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Property Rates in South Mullanpur, Chandigarh
Comprehensive Market Snapshot
South Mullanpur, Chandigarh, currently shows an asking price of ₹8,341 per sq ft, with a notable upward trend projected into March 2026. The market is experiencing price growth, with apartments averaging ₹8,341 per sq ft and villas at a higher ₹21,486 per sq ft. While rental registration rates are not applicable, the rental market shows activity, with a 2 BHK apartment averaging ₹24,250 per month in South Mullanpur.
- Asking price stands at ₹8,341 per sq ft.
- Apartments average ₹8,341 per sq ft with a 7.56% increase.
- Villas are priced higher at ₹21,486 per sq ft, showing a 4.7% rise.
- Projected prices indicate growth towards March 2026.
- A 2 BHK apartment in South Mullanpur is available for ₹24,250 per month.
- Asking Sale Price₹ 8,341 /sq.ft
Insights for South Mullanpur, Chandigarh Real Estate Market
South Mullanpur's property market is demonstrating positive momentum, with asking prices currently at ₹8,341 per sq ft and a projected increase towards March 2026. This upward trajectory is supported by quarterly price trends showing consistent growth from June 2025 onwards. Residential property types vary significantly, with apartments averaging ₹8,341 per sq ft, up by 7.56%, while villas command a premium at ₹21,486 per sq ft, reflecting a 4.7% increase. The rental market is active, featuring a 2 BHK apartment at an average of ₹24,250 per month. Notably, projects like DLF Hyde Park are listed at ₹9,111 per sq ft, indicating strong demand for premium developments.
- Asking prices are projected to rise, with a notable increase anticipated by March 2026.
- Apartments in South Mullanpur average ₹8,341 per sq ft, experiencing a 7.56% growth.
- Villas represent a higher-value segment, averaging ₹21,486 per sq ft with a 4.7% increase.
- The rental market shows a 2 BHK apartment fetching ₹24,250 per month.
- DLF Hyde Park is a key project with a current listing rate of ₹9,111 per sq ft.
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Property Price Trends in South Mullanpur, Chandigarh
Asking Price Trends
The asking price in South Mullanpur currently stands at ₹8,341 per sq ft, signaling a strong market position. Future price trends indicate a steady upward movement, with projections showing an increase from ₹7,438 per sq ft in June 2025 to ₹8,341 per sq ft by March 2026. This consistent growth suggests increasing property values and investor confidence in the area.
Price Trends by Property Type
South Mullanpur's real estate market offers distinct pricing across property types. Apartments are priced at ₹8,341 per sq ft, experiencing a healthy 7.56% increase. Villas, on the other hand, represent a more premium segment, averaging ₹21,486 per sq ft with a notable 4.7% rise, catering to buyers seeking larger, more exclusive residences.
Price Trends by Project Status
The South Mullanpur market provides options across different property statuses. Ready To Move inventory, comprising 1 unit, is priced at ₹9,111 per sq ft, showing a slight decrease of 0.93%. Mid Stage projects, also with 1 unit, are available at ₹7,962 per sq ft, indicating a 4.8% increase. This mix offers buyers choices based on their preference for immediate occupancy or investment in ongoing developments.
Price Trends by Localities
In the broader Chandigarh region, South Mullanpur's property rates are positioned competitively. Nearby North Mullanpur commands a similar average rate of ₹8,308 per sq ft, showing a 2.29% increase. Other areas like New Chandigarh are priced higher at ₹9,863 per sq ft, while localities such as North Kharar and Sunny Enclave offer more affordable options starting from ₹5,370 and ₹4,299 per sq ft respectively. This comparison highlights South Mullanpur's balanced market appeal.
Project and Developer Insights
Top Projects by Listing Rates
Premium residential developments in South Mullanpur are attracting attention with their current listing rates. DLF Hyde Park leads with a rate of ₹9,111 per sq ft, noting an 11.41% increase, setting a high benchmark for luxury living. Omaxe The Resort follows at ₹7,962 per sq ft, with a 4.8% rise, appealing to those seeking well-appointed homes. DLF Hyde Park Terraces is also listed at ₹3,750 per sq ft, indicating a diverse range of offerings within the top projects segment.
Top Projects by Rental Rates
Omaxe The Resort in South Mullanpur is highlighted in the rental market, with current rental rates at ₹19 per sq ft. While this project shows no year-on-year change in rental rates, it represents a key benchmark for rental yields within the locality.
DLF
₹ 70.5 L - ₹ 3.35 Cr
- 6 Projects
- 70 Years
Omaxe
₹ 25.65 L - ₹ 2.43 Cr
- 12 Projects
- 32 Years
ABS Group
- 2 Projects
Property Rental Trends in South Mullanpur, Chandigarh
Rental Trends by Unit Type
In South Mullanpur, the rental market shows specific pricing for different unit types. A 2 BHK apartment, categorized as residential, averages ₹24,250 per month. This provides a clear benchmark for rental income potential for this popular configuration.
Rental Trends by Nearby Localities
Comparing rental rates across nearby locations, North Mullanpur offers an average rental rate of ₹18 per sq ft. New Chandigarh is slightly lower at ₹15 per sq ft. Further afield, Sector 38 in Chandigarh shows a significantly higher average rental rate of ₹27 per sq ft, with a notable 35% year-on-year change, indicating dynamic rental demand in that area.
