Property Rates in South Mullanpur, Chandigarh 2026
Property rates in South Mullanpur average ₹8,350 per sq ft. Market trends show a notable recovery from late 2025, when rates were lower, reflecting growing buyer interest in this region of Chandigarh. The locality is anchored by premium residential projects like DLF Hyde Park, which commands ₹9,100 per sq ft, while the rental market offers varied options for tenants, with 3 BHK apartments averaging ₹28,950 per month, highlighting the area's strong residential appeal.
Insights for South Mullanpur, Chandigarh Real Estate Market Overview
South Mullanpur is witnessing a steady evolution in its property landscape, characterized by a mix of established residential projects and active development sites. Prices have climbed from their 2025 lows, signaling increased confidence among home seekers and investors alike. The rental sector remains vibrant, catering to diverse needs with apartment units ranging from 2 BHK to 4 BHK configurations. While the market balances various development stages, the presence of premium ready-to-move options continues to drive the local price benchmark.
Current average asking prices for residential units stand at ₹8,350 per sq ft.
Ready-to-move projects in the area average ₹9,100 per sq ft, indicating a premium for immediate occupancy.
DLF Hyde Park has seen an 11.41% increase in its listing rates, reaching ₹9,100 per sq ft.
Rental demand is robust, with 3 BHK apartments commanding an average monthly rent of ₹28,950.
Mid-stage projects offer a more accessible entry point at ₹7,950 per sq ft, showing a 4.8% growth trend.
Market Strengths
Consistent upward price trends observed from September 2025 to June 2026.
Diverse rental portfolio ranging from 2 BHK to 4 BHK apartments.
Strong performance of premium projects like DLF Hyde Park with 11.41% growth.
Steady demand for mid-stage projects showing a 4.8% increase in value.
Competitive rental yields supported by high rental demand for 3 BHK and 4 BHK units.
Market Challenges
Apartment property types have seen a -2.95% change in average pricing.
Villa segment rates have experienced a -12.21% change, reflecting market volatility.
Ready-to-move units have seen a slight -0.93% adjustment in average price.
Investment Opportunities
Mid-stage projects offer growth potential with a current rate of ₹7,950 per sq ft.
The 3 BHK rental segment provides consistent returns with average monthly rents of ₹28,950.
Ready-to-move apartments at ₹9,100 per sq ft cater to high-demand immediate housing needs.
Growth in project listing rates like DLF Hyde Park suggests strong capital appreciation potential.
Top Localities in South Mullanpur, Chandigarh
North Kharar
Avg Price₹ 5,350 /Sq.Ft.
LISTINGS
619
New Chandigarh
Avg Price₹ 9,850 /Sq.Ft.
Avg Rent₹ 15 /Sq.Ft.
YIELD
+ 1.83
LISTINGS
74
Central Kharar
Avg Price₹ 4,200 /Sq.Ft.
LISTINGS
8
South Kharar
Avg Price₹ 4,950 /Sq.Ft.
LISTINGS
1
Price Trend
South Mullanpur, Chandigarh Property Price Trends and Appreciation
Property rates in South Mullanpur have shown a dynamic shift over the recent quarters. Starting at ₹7,600 per sq ft in September 2025, values appreciated to ₹7,750 by the end of that year. The upward trajectory continued into 2026, reaching a peak of ₹8,350 per sq ft in March, before settling at a stable ₹8,100 per sq ft by June 2026.
The surrounding micromarkets of Chandigarh offer a wide spectrum of pricing, positioning South Mullanpur as a competitive residential hub. Sector 38 commands a significant premium at ₹36,900 per sq ft, while Sector 40 also remains high at ₹26,300 per sq ft. In contrast, Mohali Sector 127 offers a more accessible entry point at ₹4,900 per sq ft, and Mohali Sector 115 stands at ₹5,050 per sq ft. These variations allow investors to select locations based on their specific budget and lifestyle requirements.
South Mullanpur's real estate market caters to diverse preferences across property categories. Villas currently average ₹18,850 per sq ft, reflecting their premium status, while apartments are priced at ₹8,100 per sq ft, experiencing a -2.95% change. This segmentation allows buyers to choose between the exclusivity of independent villas and the community-focused living of modern apartments.
The South Mullanpur market offers properties across various development stages to suit different buyer timelines. Ready-to-move inventory averages ₹9,100 per sq ft, appealing to those seeking immediate possession. Mid-stage projects offer a compelling opportunity at ₹7,950 per sq ft, reflecting a 4.8% growth that indicates steady progress and buyer demand.
Project & Developer Insights
Top Residential Projects and Developers in South Mullanpur
Top Developersin South Mullanpur
DLF leads in South Mullanpur with 6 projects and 70 years of experience.
Premium residential developments in South Mullanpur are setting high-value benchmarks. DLF Hyde Park leads the segment, priced at ₹9,100 per sq ft with a notable 11.41% increase. Omaxe The Resort follows at ₹7,950 per sq ft, showing a 4.8% growth, while DLF Hyde Park Terraces is positioned at ₹3,750 per sq ft, providing a different entry point into the local luxury market.
