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The South Mullanpur real estate market has seen consistent price appreciation, with current rates reaching ₹9,200 per sq ft. This growth is supported by a mix of residential formats, where apartments and villas cater to varied lifestyle needs. Rental demand remains healthy, particularly for 3 BHK and 4 BHK apartments, providing a stable yield for property owners. Development activity is balanced between ready-to-move inventory and emerging new launches, ensuring options for both immediate occupiers and long-term investors.
As of Jun 2026, the average asking price in South Mullanpur is ₹9,200 per sq ft. This figure reflects a significant market appreciation of 10.19% compared to the previous period, signaling robust demand and growing investor confidence in this locality.
Property prices in South Mullanpur have shown a consistent upward trajectory throughout the first half of 2026. The average asking price rose from ₹7,750 per sq ft in Dec 2025 to ₹8,350 per sq ft in Mar 2026, eventually reaching ₹9,200 per sq ft by Jun 2026, indicating a strong and sustained growth trend for the area.
Villas in South Mullanpur currently command a premium, with an average price of ₹24,700 per sq ft as of Jun 2026, having appreciated by 14.87% over the observed period. In contrast, apartments are more competitively priced at an average of ₹9,200 per sq ft, which has also seen a solid appreciation of 10.19% as of Jun 2026.
As of Jun 2026, ready-to-move properties in South Mullanpur are priced at an average of ₹9,250 per sq ft, reflecting a modest appreciation of 1.25% compared to the prior period. Under-construction projects are currently available at a lower entry point of ₹8,000 per sq ft, with prices remaining stable at 0% change, offering a potential value proposition for buyers willing to wait for completion.
The average rental yield in South Mullanpur stands at 2.22% as of Jun 2026, with an average rental rate of ₹17 per sq ft. This yield represents the annual return an investor can expect from rental income relative to the property's purchase price, serving as a key metric for those balancing capital appreciation with consistent monthly cash flow.
As of Jun 2026, rental rates in South Mullanpur scale with the size of the unit: 2 BHK apartments average ₹22,650 per month, 3 BHK units average ₹28,950 per month, and 4 BHK units command an average of ₹32,000 per month. This tiered pricing structure allows tenants to choose a configuration that aligns with their space requirements and budget, while providing landlords with clear benchmarks for competitive pricing.
As of Jun 2026, DLF Hyde Park leads with a listing rate of ₹9,350 per sq ft, showing an appreciation of 2.78%. It is followed by DLF Hyde Park Terraces at ₹9,200 per sq ft with stable pricing, and Omaxe The Resort at ₹8,000 per sq ft, which has seen a slight appreciation of 0.67%. These projects represent some of the most prominent residential options currently available in the locality.
The consistent quarterly price growth observed from Sep 2025 through Jun 2026 suggests that South Mullanpur is experiencing a phase of high demand and development activity. Buyers should note that while the average asking price of ₹9,200 per sq ft as of Jun 2026 reflects a premium compared to some neighbouring areas, the upward trend indicates that the locality is becoming an increasingly sought-after destination for both end-users and investors.
