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.
Residential real estate sees a rebound, with increased inquiries and transactions in the low to mid-end segment, driven by price corrections and low interest rates.