Chennai’s residential real estate sector has kicked off 2025 on a positive trajectory, showing robust recovery and renewed buyer confidence, according to a recent report by the Confederation of Real Estate Developers’ Associations of India (CREDAI), Chennai.Covering the January to March 2025 period, the report highlights a surge in property registrations, steady sales of residential units, and a resilient market outlook. Homebuyers continue to favour projects nearing completion or those ready for immediate occupancy, reflecting a trend towards lower-risk investments.
The report also noted that the recent cut in the repo rate by the Reserve Bank of India, along with the Central government’s revised income tax slabs, has boosted sentiment—particularly among first-time homebuyers.
Residential unit sales rose by 7% compared to the previous quarter and recorded a 27% increase from the same period last year, reaching 3,783 units. Southern suburbs led in new project registrations, driven by infrastructure upgrades, including the ongoing Metro Phase II.
Emerging localities such as Parandur—site of the proposed new airport—along with Minjur, Chengalpattu, and Sriperumbudur, are attracting growing interest from buyers and are expected to sustain momentum in the months ahead.
CREDAI Chennai President A Mohamed Ali emphasized the government’s commitment to urban development through infrastructure and housing schemes. “These initiatives are improving liveability in suburban areas and making homeownership more accessible,” he said.
He added that the market is showing cautious optimism, with developers focusing on responsible launches and stronger regulatory adherence—indications of a maturing real estate sector ready for growth amid rapid urbanisation.