Overview of Sector 118, Mohali

Sector 118 in Mohali, Punjab, is a steadily growing neighborhood, blending residential and commercial spots that attract buyers and renters alike.

Property Prices and Trends

We see a year-on-year increase in property prices here. Specifically, they've gone up by 36.6% and now average around Rs. 7,066 per square foot.

Availability of Properties

Currently, 26 properties are for sale and 4 are for rent in Sector 118. Also, a number of projects are in play, with at least one reaching completion soon.

Property Types and Sizes

You'll find several property types, such as residential plots and ready-to-move-in homes. For example, residential plots range from 936 sqft to 3,600 sqft. Prices also vary significantly, such as ₹1.6 Cr for the smaller plots and ₹1 Cr for larger ones.

Infrastructure and Development

Sector 118 benefits from Mohali’s well-planned design, offering good connectivity and infrastructure. Residents can expect to see benefits from Mohali's development, including schools, hospitals, shopping centers, and other critical services.

Prospective Projects

Developments by top builders like TDI are notable. These projects often focus on quality construction and modern features.

PropertyWala's Verdict

For those considering buying or renting, Sector 118, Mohali, stands out. Its rising property values and ongoing development make it a good investment chance. There’s a broad range of property types here, meeting different budgets and needs. You should, however, weigh current market trends alongside future growth prospects. Overall, Sector 118 brings together affordability, amenities, and growth potential, making it a strong option for real estate investors.