Sector 116, Mohali

About

Overview of Sector 116, Mohali

Location and Amenities

Sector 116 in Mohali stands out as a top area offering a modern lifestyle with several amenities. It's well-connected to major parts of the tri-city, such as Chandigarh. The sector is close to the upcoming PR-6 road, DPS school, and the 200 ft airport road, making it handy for residents.

Property Types and Prices
  • Flats and Apartments:

    • Flat prices in Sector 116, Mohali, vary from ₹ 30 lakhs to ₹ 73.9 lakhs.
    • The average flat price per square foot stands around ₹ 4,387 to ₹ 4,400.
    • Per square foot price for flats ranges from ₹ 3,700 to ₹ 7,800.
  • Plots and Land:

    • Land is sold at rates from ₹ 5,400 to ₹ 6,250 per square foot.
    • You will find plots in different sizes, like 90 square yards, 130 square yards, and 150 square yards, often with gated community amenities including water, electricity, and recreation.
  • Builder Floors and Independent Houses:

    • Prices for builder floors range from ₹ 3,950 to ₹ 5,950 per square foot.
    • Independent houses and villas come in various prices depending on the project and builder.
Price Trends
  • Year-over-Year Growth:

    • Property values in Sector 116 have risen 3.36% in the past year.
    • Flats have appreciated by 27.5% last year, while land has gone up 16.5%.
  • Long-Term Appreciation:

    • Flat prices have gone up 57.1% over the last 3 years and 87.2% over the last 5 years.
    • Land rates have seen a significant rise, with an increase of 79.4% in the past 3 years and 197.4% in the last 5 and 10 years.
Investment Potential
  • The area is deemed a good buy by buyers and sellers due to its rising prices and expected future growth.
  • Top banks offer loans up to 80%, and luxury features cost less, making it hot for investors.
Availability of Properties
  • Over 666 properties are on the market in Sector 116, Mohali, containing apartments, plots, builder floors, and independent houses.
  • Projects like SBP Group City Of Dreams, TDI Mohali, and Ansal API Golf Villas are present.

PropertyWala's Conclusion

Sector 116 in Mohali has a promising real estate market with affordable fancy features. It's got well-connected places like plots, flats, and houses, making it a top pick for both users and investors. With positive price trends and significant long-term increase, now is a good moment to buy or rent. However, stay alert to current market activities and use price trend tools to make smart choices.

Nearby

  • Transport

    • Hindustan Petroleum (~2 km)
    • Kharar (~3 km)
    • Chandigarh ISBT, Sector 43 (~11 km)
    • Sahibzada Ajitsingh Nagar (Mohali) (~14 km)
    • Chandigarh International Airport (~19 km)
    • Shimla Airport (~78 km)
  • Shopping & Dining

    • Pizza Hut (~1 km)
    • North Country Mall (~3 km)
    • Café Coffee Day (~3 km)
    • rebel soul tattoo studio (~3 km)
    • City Heart (~4 km)
    • Luxurio Sukh Plaza (~10 km)
  • Healthcare

    • Raadi Clinic (~1 km)
    • Apollo Pharmacy The Gold Square Mohali (~1 km)
    • Davaindia Generic Pharmacy (~2 km)
    • Kaushal Hospital, Mohali (~4 km)
    • Urban Dispensary, Mundi kharar (~4 km)
    • Ivy Health and Life Sciences Pvt. Ltd (~7 km)
  • Education

    • Government College (~7 km)
    • Government Model Senior Secondary School (~8 km)
    • Government Senior Secondary School (~9 km)
    • Block 1- Library (~10 km)
    • Chandigarh University (~14 km)
    • University Institute of Engineering and Technology (~14 km)
  • Leisure & Entertainment

    • Kargil Park (~7 km)
    • Inderjit Singh Bindra Stadium (~11 km)
    • IISER Sports Complex (~12 km)
    • Batra (~13 km)
    • The Chandigarh Golf Club (~20 km)
    • Bird Park (~21 km)
  • Services

