CREDAI Chennai, housing sales in 2025 are expected to cross 15,000 units, registering an 18% increase over 2024, when sales stood at 12,942 units in 2024. Despite broader economic uncertainties, prices saw only marginal adjustments, reinforcing the inherent stability of Chennai’s residential real estate market. In 2025, Chennai witnessed robust growth in project launches alongside steady sales momentum. CREDAI data indicates 26,482 units launched across about 250 projects till October, with full-year launches expected to be nearly 20% higher than 2024.Strong sales traction was recorded across South and West Chennai, particularly along OMR, GST Road, Porur–Poonamallee Road, Radial Road, and the emerging western suburbs, driven by improved infrastructure, metro connectivity, and access to employment hubs.
CREDAI Chennai expects South and West Chennai to continue as the primary residential growth corridors in 2026, supported by metro expansion, road infrastructure, and proximity to major employment centres. The new Kuthambakkam bus terminus and Chennai Metro Corridor 4 have already led to heightened residential interest in western suburbs. Redevelopment-led growth in Central and North Chennai can gain further momentum with improved clarity from the government on the Tamil Nadu Apartment Ownership Act, which is expected to attract more homebuyers and accelerate redevelopment projects. To further boost affordable housing, CREDAI advocates aligning registration and stamp duty charges for PMAY-U 2.0 dwelling units below 60 sq. m. with national guidelines. Recognising compact and studio housing designs as habitable dwelling units, particularly for single-parent households and working women, will further expand access to homeownership.
RBI repo rate cuts, GST rationalisation on select construction materials, and supportive policy measures are expected to further enhance affordability and strengthen buyer sentiment, particularly in the affordable housing segment in 2026, said Mr. Mohamed Ali, President of CREDAI Chennai