FAQs about Property Rates in South Mullanpur, Chandigarh
What is the current average asking price in South Mullanpur as of March 2026?
As of March 2026, the average asking price in South Mullanpur is ₹8,341 per sq ft. This represents a significant appreciation of 7.56% from the previous period in December 2025, indicating a strong upward trend in property values within the locality. The current listing count stands at 117 properties.
How have property prices in South Mullanpur trended over the past year?
Property prices in South Mullanpur have shown a consistent upward trend over the past year. From June 2025 to March 2026, the average location rate increased from ₹7,438 per sq ft to ₹8,341 per sq ft. This growth was particularly notable between December 2025 and March 2026, where prices appreciated by 7.56%, suggesting increasing demand and market confidence in the area.
How does the average asking price in South Mullanpur compare to nearby micromarkets?
As of March 2026, South Mullanpur's average asking price of ₹8,341 per sq ft is higher than many surrounding areas. For instance, North Mullanpur has an average rate of ₹8,308 per sq ft, showing a slight appreciation of 2.29%. However, other micromarkets like North Kharar (₹5,370 per sq ft) and Sunny Enclave (₹4,299 per sq ft) are priced considerably lower, with Sunny Enclave experiencing a notable depreciation of 12.75%.
What are the price differences between apartments and villas in South Mullanpur?
In South Mullanpur, villas command a significantly higher price per square foot compared to apartments. As of March 2026, villas are priced at an average of ₹21,486 per sq ft, appreciating by 4.7% over the recent period. Apartments, on the other hand, are priced at ₹8,341 per sq ft, reflecting a stronger appreciation of 7.56% during the same timeframe. This suggests a premium for independent villa living, while apartments are seeing more rapid price growth.
How do property prices for 'Ready To Move' properties compare to 'Mid Stage' properties in South Mullanpur?
In South Mullanpur, 'Ready To Move' properties are currently priced higher than 'Mid Stage' properties. As of March 2026, 'Ready To Move' units average ₹9,111 per sq ft, though they have seen a slight depreciation of 0.93% recently. 'Mid Stage' properties are priced at ₹7,962 per sq ft, with a positive appreciation of 4.8%. This indicates that while immediate occupancy properties hold a premium, mid-stage projects are experiencing more dynamic price growth.
Which projects in South Mullanpur have the highest listing rates as of March 2026?
As of March 2026, DLF Hyde Park in South Mullanpur leads with the highest listing rate at ₹9,111 per sq ft, showing a significant appreciation of 11.41%. Following this is Omaxe The Resort, priced at ₹7,962 per sq ft with a 4.8% appreciation. DLF Hyde Park Terraces is also listed, though its rate has seen a substantial decrease of 63.29% to ₹3,750 per sq ft.
What is the average rental rate in South Mullanpur and what does it signify for investors?
The average rental rate in South Mullanpur is currently ₹0 per sq ft, with a 'Rental Yield' listed as 'NA'. This indicates that while the sales market shows activity and price appreciation, the rental market data for South Mullanpur itself is not providing specific figures for average rental rates or yields as of March 2026. Further analysis of surrounding areas might be needed to understand rental potential.
What are the rental rates for a 2 BHK apartment in South Mullanpur?
For a 2 BHK apartment in South Mullanpur, the average rental rate is ₹24,250 per month as of March 2026. This figure is specifically for residential apartments and provides a concrete benchmark for renters looking for this configuration in the locality. While the overall average rental rate for South Mullanpur is listed as 'NA', this specific BHK data offers valuable insight for potential tenants and landlords.
How do rental rates vary across different micromarkets near South Mullanpur?
Rental rates vary significantly across micromarkets near South Mullanpur. As of March 2026, Sector 36 commands the highest average rental rate at ₹39 per sq ft, showing no change. Sector 38 follows with ₹27 per sq ft, but has seen a substantial 35% appreciation. New Chandigarh offers rentals at ₹15 per sq ft, while North Mullanpur is at ₹18 per sq ft, both showing no change. These figures highlight distinct rental demand and pricing across different micro-neighbourhoods.
What is the rental rate for the top project by rent in South Mullanpur?
The top project by rent in South Mullanpur as of March 2026 is Omaxe The Resort, with a current rental rate of ₹19 per sq ft. This rate has remained stable, showing no change percentage. This positions Omaxe The Resort as a key rental option within the locality, offering a benchmark for rental pricing in this specific project.
What is the current asking price for apartments in South Mullanpur as of March 2026?
As of March 2026, the average asking price for apartments in South Mullanpur is ₹8,341 per sq ft. This represents a notable appreciation of 7.56% from the previous period, indicating strong demand for apartment living in the area. This price point is a key metric for understanding the current market value of apartments in this locality.
What is the current asking price for villas in South Mullanpur as of March 2026?
The average asking price for villas in South Mullanpur stands at ₹21,486 per sq ft as of March 2026. This segment has appreciated by 4.7% over the recent period, indicating a healthy demand for villa properties. This premium pricing reflects the distinct appeal and potentially larger plot sizes associated with villas in the area.
