Sector 116 is a planned residential locality developed with structured sector-wise layouts, designated green belts, wide internal roads, and dedicated commercial pockets. This organised development adds to its liveability and long-term value.
What is the rental rate per sq.ft in Sector 116?
The average rental rate in Sector 116, Mohali is proportional to the prevailing price of market-competitive rates. Rental yields typically range from 3–5%, making it an attractive proposition for investors seeking passive income.
Are there any under-construction projects in Sector 116?
Yes, several under-construction projects are currently available in Sector 116, offering attractive pre-launch pricing and flexible payment plans. All projects listed on Propmyna for Sector 116 are verified and RERA-compliant.
Is there an expressway near Sector 116?
Yes, Sector 116 in Mohali has convenient access to major expressways that provide fast, toll-based connectivity to neighbouring cities and key commercial destinations. This expressway access is a significant value driver for properties in Sector 116.
What is the rental demand like in Sector 116?
Rental demand in Sector 116 is robust, driven by IT professionals, corporate employees, and families relocating to Mohali. Occupancy rates in well-maintained societies are consistently high, providing investors with steady rental income.
Is Mohali real estate market growing in 2024?
Absolutely. Mohali has witnessed record residential launches and sales in recent years. Backed by policy support, infrastructure spending, and rising disposable incomes, the Mohali property market shows no signs of slowing down.
Are properties affordable in Mohali?
Mohali is known for offering a wide price spectrum. While luxury housing has grown significantly, the city still boasts competitive pricing in tier-2 localities and new sectors where quality 2BHK flats are available under ₹60 lakh.
Which parts of Mohali are developing the fastest?
The fastest-developing parts of Mohali are typically those receiving fresh infrastructure investment — new roads, underpasses, metro extensions, and commercial developments. These areas often have lower current prices but high future potential.
What types of residential properties are available in Mohali?
Mohali offers a diverse range of residential options including affordable 1BHK and 2BHK apartments, mid-segment 3BHK units, premium 4BHK high-rises, independent floors, builder floors, plotted developments, and luxury villas.
Should I buy an under-construction or ready flat in Mohali?
Under-construction flats in Mohali are cheaper and offer higher appreciation potential but carry delivery risk. Ready-to-move flats offer immediate possession and avoid GST, but cost 10–20% more. Choose based on your timeline and risk appetite.