Property rates · Chandigarh
Chandigarh property rates: prices, trends and forecast
Thinking of buying in Chandigarh? Here is what a square foot costs today, how fast prices have grown since 2020, what is happening in the market right now, and where rates could be by 2030. Plain numbers, no sales pitch.
By Rachna Gupta, Property Nivesh Team ·Reviewed by Rakesh Mahajan ·Published ·Updated ·Rates checked monthly The short answer
- ✓ Property in Chandigarh costs about ₹12,000 per sq ft on average (2025), the 5th highest of the 15 Indian cities we track.
- ✓ Prices are up 49% since 2020, or about 8% a year.
- ✓ Sector 49, Chandigarh is the priciest of the 5 areas on this page at ₹14,600 per sq ft; New Chandigarh (Mullanpur) grew fastest (+109% since 2020).
- ✓ Rents return about 2.8% a year: roughly ₹23,300 a month on a ₹1 crore home.
- ✓ Our base-case forecast for 2030: about ₹19,000 per sq ft (range ₹15,200–₹24,100). A projection, not advice.
Property rates in Chandigarh today
The average asking price in Chandigarh is ₹12,000 per sq ft. That makes it the 5th most expensive of the 15 Indian cities on our tracker. Five years ago, in 2020, the same average was about ₹8,050 per sq ft.
Average rate (2025)
₹12,000 /sq ft
Growth since 2020
+49% (8% a year)
Rental yield
2.8%
Chandigarh property rates by year
Our tracker has the Chandigarh city average for 2020 and 2025. The chart shows both, then our forecast to 2030 as striped bars (thin lines mark the low and high cases). For a year-by-year picture, see the 5 localities below.
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Property price trends in Chandigarh: is the market still rising?
NHB does not print an annual figure for Chandigarh. It did name Chandigarh among the cities with the fastest quarterly rises once between Q3 2024 and Q2 2026.
By our estimates, rates rose in 2025 in all 4 localities on this page that have figures for both 2024 and 2025. Sector 49, Chandigarh rose the most (39.7%), while Zirakpur rose 9.9%.
Real estate market trends in Chandigarh
Prices are only one part of the story. Here is what the other numbers we follow say about the Chandigarh market.
- Prices: the average asking rate is up 49% since 2020 on our tracker, about 8% a year.
- Rents: a gross rental yield of about 2.8%, so rent covers only a small part of the price each year. Most buyers here are paying for future value or for a home to live in.
Chandigarh localities at a glance
Here is how the 5 localities compare. Tap a name to jump to its chart. The localities on this page are spread across the Chandigarh tricity. Sector 49 is in Chandigarh itself. Zirakpur, Dera Bassi and New Chandigarh are in Punjab's SAS Nagar (Mohali) district, and Sector 20 is in Panchkula, Haryana. The city average is for Chandigarh itself, which is why it sits above most of these areas.
| Locality | 2025 rate | Since 2020 | Per year | In 2025 | Rental yield | 2030 base case |
|---|---|---|---|---|---|---|
| Sector 49, Chandigarh | ₹14,600 | +109% | +15.8% | +39.7% | 3% | ₹23,100 |
| New Chandigarh (Mullanpur) | ₹7,950 | +109% | +15.9% | +26.2% | — | ₹12,600 |
| Sector 20, Panchkula | ₹7,750 | +72% | +11.5% | +14.0% | — | ₹12,000 |
| Zirakpur | ₹6,100 | +72% | +11.4% | +9.9% | 3% | ₹8,800 |
| Dera Bassi | ₹4,200 | +58% | +9.6% | — | 3% | ₹6,600 |
Rates are average asking prices per sq ft (our estimates). "Per year" is the average yearly rise from 2020 to 2025. "In 2025" is blank where there is no 2024 figure. Rental yield is a year's rent as a share of the price, before costs.
Sector 49, Chandigarh property rates
Sector 49, Chandigarh costs about ₹14,600 per sq ft on average, the highest of the 5 localities here. It has gone from ₹7,000 in 2020 to ₹14,600 in 2025: up 109%. It also rose the most in 2025, by 39.7%.
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| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026* |
|---|---|---|---|---|---|---|---|
| Rate per sq ft | ₹7,000 | ₹8,000 | ₹8,650 | ₹9,900 | ₹10,450 | ₹14,600 | ₹16,400 |
| Change | — | +14.3% | +8.1% | +14.5% | +5.6% | +39.7% | +12.3% |
What you should know about Sector 49, Chandigarh
- The area: Sector 49 is a southern sector of Chandigarh built around group housing societies such as Pushpak, Advocates and SBI Society. Most flats for sale are resale 3 and 4 BHK units.
