Property Rates in South Mullanpur, Chandigarh 2026

Property prices in South Mullanpur have shown a fluctuating trajectory throughout 2026. While the average asking price was recorded at ₹8,100 per sq ft in Sep 2026, it saw a peak of ₹9,200 per sq ft in Jun 2026, following a rate of ₹8,350 per sq ft in Mar 2026 and ₹7,750 per sq ft in Dec 2025. This volatility suggests that buyers should monitor quarterly shifts closely to time their investment effectively.

As of Sep 2026, villas in South Mullanpur command a significantly higher average asking price of ₹18,800 per sq ft, which has seen a depreciation of 23.75% over the observed period. In contrast, apartments are priced at an average of ₹8,100 per sq ft, reflecting a depreciation of 11.65% compared to the prior period. This price gap highlights the premium nature of villa developments in the area compared to standard apartment living.

Ready To Move projects in South Mullanpur are currently priced at an average of ₹8,650 per sq ft as of Sep 2026, having experienced a depreciation of 6.46% from the previous period. Meanwhile, New Launch projects are positioned at an average of ₹8,050 per sq ft, which has appreciated by 3.45% over the same timeframe. This indicates that while ready-to-move inventory currently commands a premium, new launches are seeing upward price momentum.

The top projects by listing rates in South Mullanpur include DLF Hyde Park Terraces at ₹8,850 per sq ft (depreciated by 4.2%), DLF Hyde Park at ₹8,400 per sq ft (depreciated by 7.32%), and Omaxe The Resort at ₹8,050 per sq ft (appreciated by 3.45%) as of Sep 2026. These projects represent the primary premium residential options available in the locality, with Omaxe The Resort showing positive price growth despite broader market trends.

As of Sep 2026, the average rental rate in South Mullanpur is ₹18 per sq ft, which has appreciated by 5.88% compared to the previous period. The locality currently offers a rental yield of 2.67%, providing investors with a baseline metric to evaluate the income potential of their residential assets relative to the current capital asking price of ₹8,100 per sq ft.

Rental rates in South Mullanpur vary by unit size, with 2 BHK apartments averaging ₹23,500 per month, 3 BHK apartments at ₹28,850 per month, and 4 BHK apartments reaching ₹32,000 per month as of Sep 2026. This tiered pricing structure allows tenants to choose a configuration that aligns with their space requirements and budget, while providing landlords with clear data on the monthly income potential for different property sizes.

Rental rates in South Mullanpur currently average ₹18 per sq ft, while surrounding areas like North Mullanpur, New Chandigarh, and various sectors in Chandigarh command a higher average rental rate of ₹50 per sq ft as of Sep 2026. Most of these neighbouring areas have seen stable rental rates with 0% change, except for Sector 37, which saw an appreciation of 3.57%, and Sector 22, which saw a significant appreciation of 19.05%.

Omaxe The Resort is a key project in South Mullanpur with a current rental rate of ₹19 per sq ft as of Sep 2026, showing price stability with 0% change over the period. While its specific project rental rate is ₹19 per sq ft, the broader locality average for apartments is ₹50 per sq ft, positioning this project as a distinct option for renters looking for specific amenities within the South Mullanpur market.

The depreciation of 11.65% in the average asking price of South Mullanpur as of Sep 2026 suggests a market correction or a period of softening demand. For buyers, this may present a strategic opportunity to negotiate better entry points, while investors should consider this trend alongside the rental yield of 2.67% to determine if the long-term capital appreciation potential aligns with their financial goals.