notable appreciation of 4.55% over the recent period, reflecting its demand in the locality. The data indicates that villas are the primary residential property type available in Sector 23.
Property rates vary significantly across sectors near Sector 23, Chandigarh. For instance, Sector 36 has an average rate of ₹42,550 per sq ft, appreciating by 10.83% as of March 2026. In contrast, Sector 40 shows an average rate of ₹26,300 per sq ft, with a depreciation of 4.13%. Sector 22, a neighbouring area, has an average rate of ₹36,100 per sq ft, which has depreciated by 3.66%.
Rental rates in micromarkets surrounding Sector 23, Chandigarh, are generally around ₹50 per sq ft as of March 2026, with some experiencing changes. For example, Sector 38 has seen a significant appreciation in rental rates, increasing by 35% from the previous period, while Manimajra has experienced a depreciation of 25%. Other micromarkets like Sector 36, Sector 35, and Sector 37 show stable rental rates with no change percentage reported.
As of March 2026, the average rental rate for a 2 BHK apartment in Sector 23, Chandigarh, is ₹24,600 per month. This figure provides a clear indication of the monthly rental cost for this specific property configuration in the locality, which can be valuable for tenants and property owners alike.
Rental rates in micromarkets near Sector 23, Chandigarh, are largely consistent at ₹50 per sq ft as of March 2026, although some areas show significant movement. Sector 38 has seen a substantial 35% increase in rental rates, indicating rising demand or reduced supply in that specific area. Conversely, Manimajra has experienced a 25% decrease in rental rates, suggesting a potential shift in market dynamics.
The price trend for Sector 23, Chandigarh, suggests a positive outlook for property investment, with consistent appreciation observed up to March 2026. The average location rate increased from ₹25,350 per sq ft in June 2025 to ₹32,450 per sq ft in March 2026, a significant rise. This upward trajectory, coupled with a 4.55% appreciation in the most recent period, indicates growing market value and potential for capital gains.
