Property Rates in South Mullanpur, Chandigarh

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.

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%.

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.

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.

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.

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.

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.

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.

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.

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.

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.