- Why prices moved: Chandigarh prices recovered after the 2020 dip. In 2024 a local property consultant put the five-year rise in southern-sector flat prices at 60–100%. The airport is about 7 km away and the Mohali and Chandigarh industrial areas are close, so tenant demand stays steady.
- What to watch: Few flats come up for sale, so averages swing a lot from one quarter to the next. Residents also report power cuts.
- Who it suits: Families who want a ready flat inside Chandigarh's sector grid.
- Rent: about 3% a year. A ₹1 crore home here would rent for roughly ₹25,000 a month.
- Outlook: our base case for 2030 is ₹23,100 per sq ft (range ₹18,500–₹29,400).
About these figures: Property Nivesh estimates for apartments. Our team compiled them from public listing data and market reports for each year and rounded them to the nearest ₹50. 2026* is the year so far.
New Chandigarh (Mullanpur) property rates
New Chandigarh (Mullanpur) costs about ₹7,950 per sq ft on average, the second-highest of the 5 localities here. It has gone from ₹3,800 in 2020 to ₹7,950 in 2025: up 109%. It rose 26.2% in 2025.
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| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026* |
|---|---|---|---|---|---|---|---|
| Rate per sq ft | ₹3,800 | ₹4,050 | ₹5,050 | ₹5,400 | ₹6,300 | ₹7,950 | ₹8,950 |
| Change | — | +6.6% | +24.7% | +6.9% | +16.7% | +26.2% | +12.6% |
What you should know about New Chandigarh (Mullanpur)
- The area: New Chandigarh is a premium residential area next to Mullanpur, in Punjab. It mainly offers ready 3 BHK flats, and many buyers also look for plots and villas.
- Why prices moved: The Omaxe International Trade Tower office campus and hospitals such as Homi Bhabha Cancer Hospital are close by. Flat asking prices rose about a quarter in the year to April 2025.
- What to watch: Traffic jams in parts of Mullanpur, and there is no metro link.
- Who it suits: Buyers who want a ready 3 BHK flat and do not mind being about 17 km from Chandigarh's railway station.
- Outlook: our base case for 2030 is ₹12,600 per sq ft (range ₹10,100–₹16,000).
About these figures: Property Nivesh estimates for apartments. Our team compiled them from public listing data and market reports for each year and rounded them to the nearest ₹50. 2026* is the year so far.
Sector 20, Panchkula property rates
Sector 20, Panchkula costs about ₹7,750 per sq ft on average, the third-highest of the 5 localities here. It has gone from ₹4,500 in 2020 to ₹7,750 in 2025: up 72%. It rose 14.0% in 2025.
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| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026* |
|---|---|---|---|---|---|---|---|
| Rate per sq ft | ₹4,500 | ₹4,200 | ₹4,750 | ₹5,600 | ₹6,800 | ₹7,750 | ₹9,400 |
| Change | — | −6.7% | +13.1% | +17.9% | +21.4% | +14.0% | +21.3% |
What you should know about Sector 20, Panchkula
- The area: Sector 20 is Panchkula's main cluster of high-rise group housing societies, close to the Zirakpur highway.
- Why prices moved: More families are moving into its gated high-rise societies, which is pushing prices up. It is a short drive to Zirakpur, Chandigarh and the airport.
- What to watch: Listing sites disagree here: their 2026 asking prices range from about ₹8,600 to ₹10,200 a sq ft, so check prices society by society.
- Who it suits: Big families and first-time buyers who want a flat in a gated society.
- Outlook: our base case for 2030 is ₹12,000 per sq ft (range ₹9,700–₹14,900).
About these figures: Property Nivesh estimates for apartments. Our team compiled them from public listing data and market reports for each year and rounded them to the nearest ₹50. 2026* is the year so far.
Zirakpur property rates
Zirakpur costs about ₹6,100 per sq ft on average, the fourth-highest of the 5 localities here. It has gone from ₹3,550 in 2020 to ₹6,100 in 2025: up 72%. It rose 9.9% in 2025.
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| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026* |
|---|---|---|---|---|---|---|---|
| Rate per sq ft | ₹3,550 | ₹3,600 | ₹4,000 | ₹4,550 | ₹5,550 | ₹6,100 | ₹6,600 |
| Change | — | +1.4% | +11.1% | +13.7% | +22.0% | +9.9% | +8.2% |
What you should know about Zirakpur
- The area: Zirakpur is a fast-growing town in Punjab's Mohali district, right next to Chandigarh. Most homes for sale are 3 BHK flats in gated societies.
- Why prices moved: It sits where the Ambala–Chandigarh Expressway, NH-5 and the Zirakpur–Panchkula–Kalka highway meet, so Chandigarh, Panchkula and the airport are close. Flats here cost less than half of what they do in Chandigarh's southern sectors, which keeps buyers and tenants coming.
