Mohali Real Estate Market Overview
Mohali's property market saw a 9.9% year-on-year growth in Q1 2025. The average prices reached ₹7,239 per sqft, according to the latest industry reports. This Punjab satellite city now outperforms neighboring Chandigarh in price appreciation rates.
Key Market Drivers
Three main factors drive Mohali's growth:
- Completion of the Chandigarh-Mohali Metro Phase 1 infrastructure
- Expansion of IT City Mohali creating over 15,000 tech jobs
- Average entry costs 18% lower than Chandigarh's Sector 34 market
Top Performing Localities
| Sector | 2022 Price (₹/sqft) | 2025 Price (₹/sqft) | Growth |
|---|---|---|---|
| Sector 79 | 4,100 | 7,400 | 80.5% |
| Sector 85 | 3,800 | 6,900 | 81.6% |
| Aerocity | 6,500 | 11,000 | 69.2% |
Emerging hotspots showing 25%+ quarterly growth:
- Kharar Southern Bypass Corridor
- Zirakpur Affordable Housing Cluster
- Sohana Commercial Hub
Future Growth Indicators
- ₹2,100 crore for Phase 2 Metro expansion
- Development of a 42-acre tech park near IT City attract professionals
- 17% increase in NRI property inquiries in 2025
Industry experts predict 12-15% annual appreciation through 2026, especially in gated communities with smart home features. The planned International Cricket Stadium in Sector 78 is expected to boost retail space demand by 40% in adjacent sectors.