Property Rates in South Mullanpur, Chandigarh 2026
Property rates in South Mullanpur average ₹8,350 per sq ft. Market trends show a notable recovery, with prices climbing from ₹7,600 per sq ft in late 2025 to current levels. This growth is supported by a robust rental market, where 3 BHK apartments fetch an average of ₹28,950 per month. Investors are increasingly eyeing ready-to-move projects, which currently command an average of ₹9,100 per sq ft, reflecting sustained demand for established residential infrastructure.
Insights for South Mullanpur, Chandigarh Real Estate Market Overview
The South Mullanpur real estate market exhibits a positive growth trajectory, characterized by a steady increase in property values over the last few quarters. Residential demand remains balanced between ready-to-move units and mid-stage developments, providing options for both immediate occupants and long-term investors. The rental segment is equally active, with a clear preference for spacious 2 BHK and 3 BHK apartments that offer consistent monthly yields. Developers are successfully matching this demand with projects that combine location advantages with modern amenities.
Property prices have risen consistently from ₹7,600 per sq ft in September 2025 to the current average of ₹8,350 per sq ft.
Ready-to-move residential units are currently priced at an average of ₹9,100 per sq ft.
Mid-stage projects offer a more accessible entry point at an average of ₹7,950 per sq ft.
Average monthly rentals for 2 BHK apartments stand at ₹22,650, while 3 BHK units command ₹28,950.
DLF Hyde Park stands out as a premium project with listing rates reaching ₹9,100 per sq ft.
Market Strengths
Strong capital appreciation trend, with property rates rising from ₹7,600 to ₹8,350 per sq ft over recent quarters.
Diverse rental portfolio with 2 BHK, 3 BHK, and 4 BHK options catering to different family sizes.
Ready-to-move inventory maintains a strong price floor of ₹9,100 per sq ft.
Mid-stage projects show consistent growth of 4.8%, indicating active development interest.
High-end project listings like DLF Hyde Park demonstrate a strong 11.41% growth in asking rates.
Market Challenges
Villa property values have seen a decline of -12.21%, suggesting a shift in buyer preference toward apartment living.
Apartment rental growth is subject to market fluctuations, currently seeing a -2.95% change in average price points.
Ready-to-move projects have experienced a slight value adjustment of -0.93%.
Investment Opportunities
Ready-to-move apartments offer immediate rental income potential with average monthly rents starting at ₹22,650.
Mid-stage projects currently priced at ₹7,950 per sq ft present potential for value appreciation as construction progresses.
The 3 BHK rental market provides a steady income stream averaging ₹28,950 per month.
Investors can leverage the current average price of ₹8,350 per sq ft to enter a developing market with strong growth history.
Top Localities in South Mullanpur, Chandigarh
North Kharar
Avg Price₹ 5,350 /Sq.Ft.
LISTINGS
232
New Chandigarh
Avg Price₹ 9,850 /Sq.Ft.
Avg Rent₹ 15 /Sq.Ft.
YIELD
+ 1.83
LISTINGS
76
Central Kharar
Avg Price₹ 4,200 /Sq.Ft.
LISTINGS
7
South Kharar
Avg Price₹ 4,950 /Sq.Ft.
LISTINGS
1
Price Trend
South Mullanpur, Chandigarh Property Price Trends and Appreciation
The South Mullanpur market has demonstrated a clear upward trend in property values. Starting at ₹7,600 per sq ft in September 2025, prices moved to ₹7,750 per sq ft by December and reached ₹8,350 per sq ft in the March 2026 quarter. While there was a slight adjustment to ₹8,100 per sq ft in June 2026, the overall trajectory remains positive for long-term holders.
South Mullanpur sits at a competitive price point compared to neighboring areas. While premium locations like Sector 38 command as much as ₹36,900 per sq ft, South Mullanpur offers a more accessible entry at ₹8,350 per sq ft. It remains significantly more affordable than Sunny Enclave, which averages ₹9,000 per sq ft, and Mohali Sector 126, which is priced at ₹9,550 per sq ft. This pricing structure positions South Mullanpur as a balanced choice for value-conscious buyers.
South Mullanpur caters to diverse buyer preferences with two primary residential categories. Apartments are currently priced at an average of ₹8,100 per sq ft, experiencing a modest shift of -2.95%. Meanwhile, villa properties are listed at a premium average of ₹18,850 per sq ft, reflecting a -12.21% change that highlights the exclusive nature of these larger living spaces.
The market provides varied options based on construction timelines. Ready-to-move inventory attracts immediate occupiers at an average rate of ₹9,100 per sq ft, showing a minor change of -0.93%. Alternatively, mid-stage projects offer an entry rate of ₹7,950 per sq ft, which has seen a growth of 4.8%, appealing to those looking for a balance between current pricing and future value.