Project Name
Rate (₹/Sq.Ft)
Change %
Omaxe The Resort, South Mullanpur
19
-
Omaxe The Resort stands out as a key project in the rental market, with current rental rates at ₹19 per sq ft, providing a specific benchmark for tenants looking in South Mullanpur.
Rental Trends
Rental Trends and Average Rent in South Mullanpur, Chandigarh
The rental market in South Mullanpur offers varied options, with 2 BHK apartments averaging ₹22,650 per month. For those requiring more space, 3 BHK units are available at an average of ₹28,950 per month, while 4 BHK apartments command a monthly rent of ₹32,000. Rental rates across the region remain highly competitive, with areas like North Mullanpur, New Chandigarh, and Mullanpur all averaging ₹50 per sq ft. Other sectors like Sector 35 and Sector 37 have shown significant rental growth, highlighting the broader appeal of the Chandigarh vicinity to tenants. Omaxe The Resort stands out as a key project in the rental market, with current rental rates at ₹19 per sq ft, providing a specific benchmark for tenants looking in South Mullanpur.
The rental market in South Mullanpur offers varied options, with 2 BHK apartments averaging ₹22,650 per month. For those requiring more space, 3 BHK units are available at an average of ₹28,950 per month, while 4 BHK apartments command a monthly rent of ₹32,000.
Rental rates across the region remain highly competitive, with areas like North Mullanpur, New Chandigarh, and Mullanpur all averaging ₹50 per sq ft. Other sectors like Sector 35 and Sector 37 have shown significant rental growth, highlighting the broader appeal of the Chandigarh vicinity to tenants.
Frequently Asked Questions About Property Rates in South Mullanpur, Chandigarh
What is the current average asking price in South Mullanpur?
As of June 2026, the average asking price in South Mullanpur is ₹8,350 per sq ft. This figure reflects a market appreciation of 7.56% compared to the previous period, indicating a positive trajectory in property valuation within this locality.
How have property rates in South Mullanpur trended recently?
Property rates in South Mullanpur have shown a fluctuating trend over the past year. As of June 2026, the location rate stands at ₹8,100 per sq ft, following a peak of ₹8,350 per sq ft in March 2026. This movement from ₹7,750 per sq ft in December 2025 to the current level suggests a dynamic market adjusting to supply and demand shifts.
What is the price difference between villas and apartments in South Mullanpur?
As of June 2026, villas in South Mullanpur command a significantly higher average price of ₹18,850 per sq ft, which has seen a depreciation of 12.21% compared to the prior period. In contrast, apartments are priced at an average of ₹8,100 per sq ft, experiencing a more modest depreciation of 2.95% over the same timeframe.
How do property rates compare between Ready To Move and Mid Stage projects in South Mullanpur?
As of June 2026, Ready To Move projects in South Mullanpur are priced at ₹9,100 per sq ft, reflecting a slight depreciation of 0.93% from the previous period. Meanwhile, Mid Stage projects are currently priced at ₹7,950 per sq ft, which represents an appreciation of 4.8% compared to the prior period, signaling growing investor interest in under-construction assets.
What are the rental rates for different apartment sizes in South Mullanpur?
Rental rates in South Mullanpur vary by unit size as of June 2026. A 2 BHK apartment typically rents for ₹22,650 per month, while 3 BHK units average ₹28,950 per month. For those seeking larger spaces, 4 BHK apartments command an average monthly rent of ₹32,000.
Which projects in South Mullanpur are currently leading in terms of rental rates?
Omaxe The Resort is a prominent project in South Mullanpur for renters, with a current rental rate of ₹19 per sq ft as of June 2026. This rate has remained stable with a 0% change, providing consistent rental options for those looking to reside in this locality.
How do rental rates in South Mullanpur compare to nearby sectors?
Rental rates across the broader region, including North Mullanpur, New Chandigarh, and various sectors like Sector 38 and Sector 40, currently hover around ₹50 per sq ft as of June 2026. While many areas like North Mullanpur and Sector 36 have seen stable rates with 0% change, some sectors have experienced volatility; for instance, Sector 35 saw a significant appreciation of 25% in rental rates, while Sector 38 saw a depreciation of 3.7%.
What are the top projects by listing rates in South Mullanpur?
As of June 2026, the top projects by listing rates in South Mullanpur include DLF Hyde Park at ₹9,100 per sq ft (which appreciated by 11.41%), Omaxe The Resort at ₹7,950 per sq ft (which appreciated by 4.8%), and DLF Hyde Park Terraces at ₹3,750 per sq ft (which saw a depreciation of 63.29% compared to the prior period).
How should investors interpret the price trends in South Mullanpur?
Investors should note that as of June 2026, the average asking price of ₹8,350 per sq ft in South Mullanpur follows a period of growth. The variation between property types, such as the premium pricing of villas versus the more accessible entry point for apartments, allows investors to align their capital outlay with their specific risk appetite and income goals.
