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Mohali
The real estate market in Sector 88 has demonstrated consistent growth, with average property rates climbing from ₹6,750 per sq ft in late 2025 to a steady ₹7,650 per sq ft by September 2026. This upward trajectory highlights the increasing demand for residential apartments, supported by a mix of new launch projects and established inventory. Rental activity remains active, with investors seeing a rental yield of 2.82% and monthly rents for 3 BHK units reaching ₹37,650. The area continues to attract interest as a primary residential hub in Mohali due to its well-planned development and proximity to major infrastructure.
As of Sep 2026, the average asking price in Sector 88 is ₹7,650 per sq ft. This rate has shown a marginal appreciation of 0.34% compared to the previous period, reflecting a stable and steady demand for residential apartments in this locality.
Property prices in Sector 88 have followed an upward trajectory throughout 2026. Starting from ₹6,750 per sq ft in Dec 2025, the rates climbed to ₹7,550 per sq ft by Mar 2026 and have since stabilized at ₹7,650 per sq ft as of Sep 2026. This consistent growth indicates a resilient market environment for both end-users and long-term investors.
Property rates in Sector 88, currently at ₹7,650 per sq ft, are positioned competitively when compared to surrounding areas. For instance, Sector 89 commands a significantly higher average rate of ₹32,050 per sq ft, having appreciated by 4.74%, while Sector 77 sits at ₹12,150 per sq ft with a 3.21% appreciation. Conversely, areas like Sector 79 have seen a depreciation of 4.7% to reach an average of ₹9,100 per sq ft, highlighting the diverse pricing landscape across Mohali's various sectors.
As of Sep 2026, New Launch projects in Sector 88 are priced at an average of ₹8,900 per sq ft. This represents a premium over the general market average of ₹7,650 per sq ft for existing apartments. The pricing for these new launches has remained stable with 0% change, suggesting that developers are maintaining current entry points to attract buyers in the evolving market.
As of Sep 2026, the average rental rate in Sector 88 is ₹18 per sq ft, which has seen a depreciation of 10% compared to the previous period. The current rental yield stands at 2.82%, a key metric for investors to evaluate the income potential of their property relative to the capital investment required for purchase.
Tenants looking for residential space in Sector 88 can expect average monthly rents of ₹29,750 for a 2 BHK apartment and ₹37,650 for a 3 BHK apartment as of Sep 2026. These figures provide a clear benchmark for both landlords setting competitive lease prices and prospective tenants planning their housing budgets in this locality.
Rental rates for apartments in Sector 88 currently average ₹50 per sq ft, which reflects a 10% depreciation as of Sep 2026. In comparison, neighbouring areas such as Sector 82, Kharar Road, and Sector 82 A all command a higher average rental rate of ₹50 per sq ft. While Sector 82 experienced a 7.41% depreciation, rates in Kharar Road and Sector 82 A have remained stable with 0% change over the same period.
As of Sep 2026, Noble Aurellia and Noble Magnollia are among the prominent projects in Sector 88. Noble Aurellia is listed at ₹9,700 per sq ft, while Noble Magnollia is listed at ₹8,100 per sq ft. Both projects have maintained stable pricing with 0% change, reflecting a consistent valuation strategy within the local residential market.
Investors should view the price movement in Sector 88 as a sign of steady growth, with the average asking price rising from ₹6,750 per sq ft in Dec 2025 to ₹7,650 per sq ft by Sep 2026. The moderate appreciation of 0.34% in the latest quarter suggests a balanced market where demand is keeping pace with supply, making it a potentially stable choice for those seeking long-term capital appreciation rather than speculative short-term gains.
