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 the region. Key projects like DLF Hyde Park are currently priced at ₹9,100 per sq ft, while rental demand remains steady with 3 BHK apartments averaging ₹28,950 per month. This area continues to attract attention from those seeking balanced residential growth in Chandigarh.
Insights for South Mullanpur, Chandigarh Real Estate Market Overview
The South Mullanpur real estate market exhibits a clear upward trajectory in pricing, moving from a sub-₹8,000 range in late 2025 to its current average of ₹8,350 per sq ft. Rental activity is well-established, with a range of apartment configurations catering to diverse tenant needs, while residential development remains active across varying stages of completion. Investors are noting the performance of premium projects which command higher valuations compared to the broader market average. Local infrastructure and the emergence of quality residential stock continue to influence the overall price appreciation observed in recent quarters.
DLF Hyde Park leads the premium listing segment with an average rate of ₹9,100 per sq ft, reflecting an 11.41% increase.
Ready-to-move projects are currently priced at ₹9,100 per sq ft, highlighting a preference for immediate possession.
Rental rates for 4 BHK apartments reach ₹32,000 per month, indicating strong demand for larger residential spaces.
Mid-stage projects like Omaxe The Resort are priced at ₹7,950 per sq ft, showing a healthy growth of 4.8%.
Market Strengths
Average asking price of ₹8,350 per sq ft indicates a healthy and stable market valuation.
Robust demand for 2 BHK units, which rent for ₹22,650 per month on average.
Mid-stage development projects show a positive growth trend of 4.8%.
High-end 4 BHK apartments command significant rental value at ₹32,000 per month.
Consistent price recovery trend observed over the last four quarters.
Market Challenges
Villa segment pricing saw a correction of -12.21%, reflecting a temporary softening in luxury demand.
Apartment rental growth faces pressure, with the segment showing a -2.95% change in average pricing.
Ready-to-move projects experienced a slight price adjustment of -0.93%.
Investment Opportunities
Mid-stage projects priced at ₹7,950 per sq ft offer a lower entry point compared to ready-to-move stock.
Strong rental demand for 3 BHK units at ₹28,950 per month provides a consistent income stream for investors.
Premium projects like DLF Hyde Park demonstrate strong capital appreciation with an 11.41% increase.
4 BHK apartments at ₹32,000 per month cater to the high-end rental segment.
Top Localities in South Mullanpur, Chandigarh
New Chandigarh
Avg Price₹ 9,850 /Sq.Ft.
Avg Rent₹ 15 /Sq.Ft.
YIELD
+ 1.83
LISTINGS
79
North Kharar
Avg Price₹ 5,350 /Sq.Ft.
LISTINGS
44
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
The market has shown consistent growth, climbing from a low of ₹7,600 per sq ft in September 2025 to the current ₹8,350 per sq ft. Quarterly data highlights a steady climb, with the most recent figures indicating a resilient recovery following the fluctuations observed throughout the previous year.
South Mullanpur stands as a competitive residential hub within Chandigarh, holding its own against neighboring regions. While North Mullanpur averages ₹8,300 per sq ft, South Mullanpur maintains a slightly higher price point, reflecting its specific appeal. Other nearby sectors show significant variance, with some areas like Mohali Sector 126 commanding up to ₹9,550 per sq ft, while more affordable pockets like Mohali Sector 127 trade at ₹4,900 per sq ft.
South Mullanpur provides diverse residential options, with villas averaging a premium ₹18,850 per sq ft despite recent market adjustments of -12.21%. Apartments remain the more accessible entry point, trading at an average of ₹8,100 per sq ft. These segments reflect a market that accommodates both luxury villa seekers and value-focused apartment buyers.
The supply landscape in South Mullanpur is split between ready-to-move options and ongoing developments. Ready-to-move inventory is priced at ₹9,100 per sq ft, offering immediate value to homebuyers. Meanwhile, mid-stage projects are available at ₹7,950 per sq ft, providing a lower entry price for those willing to wait for completion.
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 define the upper end of the South Mullanpur market. DLF Hyde Park sets the benchmark at ₹9,100 per sq ft, having seen an 11.41% price increase. Omaxe The Resort offers a more accessible entry at ₹7,950 per sq ft, reflecting a 4.8% growth, while other developments continue to shape the local luxury landscape.
Project Name
Rate (₹/Sq.Ft)
Change %
Omaxe The Resort, South Mullanpur
19
-
Omaxe The Resort stands out in the rental market, currently offering units at a rental rate of ₹19 per sq ft, providing a distinct option within the South Mullanpur locality.
