Mohali: A City Coming Into Its Own
There is a particular pleasure in watching a place grow into the destiny it was always meant for, and Mohali, formally known as Sahibzada Ajit Singh Nagar, offers exactly that unfolding story. Once regarded as little more than a quiet satellite of Chandigarh, it has, in the span of a decade, become something far more substantial. Mohali has transformed from a quiet satellite city of Chandigarh into one of North India's most dynamic real estate destinations, with many calling it the next Gurugram. The city's ambitions are no longer whispered but backed by capital: Mohali is in the middle of the most significant investment wave in its history, with Invest Punjab confirming record interest across IT, GCCs, data centres, semiconductor units, healthcare, retail and e-mobility.
The evidence of this momentum is visible in bricks and mortar across the city. High-rise buildings have risen at IT City, alongside Infosys' Rs 285.5-crore expansion, the nearly Rs 2,000-crore Phoenix Mall project by Casper Realty, and the Rs 1,000-crore Fortis Hospital upgrade. Add to this the Rs 1,000-crore expansion of Fortis Hospital into a world-class tertiary-care complex, and it becomes clear that Mohali is building the healthcare, education, and employment infrastructure of a genuine metropolitan hub rather than a suburb riding on borrowed prestige.
What makes Mohali particularly compelling for homebuyers is its price story. Micro-markets here move at very different speeds depending on proximity to the Airport Road corridor and the IT City belt. IT City sees rates between Rs. 4,500 and Rs. 8,500 per sqft, Aerocity ranges from Rs. 6,000 to Rs. 12,000 per sqft, while Sector 82 begins around Rs. 4,000 per sqft. Premium stretches along Airport Road command Rs. 10,000-16,000 per sqft, with Mohali expected to maintain 12-15% annual appreciation in prime locations. Meanwhile Mohali's residential market clocked a year-on-year price growth of approximately 9.9% in Q1 2025, with the Airport Road corridor emerging as the hottest micro-market.
For those who still wish to build rather than buy ready homes, plotted land continues to hold its own charm and value. As of June 2026, prime Phase localities (1-11) are benchmarked around ₹2 lakh per sq yd on average, while more accessible options are in the ₹90,000-₹1 lakh per sq yd range. It is this blend of established phases and emerging sectors that gives Mohali its rare quality: a city where heritage neighbourhoods and futuristic townships sit comfortably side by side.
