Chennai's residential market witnesses transformation through premium offerings with modern amenities, driven by IT sector growth and demand in emerging neighborhoods. Rising prices, smart tech integration, and luxury housing trends shape the evolving market landscape.
Chennai's real estate sector integrates sensorless technology to optimize energy use, enhance operational efficiency and redefine smart building standards in 2025.
Despite an 8% year-on-year increase to 16,729 units in H2 2024, Chennai's housing market maintains healthy sales velocity, indicated by a 4.3-quarters QTS metric. Developers refocus on affordable mid-range projects amid stable demand but slower absorption rates compared to competitive metro markets.
Kanchipuram's property market shows steady growth in 2025, with average prices reaching ₹4,407/sq.ft. Infrastructure developments, economic expansion, and diverse housing options drive demand, attracting investors and homebuyers.
Chennai-based Sameera Group announces ₹500 crore investment to develop 1,000 senior living homes in Bengaluru, Chennai, Vellore, and Kancheepuram, partnering with Vedaanta Senior Living to address South India's aging population needs and redefine senior care infrastructure.
Kanchipuram's Sameera Kanchi Big Town is nearing completion. This 21.35-acre RERA-registered plotted development offers 454 residential plots from 600–4275 sq.ft., ideal for construction. Targeting possession by February 2025, it promises strategic investment potential in Chennai's expanding market.
The Chennai Metro's expansion boosts property values in accessible areas, driving demand for residential and commercial spaces while fostering sustainable urban development.
Suburban areas of Chennai have seen remarkable price growth, driven by improved connectivity and demand for larger homes, outpacing central areas.
Chennai’s real estate market poised for 25% growth in 2025, driven by CREDAI’s predictions, strong demand in South Chennai suburbs like Medavakkam, Tambaram, Velachery, and Porur, and improved infrastructure.
Institutional investment in Indian real estate to grow by 14.6% to Rs 395 billion in 2021, driven by optimism in commercial office assets.
Housing sales in top 8 Indian cities fell 6% in Apr-Jun quarter due to Lok Sabha polls, despite 42% YoY growth.
The recent release of electoral bond data by the Election Commission reveals substantial political contributions from various real estate companies, led by DLF and Chennai Green Woods.
Casagrand Suncity, Chennai, sold over 900 units in 5 days. The 40-acre township, endorsed by Silambarasan, features Roman architecture, 130+ amenities and opulent apartments.
Sales of luxury homes valued at Rs 4 crore and above rose 97% over the previous year in major Indian cities from January to September 2023.
Godrej Sunrise Estate, Godrej Properties’ first planned development in Chennai, offers residential plots ranging from 600 to 2400 sq ft, surrounded by greenery near Oragadam.
Chennai's SPR Highliving District, home to the city's tallest building, offers luxury living, extensive amenities, and a commitment to modern urban infrastructure.
Tamil Nadu Real Estate Regulatory Authority (TNRERA) ruled that developers collecting payments without a contract violates the TNRERA Act.
TNRERA Denies Compensation for Delayed Delivery and Lack of Car Parking
Ascendas Property Fund Trustee signs a forward purchase agreement with Casa Grande Group to acquire an industrial plant in Mahindra World City, Chennai.
Emaar MGF's 'The Avenue' residential project in Chennai receives completion certificate for 7 of the 232 units. This 14-acre project includes a clubhouse and amenities.
Salarpuria Sattva Group is expanding to Coimbatore's real estate market despite slowdown, aiming to leverage upcoming projects and city growth.
The housing sector is expected to face a supply shortage this year, with under-construction projects progressing slower than anticipated. Buyers may face delays as completion targets are unlikely to be met.
Bangalore leads India with seven housing projects for seniors, surpassing other cities like Chennai and Pune, according to a JLL report focused on senior housing development.
CMDA approves converting vacant IT buildings in Chennai into shopping malls and office spaces, a move welcomed by developers.
Essel Financial Services Ltd's private equity wing is set to launch a Rs.1000 Cr real estate fund focusing on residential projects across top cities in India.