Chandigarh
The real estate market in Sector 48 exhibits a dynamic blend of pricing shifts and steady rental demand. Recent quarterly trends show a market navigating through price adjustments, with current valuations settling at ₹17,350 per sq ft after peaking in late 2025. Rental activity provides a stable foundation for the area, catering to diverse tenant needs ranging from compact 1 BHK configurations to spacious 3 BHK residences. While property prices have experienced recent volatility, the consistent rental yields and established infrastructure continue to attract both residents and investors looking for long-term value in Chandigarh.
As of June 2026, the average asking price in Sector 48 is ₹17,350 per sq ft. This figure represents a depreciation of 4.24% compared to the previous period, reflecting a recent adjustment in market pricing for this locality.
The property price trend in Sector 48 has shown movement over the last several quarters, with the average asking price recorded at ₹16,500 per sq ft in June 2026, compared to ₹17,350 per sq ft in March 2026. This trajectory indicates a period of price correction, providing potential buyers with a different entry point compared to the highs seen in December 2025.
Property prices in Sector 48 vary significantly when compared to surrounding areas. For instance, Sector 51 currently commands an average asking price of ₹19,400 per sq ft, which has appreciated by 3.92% over the relevant comparison period, while Sector 49 is priced at ₹15,750 per sq ft, showing a notable appreciation of 15.16%. These variations highlight how specific location attributes and development levels influence real estate rates across these neighbouring sectors.
As of June 2026, the average asking price for apartments in Sector 48 stands at ₹16,500 per sq ft. This rate reflects a depreciation of 5% compared to the previous period, which may be useful for prospective buyers to consider when evaluating their budget against the current market supply.
Rental rates in Sector 48 are segmented by unit size, with 1 BHK apartments currently averaging ₹17,000 per month and 3 BHK apartments averaging ₹35,000 per month as of June 2026. These figures provide a baseline for tenants looking to lease in the area and help landlords understand the current rental demand for different property sizes.
Rental rates in the vicinity of Sector 48 are relatively uniform, with many neighbouring sectors such as Sector 49, Sector 50, and Sector 45 all averaging ₹50 per sq ft. While many of these areas have seen stable rental pricing, some locations have experienced fluctuations; for example, Sector 35 has seen an appreciation of 25% in rental rates, while Sector 33 has seen a depreciation of 9.09% over the relevant comparison period.
A buyer should view the current price trend in Sector 48, which shows an average asking price of ₹16,500 per sq ft as of June 2026, as a signal of market cooling following the higher rates observed in late 2025. By monitoring these quarterly shifts, investors and end-users can better time their purchases to align with periods of price correction or stabilization.