- What to watch: Peak-hour jams on the Zirakpur flyover and airport road, and waterlogging after heavy rain.
- Who it suits: Families and first-time buyers who want a big flat near Chandigarh on a mid-range budget.
- Rent: about 3% a year. A ₹1 crore home here would rent for roughly ₹25,000 a month.
- Outlook: our base case for 2030 is ₹8,800 per sq ft (range ₹7,400–₹9,800).
About these figures: Property Nivesh estimates for apartments. Our team compiled them from public listing data and market reports for each year and rounded them to the nearest ₹50. 2026* is the year so far.
Dera Bassi property rates
Dera Bassi costs about ₹4,200 per sq ft on average, the most affordable of the 5 localities here. It has gone from ₹2,650 in 2020 to ₹4,200 in 2025: up 58%. It rose 16.4% a year between 2023 and 2025.
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| Year | 2020 | 2021 | 2022 | 2023 | 2025 | 2026* |
|---|---|---|---|---|---|---|
| Rate per sq ft | ₹2,650 | ₹2,550 | ₹2,850 | ₹3,100 | ₹4,200 | ₹4,500 |
| Change | — | −3.8% | +11.8% | +8.8% | — | +7.1% |
What you should know about Dera Bassi
- The area: Dera Bassi is an industrial town and satellite of Chandigarh on the Ambala–Chandigarh highway (NH-152), past Zirakpur. It has affordable flats, houses and plots.
- Why prices moved: Low prices draw budget buyers: 2 BHK flats were listed from about ₹20 lakh in 2023. Flat asking prices rose about a quarter in the year to early 2025.
- What to watch: Illegal colonies, poor water supply and an accident-prone highway stretch are common complaints.
- Who it suits: Budget buyers who want a flat on the Zirakpur side of Chandigarh for less than Zirakpur prices.
- Rent: about 3% a year. A ₹1 crore home here would rent for roughly ₹25,000 a month.
- Outlook: our base case for 2030 is ₹6,600 per sq ft (range ₹5,300–₹8,400).
About these figures: Property Nivesh estimates for apartments. Our team compiled them from public listing data and market reports for each year and rounded them to the nearest ₹50. There is no figure for 2024: we leave a year blank rather than guess. 2026* is the year so far.
Chandigarh property price forecast, 2026–2030
Short answer: probably up, at a steadier pace. Our base case puts the Chandigarh average near ₹19,000 per sq ft by 2030, a rise of about 58% from today. Here is the full picture.
| Year | Low case | Base case | High case | Base-case growth |
|---|---|---|---|---|
| 2025 (actual) | — | ₹12,000 | — | — |
| 2026 | ₹12,800 | ₹13,600 | ₹13,800 | +13.2% |
| 2027 | ₹13,500 | ₹15,100 | ₹15,900 | +11.4% |
| 2028 | ₹14,200 | ₹16,600 | ₹18,300 | +9.6% |
| 2029 | ₹14,700 | ₹17,900 | ₹21,000 | +7.8% |
| 2030 | ₹15,200 | ₹19,000 | ₹24,100 | +6.1% |
Chandigarh average rate per sq ft. Forecast values rounded to the nearest ₹100.
| Locality | 2025 rate | 2030 low | 2030 base case | 2030 high |
|---|---|---|---|---|
| Sector 49, Chandigarh | ₹14,600 | ₹18,500 | ₹23,100 | ₹29,400 |
| New Chandigarh (Mullanpur) | ₹7,950 | ₹10,100 | ₹12,600 | ₹16,000 |
| Sector 20, Panchkula | ₹7,750 | ₹9,700 | ₹12,000 | ₹14,900 |
| Zirakpur | ₹6,100 | ₹7,400 | ₹8,800 | ₹9,800 |
| Dera Bassi | ₹4,200 | ₹5,300 | ₹6,600 | ₹8,400 |
How we worked out the forecast
We kept it simple on purpose, so you can check it yourself. It rests on two numbers:
- A starting pace. For the Chandigarh forecast that is the middle value of the latest yearly rises in the 5 localities on this page (16.4%). We use it because our tracker has the Chandigarh average for 2020 and 2025, not for every year in between. Each locality starts from its own latest yearly rise (where a year is missing, its average yearly rise across the gap). We cap the starting pace at 15% a year, because one fast year is not a trend; that applies to the Chandigarh average, Sector 49, Chandigarh, New Chandigarh (Mullanpur) and Dera Bassi.
