Why Mohali's Sector 115-117 Belt Has Become the Airport Road Address of Choice for Business Owners # मोहाली के Sector 115-117 बेल्ट में व्यावसायिक मालिकों के लिए Airport Road पता क्यों बन गया है Why Mohali's Sector 115-117 Belt Has Become the Airport Road Address of Choice for Business Owners

There is a category of business address that does not announce itself
loudly but that serious operators quietly converge on over time. Mohali's
Sector 115 to 117 belt on Airport Road has become exactly that. It does
not have the brand visibility of Chandigarh's Sector 17 or the corporate
density of IT City. What it has is a specific combination of highway
access, airport proximity, land availability at commercial-but-not-premium
pricing, and an emerging peer group of businesses that makes the address
increasingly self-reinforcing.

The belt has changed visibly since 2022. The commercial activity that
existed along Airport Road in 2020 was thin: a handful of petrol stations,
some building material yards, and scattered offices serving the airport
corridor's early construction activity. In April 2026, the same stretch
hosts professional offices for real estate firms, chartered accountants,
logistics coordinators, legal practitioners specialising in property and
immigration, travel and visa agencies, and a growing number of construction
and civil engineering contractors who have chosen Airport Road as their
operational base precisely because their clients and projects are clustered
between the airport and central Mohali.

The Geography That Makes the Belt Work

The Sector 115 to 117 belt's commercial logic begins with its position on the map. Airport Road is the primary arterial connecting SBS International Airport to NH-44 and the broader Mohali road network. Every vehicle travelling between the airport and central Mohali, between the Aerotropolis and Chandigarh, and between the airport and the Mohali residential belt passes through or alongside this corridor. Visibility and accessibility from a single arterial road are the two things most commercial tenants need, and Airport Road delivers both.

Sector 117 sits at the junction of Airport Road and the Aerotropolis
approach, making it the functional pivot between the township and
the established city. A business located in Sector 117 can reach
Pocket A of the Aerotropolis in eight minutes, Chandigarh's Sector
17 in twenty-five minutes, and the Mohali Phase 6 commercial belt
in fifteen minutes. That triangle of access covers the three most
active commercial destinations in the tricity and it is accessible
from a single ground-floor office address.

Sector 115 and 116 extend the belt southward along Airport Road
toward NH-44. These sectors have attracted businesses that
need slightly larger footprints or lower per-square-foot rents
than Sector 117 commands, particularly logistics operators,
construction material suppliers, and businesses that require
vehicle access for goods rather than foot traffic for clients.

What Has Driven the Commercial Clustering Since 2022

Four converging factors have concentrated commercial activity in this belt over the past four years, and they reinforce each other in a way that makes the clustering self-sustaining rather than coincidental.

The Aerotropolis secondary market's growth has generated
an entire services ecosystem that needs to be physically
close to both the township and the airport. Real estate
dealers, legal practitioners handling LOI transfers,
valuers, GMADA liaison agents, and financial advisors
serving NRI buyers all benefit from an Airport Road
address. Being on the road that connects the airport
to the Aerotropolis means clients arriving from overseas
or driving in from the township pass the office front
without a detour. The secondary market's growth since
2022 has been the single largest driver of new commercial
tenancy in the Sector 115 to 117 belt.

The airport's passenger growth has made Airport Road
a premium address for travel-related businesses. Visa
agencies, travel consultants, immigration advisors,
and forex operators have clustered along this stretch
because their clientele is concentrated among frequent
flyers and NRI travellers for whom Airport Road is
already a familiar route. A visa agency in Sector
116 is five minutes from the terminal and directly
on the road a traveller takes to reach the airport.
The locational logic for this business category
is as direct as it gets.

The construction and infrastructure activity in the
Aerotropolis and adjacent sectors has filled the
belt with construction-sector businesses. Civil
contractors, structural engineers, quantity surveyors,
and building material suppliers who are working
on Aerotropolis projects, GMADA infrastructure
contracts, and private developer builds across
the airport corridor have established operational
bases in Sectors 115 to 117 because their project
sites are within a ten-to-fifteen-minute drive
and the road connectivity to NH-44 allows equipment
and materials to move without navigating central
Mohali's internal road network.

Land and commercial property in the belt has
remained accessible compared to Mohali's
established commercial sectors. SCO units
and ground-floor commercial space along
Airport Road in Sectors 115 to 117 trade
and rent at rates that are meaningfully
below the Mohali Phase 6 and Sector 82
belt, which has drawn cost-conscious
professional tenants who want the
airport address without the Phase 6
premium. As Aerotropolis development
raises the profile of the entire
airport corridor, the gap between
Airport Road commercial rates and
Phase 6 rates has been compressing
gradually, which has benefited
early commercial buyers in the belt.