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 set the benchmark for local property values. DLF Hyde Park leads the segment with listing rates of ₹9,100 per sq ft, marking a growth of 11.41%. Omaxe The Resort provides a mid-range option at ₹7,950 per sq ft, reflecting a 4.8% increase, while DLF Hyde Park Terraces is positioned at ₹3,750 per sq ft.
Project Name
Rate (₹/Sq.Ft)
Change %
Omaxe The Resort, South Mullanpur
19
-
Omaxe The Resort remains a key project for renters in the locality, currently offering rental rates at ₹19 per sq ft, which is well below the area average and provides a compelling value proposition for tenants.
Rental Trends
Rental Trends and Average Rent in South Mullanpur, Chandigarh
The rental market in South Mullanpur is well-structured, with 2 BHK apartments averaging ₹22,650 per month. Those seeking more space can opt for 3 BHK units at ₹28,950 per month, while 4 BHK apartments command a monthly premium of ₹32,000. Rental rates across the broader region show stability, with many surrounding areas like North Mullanpur, New Chandigarh, and various sectors in Chandigarh maintaining an average of ₹50 per sq ft. Sector 35 has seen a significant rental increase of 25%, while Sector 37 recorded growth of 21.74%. Omaxe The Resort remains a key project for renters in the locality, currently offering rental rates at ₹19 per sq ft, which is well below the area average and provides a compelling value proposition for tenants.
The rental market in South Mullanpur is well-structured, with 2 BHK apartments averaging ₹22,650 per month. Those seeking more space can opt for 3 BHK units at ₹28,950 per month, while 4 BHK apartments command a monthly premium of ₹32,000.
Rental rates across the broader region show stability, with many surrounding areas like North Mullanpur, New Chandigarh, and various sectors in Chandigarh maintaining an average of ₹50 per sq ft. Sector 35 has seen a significant rental increase of 25%, while Sector 37 recorded growth of 21.74%.
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 represents a positive market movement, having appreciated by 7.56% compared to previous reporting periods, signaling sustained interest in this residential pocket.
How have property rates in South Mullanpur trended recently?
Property rates in South Mullanpur have shown a fluctuating trajectory throughout the recent quarters. As of June 2026, the local 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 reflects a dynamic market where buyers and investors should monitor quarterly shifts to time their entry effectively.
How do property prices in South Mullanpur compare by property type?
In South Mullanpur, villas currently command a higher premium with an average price of ₹18,850 per sq ft, though this segment has seen a depreciation of 12.21% compared to the previous period. Conversely, apartments are more accessible, averaging ₹8,100 per sq ft as of June 2026, which reflects a 2.95% depreciation over the same timeframe.
What is the price difference between ready-to-move and under-construction properties in South Mullanpur?
As of June 2026, ready-to-move properties in South Mullanpur are priced at an average of ₹9,100 per sq ft, having experienced a minor depreciation of 0.93%. In comparison, mid-stage under-construction projects are available at a more competitive average of ₹7,950 per sq ft, which has appreciated by 4.8% compared to the previous period, indicating growing confidence in ongoing project developments.
Which projects in South Mullanpur have the highest listing rates?
As of June 2026, DLF Hyde Park leads with a listing rate of ₹9,100 per sq ft, showing a significant appreciation of 11.41%. Omaxe The Resort follows with a listing rate of ₹7,950 per sq ft, which has appreciated by 4.8%. Meanwhile, DLF Hyde Park Terraces is currently listed at ₹3,750 per sq ft, reflecting a 63.29% depreciation, which may present a distinct entry point for value-oriented buyers.
What are the typical monthly rental rates for apartments in South Mullanpur?
Rental rates in South Mullanpur vary by unit size, catering to different tenant profiles. As of June 2026, a 2 BHK apartment typically rents for ₹22,650 per month, a 3 BHK for ₹28,950 per month, and a 4 BHK for ₹32,000 per month. These figures provide a clear benchmark for tenants looking for residential options in the area.
How do rental rates in South Mullanpur compare to nearby areas?
Rental rates across the broader region, including North Mullanpur, New Chandigarh, and various sectors like Sector 38 and Sector 40, are consistently observed at ₹50 per sq ft as of June 2026. While many of these areas have seen stable rental performance, specific sectors have shown volatility; for instance, Sector 35 has seen a 25% appreciation in rental rates, while Sector 38 has experienced a 3.7% depreciation, highlighting the importance of micro-location selection for landlords.
How should investors interpret the property rate data for South Mullanpur?
Investors should view the current average asking price of ₹8,350 per sq ft as of June 2026 alongside the project-specific trends to identify value. With ready-to-move properties holding at ₹9,100 per sq ft and mid-stage projects appreciating by 4.8%, the data suggests a market where risk-adjusted returns are possible by balancing the premium of established projects against the growth potential of under-construction developments.
