Mohali
Sector 78 continues to hold a prominent position in the Mohali real estate market, with current valuations averaging ₹22,900 per sq ft. The market has navigated various fluctuations throughout 2025, moving from a high of ₹23,950 in late 2025 to its current level. Rental demand remains consistent across the region, with 2 BHK apartments drawing significant interest at monthly rates of ₹24,500. The broader area, including nearby sectors, shows stable rental yields that continue to attract long-term tenants.
As of March 2026, the average asking price in Sector 78 is ₹22,900 per sq ft. This figure reflects a depreciation of 4.49% compared to the previous period, indicating a market correction in the villa segment, which is the primary property type available in this locality.
Property prices in Sector 78 have shown a fluctuating trajectory over the past year. Starting at ₹22,500 per sq ft in June 2025, the rates rose to ₹23,150 per sq ft in September 2025 and peaked at ₹23,950 per sq ft in December 2025, before settling at the current rate of ₹22,900 per sq ft as of March 2026. This recent downward movement suggests a softening in demand or an adjustment in seller expectations for residential villas in the area.
Property rates in Sector 78, at ₹22,900 per sq ft, sit at a premium compared to many surrounding residential sectors. For instance, Sector 88 offers residential apartments at ₹7,550 per sq ft (which appreciated by 12.11%), Sector 98 at ₹7,900 per sq ft (stable with a 0.05% increase), and Sector 117 at ₹5,150 per sq ft (up by 1.6%). Conversely, luxury-oriented villa sectors like Sector 77 and Sector 79 command higher rates of ₹27,050 per sq ft and ₹26,900 per sq ft respectively, both showing positive appreciation trends.
Rental rates across the broader Mohali region are currently consistent at ₹50 per sq ft in several key areas, including Sector 77, Sector 66 B, Sunny Enclave, and Kharar Landran Road, where rates have remained stable with 0% change. However, some localities have seen rental depreciation; for example, Kharar has experienced a 14.29% decrease, Aerocity a 9.52% decrease, and Sector 127 a 4.55% decrease, all compared to their previous reporting periods. These variations highlight that while the ₹50 per sq ft benchmark is common, market dynamics in specific sectors can lead to significant rental adjustments.
Buyers should view the current villa rate of ₹22,900 per sq ft in Sector 78 as a premium price point within the Mohali residential market. Since the price has depreciated by 4.49% as of March 2026, it may present a more favorable entry point for investors or end-users compared to the peak seen in December 2025. Given that the locality is heavily focused on villa-style living, buyers should prioritize assessing the long-term value of these high-end assets against the more affordable apartment-based sectors nearby.