What the Commercial Property Market Looks Like in April 2026

SCO units along Airport Road in Sector 117 are currently transacting and renting at rates that reflect the belt's rising profile without yet reaching the levels of Mohali's most established commercial corridors. Ground-floor SCO units in prime Airport Road positions are generating rental interest from the business categories described above at monthly rentals that represent a meaningful improvement over the 2022 baseline.

The occupancy profile along the belt is mixed
in a way that reflects a corridor in transition
rather than a mature commercial strip. Fully
tenanted and operational commercial buildings
coexist with under-construction SCO blocks
and vacant plots that were acquired by
investors who are holding for the corridor's
continued appreciation. This coexistence is
characteristic of a commercial belt in its
first serious development phase, not a signal
of weak demand.

Rental yields for operational Airport Road
SCO units in Sector 117 are being achieved
at levels that compare favourably with
established Mohali commercial properties
when the entry price is factored in.
An investor who acquired a ground-floor
SCO in Sector 116 or 117 in 2021 or 2022
at corridor pricing rather than established
commercial rates is now sitting on an
asset whose rental income reflects
the belt's 2026 profile rather than
its 2021 character.

The Peer Group Effect

One of the most reliable accelerants of commercial address formation is the peer group effect: when businesses whose clients overlap choose the same corridor, each new arrival increases the corridor's utility for the ones already there.

Airport Road is exhibiting this effect in April 2026.
A real estate dealer with an office in Sector 117
benefits from having a legal practitioner specialising
in property transfers in the same building or the
next block. That lawyer benefits from the proximity
of a GMADA liaison agent who can manage mutation
applications. The GMADA liaison agent benefits
from having a financial advisor handling NRI
remittance documentation in the same corridor.
The NRI client who arrives from the airport
and needs all three services can complete
their transaction-related requirements within
a single drive along Airport Road rather
than navigating across three different
Mohali sectors.

This clustering of complementary services
is not planned. It is organic, and it is
the most durable form of commercial address
formation because it is demand-driven rather
than developer-driven. The corridor is not
being marketed as a commercial zone. It is
becoming one because the businesses that
locate there find that the location works.

What the Belt's Trajectory Implies

The Sector 115 to 117 belt in April 2026 is at an earlier stage of its commercial development arc than it will be in five years. The Aerotropolis township is still mid-build. IXC's passenger expansion is ongoing. The MIEZ, if and when it delivers commercial tenant density, will substantially increase the volume of business activity running through the airport corridor.

Each of those developments increases
the commercial utility of a belt that
already sits at the corridor's geographic
centre. More Aerotropolis residents
mean more demand for the services
clustered on Airport Road. A larger
airport means more travel-related
business and more frequent-flyer
professionals choosing the corridor.
MIEZ commercial activity means
more business-to-business services
locating within reach of the zone.

The businesses and investors who
have established themselves in
Sectors 115 to 117 since 2022
have positioned at a point in
the belt's development where
the logic was clear but the
evidence was still forming.
In April 2026, the evidence
is forming visibly. The
question for a business
or investor considering
the belt now is not
whether Airport Road
will become a serious
commercial address
but whether the current
pricing still reflects
early-stage positioning
or whether the
corridor's rise
has already been
fully priced in.

The answer, based
on the gap that
remains between
Airport Road rates
and Phase 6 rates
for comparable
commercial space,
is that the corridor
has been partially
re-rated but has
not converged.
The full convergence,
if it comes, will
arrive as the
Aerotropolis
township matures
and the airport
expansion completes.
Both are underway.
Neither is finished.

Commercial listings along Airport Road
and in Mohali's established sectors
are covered in the broader corridor
intelligence on the [market intelligence](/market)
page. Readers researching office or
SCO options in the airport belt
can cross-reference with Aerotropolis
pocket development status on the
[about aerotropolis](/about-aerotropolis) page.

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*This article is market intelligence published
by Mohali Aerotropolis as of April 2026.
Commercial rental and transaction rates
referenced are indicative and based on
market observation. Individual property
outcomes depend on specific location,
condition, tenancy, and negotiation.
This article does not constitute
investment or commercial property advice.
Readers should conduct independent
due diligence before any commercial
property transaction.*