Locations · 2 Oct 2026 · 4 min
A first home, until the card runs to ₹4.59 crore.
Sector 115 fits a first home. It does not fit every card in the sector
For anyone searching property in Mohali, flats in Sector 115 Mohali, plots in Sector 115 Mohali.
The flat average is a budget belt. One project card runs from ₹39.9 lakh to ₹4.59 crore. Those cannot be neighbours.
Magicbricks, Apr–Jun 2026: Sector 115 flats ₹3,706–5,732 a sq ft, average ₹4,719, up 5% on the quarter. A 2 BHK card was ₹45 lakh, about ₹2,778 a sq ft. That is a first-home belt, and it is one of the localities Magicbricks ranks at the top of a Mohali search. It is not Sector 116, and it is not IT City.
Defence Homes’ Magicbricks card ran from ₹39.9 lakh to ₹4.59 crore. Gillco Valley’s plotted stock is also filed across 115 and 127. A villa card and a ₹45 lakh 2 BHK can both be true. They are not the same house. The decision: if the budget is a first flat, use the 2 BHK card and the average, and make the seller point at that unit. If the budget is a plot, ask for Gillco Valley’s paper, not the flat index.