- A long-run pace. We use 6.1% a year: the average yearly rise in NHB RESIDEX, the National Housing Bank's index of home values in 50 cities, over the 8 quarters from Q3 2024 to Q2 2026, as printed in NHB's press releases.
- Base case: growth starts at the starting pace and moves in equal steps towards the long-run pace, reaching it in year five. Fast markets tend to cool and slow ones tend to catch up.
- Low case: half the base-case growth each year. Think of a slower market or a few flat years.
- High case: the faster of the two paces, held for all five years.
That is all there is to it. The model does not know about interest rates, new supply, policy changes or a slowdown. Any of those can move prices well outside this range.
Please read before you use the forecast
- The forecast is based on our research and past rates only. It is an estimate, not a prediction you can rely on.
- It is not investment, financial, legal or tax advice, and it is not a recommendation to buy, sell or hold any property.
- Past growth does not guarantee future growth. Property prices can fall as well as rise.
- Rates are averages. A single project, tower or flat can be priced very differently.
- Talk to a qualified adviser and do your own checks (RERA registration, title, the builder's track record) before you decide.
How we get these rates
- What the numbers are: the Chandigarh city average is the average asking price per sq ft across the projects and listings our team tracks. The locality figures are Property Nivesh estimates: our team compiled them from public listing data and market reports for each year, then rounded them to the nearest ₹50. A year without a reliable figure is left blank, never guessed. None of these are registered sale prices or government circle rates.
- One number per year: the Chandigarh figures are our city average for 2020 and 2025; each locality below has a figure for every year we could pin down.
- Checked every month: we review the rates monthly. Once the current year has checks, its bar shows the average so far and is marked with a star (*). It firms up as the months come in. The starred locality figures are part-year estimates for the same reason.
- Who checks: the Property Nivesh Team writes these pages, and our editor reviews them before they go live. See our editorial policy and methodology.
- Sources: Property Nivesh price tracker and project pages; Property Nivesh estimates compiled from public listing data and market reports (locality figures); National Housing Bank, NHB RESIDEX press releases (for the long-run pace). NHB RESIDEX is a registered trademark of the National Housing Bank.
Questions people ask about Chandigarh property rates
What are property rates in Chandigarh right now? ＋
About ₹12,000 per sq ft on average (the city average on our tracker, 2025). Rates vary a lot by area: from ₹4,200 per sq ft in Dera Bassi to ₹14,600 per sq ft in Sector 49, Chandigarh.
How much have property prices grown in Chandigarh? ＋
Up 49% from 2020 to 2025 on our tracker, which works out to about 8% a year. New Chandigarh (Mullanpur) grew fastest of the areas on this page, by 109%.
Are property prices in Chandigarh still rising in 2026? ＋
Yes, by our estimates. In 2025, rates rose in all 4 localities on this page that have figures for both 2024 and 2025, by between 9.9% and 39.7%. The Chandigarh average on our tracker is up 49% since 2020.
What is the property price forecast for Chandigarh? ＋
Our base case puts the Chandigarh average near ₹19,000 per sq ft by 2030, within a range of ₹15,200 to ₹24,100. It is a simple projection from past rates and the national trend, not a promise and not investment advice. The method is explained on this page.
Which area of Chandigarh has the highest property rates? ＋
Of the 5 areas on this page, Sector 49, Chandigarh is the priciest, at about ₹14,600 per sq ft in 2025. New Chandigarh (Mullanpur) comes next at ₹7,950 per sq ft, and Dera Bassi is the most affordable at ₹4,200 per sq ft.
Is Chandigarh a good place to invest in property? ＋
We don't give investment advice, but here are the numbers that matter. Prices grew about 8% a year from 2020 to 2025, and rents return about 2.8% of the price a year before costs. Compare those with what your money earns elsewhere, check the project's RERA registration and the builder's record, and plan for prices to move slower than they did recently.
What is the rental yield in Chandigarh? ＋
About 2.8% a year before costs. In plain terms, a ₹1 crore home in Chandigarh would rent for roughly ₹23,300 a month.
How often are these rates updated? ＋
We check them every month. When a year's checks come in, that year's bar shows the average so far, and the figure firms up as the months pass. The rates were last reviewed on 13 October 2026.
Property rates in other cities
- Mohali property rates · ₹6,900 per sq ft
- Gurgaon property rates · ₹16,500 per sq ft
- Jaipur property rates · ₹5,600 per sq ft
- Lucknow property rates · ₹5,200 per sq ft
- Noida property rates · ₹11,200 per sq ft
- All cities: property rates in India
More on Chandigarh
Disclaimer: all figures are indicative and for general information. Property Nivesh is an independent research platform, not a broker or an agent for any developer. Rates, forecasts and project prices change, so confirm the current price with the developer and check RERA records before you pay anything.