    • HDFC Bank ATM (<1 km)
    • ICICI Bank (~2 km)
    • Police Station phase 8 (~10 km)
    • Punjab School Education Board (~11 km)
    • Judicial Court Complex Sector 43 (~11 km)
    • Fire Station (~12 km)
  • Business & Hospitality

    • Sector 73 (~5 km)
    • Sector 57 (~6 km)
    • Radisson RED (~13 km)
    • Hotel Holiday Inn Paradise (~14 km)
    • Wyndham Chandigarh Mohali (~14 km)
    • The Oberoi Sukhvilas Spa Resort, New Chandigarh (~23 km)
Places © OpenStreetMap contributors, Overture Maps Foundation * Distances from the centre of Sector 116

Reviews

As of today, the site is accessible at Sector 116 Mohali, On Landran - Airport road which already has been connected to the GT Road interconnecting with Punjab, Haryana, and Delhi.
Further, the airport road (PR-9) is close to the site which connects it to I.T. city, Aerocity, International Airport & Mohali sectors.
Nearby DPS school
15 mins drive from International Airport
GMADA approved
5 mins drive from CGC Landran
Near VR Mall Punjab
5 mins from Max Hospital
Book the perfect Residential/Commercial plot in the heart of Mohali !
¿¿¿¿PLOT SIZE ¿¿¿¿
100 - 150 Sq.yards
✅ All Luxury Amenities
✅ Lush green surroundings
✅ Dedicated water supply
✅ Wide internal roads
✅ Lower initial investment
✅ Higher Returns
✅ Electricity Supply

Pros
  • after complition the signature city now in sec-116 mohali upcoming 200ft PR-6mohali.
  • good for investment, Altimate location near Airport Road
Cons
  • waiting for approval 200ft.Road adjoing tdi and ansal116
  • need to devlop ansal golf link
  • waiting for approval 200ft.Road adjoing tdi and ansal116

Gamada Approved,good location,wide roads,green parks,good surroundings with best connecting points,near by daily need market ,gated society,etc..

Pros
  • Gamada Approved
Sector 116, Mohali is rated 5 out of 10 based on 2 user reviews.
Disclaimer: The reviews are opinions of PropertyWala.com members, and not of PropertyWala.com.
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Pros:
Enter some positive aspects of Sector 116
Cons:
Enter some negative aspects of Sector 116

News

High Court Orders Mohali DC to Execute Parkwood Glade Recovery Certificate

Hindustan Times · · Regulatory

The Punjab and Haryana High Court directed the Mohali deputy commissioner to execute a RERA recovery certificate for a Parkwood Glade allottee within two months.

Key facts

Kapil Goyal, an allottee of a Tower A flat at Parkwood Glade in Sante Majra village, Kharar tehsil, Sector 116, on the Main Kharar–Landran Highway, said he had pursued possession for 14 years. He has been an allottee since May 14, 2012.

Punjab RERA allowed his complaint on April 19, 2022, and issued a recovery certificate on October 18, 2024. Goyal said it remained unexecuted despite seven representations and more than six years of parallel proceedings, including a withdrawn refund case, a possession case and an execution petition.

The Punjab and Haryana High Court disposed of his petition, directing the Mohali deputy commissioner to execute the certificate in accordance with law within two months of receiving the order. The article describes Parkwood Glade as a failed Punjab government project and reports allegations that its builder’s former Bank of Punjab promoters used domestic and offshore entities to strip assets and evade enforcement.

TDI City residents protest exclusion from MC Mohali expansion

Hindustan Times · · Regulatory

Residents of TDI City and Sunny Basant sectors protested the October 21 municipal boundary expansion that excluded them from MC Mohali limits.

Key facts

Representatives of 20 residents' associations from TDI City and Sunny Basant sectors (74A, 92, 116, 117, 118, 119) held a joint meeting on Saturday to protest exclusion from MC Mohali's recently notified boundary expansion.