Rental Trends
Rental Trends and Average Rent in South Mullanpur, Chandigarh
Rental demand is segmented by unit size, with 2 BHK apartments averaging ₹22,650 per month. Larger 3 BHK units are priced at ₹28,950 per month, while premium 4 BHK residences command an average of ₹32,000 per month. Rental rates across the broader region remain stable at ₹50 per sq ft in many comparable sectors. Variations exist, however, with sectors like Sector 35 and Sector 37 showing notable rental growth compared to the baseline. Omaxe The Resort stands out in the rental market, currently offering units at a rental rate of ₹19 per sq ft, providing a distinct option within the South Mullanpur locality.
Rental demand is segmented by unit size, with 2 BHK apartments averaging ₹22,650 per month. Larger 3 BHK units are priced at ₹28,950 per month, while premium 4 BHK residences command an average of ₹32,000 per month.
Rental rates across the broader region remain stable at ₹50 per sq ft in many comparable sectors. Variations exist, however, with sectors like Sector 35 and Sector 37 showing notable rental growth compared to the baseline.
Frequently Asked Questions About Property Rates in South Mullanpur, Chandigarh
What is the average asking price in South Mullanpur as of June 2026?
The average asking price in South Mullanpur is ₹8,350 per sq ft as of June 2026. This figure reflects a market appreciation of 7.56% when compared to previous periods, indicating a steady demand for residential properties in this locality.
How have property prices in South Mullanpur trended recently?
Property prices in South Mullanpur have shown a fluctuating trajectory, with the location rate moving from ₹7,600 per sq ft in September 2025 to ₹8,100 per sq ft as of June 2026. While there was a peak of ₹8,350 per sq ft in March 2026, the current rate of ₹8,100 per sq ft as of June 2026 suggests a slight correction, providing a potential entry point for buyers compared to the highs seen earlier in the year.
How do property prices in South Mullanpur vary by property type?
As of June 2026, villas in South Mullanpur command an average price of ₹18,850 per sq ft, which has seen a depreciation of 12.21% compared to the previous period. Meanwhile, apartments are priced at an average of ₹8,100 per sq ft, reflecting a depreciation of 2.95% over the same timeframe. This price gap highlights the premium nature of villa developments in the area compared to standard apartment living.
What is the price difference between ready-to-move and under-construction properties in South Mullanpur?
Ready-to-move properties in South Mullanpur are currently priced at ₹9,100 per sq ft as of June 2026, having depreciated by 0.93% compared to the previous period. In contrast, mid-stage under-construction projects are available at ₹7,950 per sq ft, which has appreciated by 4.8% over the same period. This trend suggests that while ready-to-move units carry a premium for immediate occupancy, the growth in mid-stage project pricing reflects increasing investor confidence in the development pipeline.
What are the rental rates for different BHK configurations in South Mullanpur?
As of June 2026, rental rates in South Mullanpur vary by unit size: 2 BHK apartments average ₹22,650 per month, 3 BHK units average ₹28,950 per month, and 4 BHK apartments average ₹32,000 per month. These figures provide a clear hierarchy for tenants, where larger configurations command higher monthly outlays, reflecting the diverse housing needs within the locality.
Which projects in South Mullanpur are currently commanding the highest rental rates?
Omaxe The Resort is a key project in South Mullanpur, currently featuring a rental rate of ₹19 per sq ft as of June 2026. The rental rate for this project has remained stable with 0% change, indicating consistent demand and a steady rental market for this specific development.
How do rental rates in South Mullanpur compare to nearby areas?
Rental rates in South Mullanpur and its surrounding areas like North Mullanpur, New Chandigarh, and various sectors in Chandigarh generally hover around ₹50 per sq ft as of June 2026. While many areas have maintained stable rental rates with 0% change, some locations like Sector 35 have seen significant growth, appreciating by 25% compared to previous periods, which highlights the varying rental demand across the broader region.
What are the most prominent projects in South Mullanpur based on listing rates?
As of June 2026, DLF Hyde Park leads with a listing rate of ₹9,100 per sq ft, having appreciated by 11.41% compared to the previous period. Omaxe The Resort follows with a rate of ₹7,950 per sq ft, showing an appreciation of 4.8%. Conversely, DLF Hyde Park Terraces is listed at ₹3,750 per sq ft, which reflects a significant depreciation of 63.29% compared to the previous period, likely due to specific market adjustments or inventory positioning.
How should a buyer interpret the price trends in South Mullanpur?
A buyer should view the current average asking price of ₹8,350 per sq ft as of June 2026 as a reflection of a dynamic market that has experienced both growth and recent corrections. By comparing the current rates against the quarterly trends, such as the rise from ₹7,600 per sq ft in September 2025 to the current levels, investors can identify whether they are buying during a peak or a consolidation phase. It is essential to balance these trends with the specific property type, as villas and apartments are currently showing different price movements.