The government's October 21 notification expanded MC Mohali boundaries but left TDI City out. Residents termed the move "unjustified" and resolved to take collective action for inclusion.

Planned actions:

  • Meet Mohali MLA Kulwant Singh on Sunday to seek clarification and urge inclusion
  • Hold peaceful protest October 29 outside MLA's office if no satisfactory response
  • Submit written objections to MC by October 27
  • Meet former minister Balbir Singh Sidhu and mayor Amarjit Singh Sidhu for support
  • If government fails to respond, explore legal remedies including approaching Punjab governor and Punjab and Haryana high court
  • Boycott AAP and its candidates in future elections if issue remains unaddressed

Residents pledged to remain united until TDI City is included in MC Mohali limits.

News items from other publishers are their reports, condensed; follow the link for the full report. PropertyWala.com is not their source.

Projects

Jubilee City Garden - Sector 116, Mohali

Jubilee City Garden

Sector 116, Mohali

  • Under Construction
  • Feb, 2023

Wonderful melody to your life

: Jubilee City Garden by Jubilee Group at the very prime location of Sector-116, Mohali offers residential project that host plots in various sizes.
Shubham Gold Homes - Sector 116, Mohali

Shubham Gold Homes

Sector 116, Mohali

  • Completed
  • Dec, 2020

Luxurious apartment with good features

: Shubham Gold Homes is presented by Shubham Builders at Sector-116, Mohali offers residential project that hosts 2 &amp; 3 BHK apartment with good features
Ansal API Victoria Floors - Sector 116, Mohali

Ansal API Victoria Floors

Sector 116, Mohali

  • New Launch
  • Aug, 2012

Residential Apartments

: These Low Rise G+2 Independent floors on 265 Sq.Yard of Plot Size come with added benefit of 'Front &amp; Rear lawn' for Ground Floor and 'Terrace usage' for 2nd floor.
SBP City Of Dreams - Sector 116, Mohali

SBP City Of Dreams

Sector 116, Mohali

  • Under Construction
  • Mar, 2020

Residential/Commercial activities available at one place.

: SBP City Of Dreams located at a prime area in Sector-116,Mohali with all free amenities within the Society.
Dara Dream Homes - Sector 116, Mohali

Dara Dream Homes

Sector 116, Mohali

  • Under Construction
  • Aug, 2016

2 & 3 BHK apartments available for sale in Dara Dream Homes

: Dara Dream Homes presented by Dara Developers with 2 &amp; 3 BHK apartments available for sale in Sec-116,Mohali.
Primary Arcadia Dream Homes - Sector 116, Mohali

Primary Arcadia Dream Homes

Sector 116, Mohali

  • Under Construction
  • Jul, 2014

3bhk New launching 25 acres Township Basement Parking + 3 floors with Lift in Mohali

: Arcadia Dream Homes is luxury residential development in Sector 116, Greater Mohali, Punjab. It is offering 3BHK Apartments with all modern amenities.
Dara Gold Homes - Sector 116, Mohali

Dara Gold Homes

Sector 116, Mohali

  • Under Construction
  • Jun, 2015

Think Big Live Big

: Dara Gold Homes presented by Dara Estates with 2 &amp; 3 BHK apartments available in Sec-116, Mohali
Parkwood Glade - Sector 116, Mohali

Parkwood Glade

Sector 116, Mohali

  • Under Construction
  • Apr, 2016

2 & 3 BHK apartments available in Parkwood Glade

: Parkwood Glade presented by Parkwood Group with 2 &amp; 3 BHK apartments available in Sector 116, Mohali.

Sale Properties

Price Trends

Also known as: 116, Sector 116, ANSAL API SECTOR-116, MOHALI, Secto, sec-116, Sector 116 Mohali, Sec 116 Mohali, Kharar-Landran Road, Sec-116, Sec-116, The D Homes
Locality ID
A811116477
PinCode
140301