Chennai only city to see increase in housing demand

Housing sales declined by an estimated 20% to 96,285 units during the April–June quarter across seven major cities including Delhi-NCR, Mumbai Metropolitan Region, Bengaluru, Hyderabad, Pune, and Kolkata, down from 1,20,335 units in the same period last year. Chennai was the only city to buck the trend, recording an increase in housing demand. This rise was largely driven by the growing presence of Global Capability Centres (GCCs) in the city over the past two years, which has fueled a parallel surge in residential demand, an analysis by Anarock has shown. Of all the cities, only Chennai witnessed an 11% year-on-year rise in housing sales, with approximately 5,660 units sold in Q2 2025, compared to 5,100 units in Q2 2024. On a quarter-on-quarter basis, the city saw a sharp 40% jump in sales, it said. Various factors have contributed for the yearly increase in housing sales (11%) in Chennai. The increase in new launches by the developers have contributed to the rise in sales as well in the quarter, 65% yearly increase in new launches while 79% quarterly rise, as per Anarock Research. Chennai added approximately 8,525 housing units in Q2 2025, a quarterly increase of 79% against Q1 2025 and an annual increase of 65%. Over 79% of new supply was added in the mid and premium segments. The city saw approximately 5,660 units sold in Q2 2025, increasing by 40% against Q1 2025. Annually, it saw a 11% rise in sales, the analysis showed. The growing demand for office space by the GCCs in Chennai in the last two years has invariably led to high demand for housing as well. Global capability centres, also known as GCCs or GICs, are offshore units of multinational corporations that operate across the globe. These centres are responsible for providing various support services, such as IT, finance, human resources, and analytics, to their parent organisations. Earlier, these units were primarily established to offshore back-office processes, but that is not the case today. GCCs of today handle more complex line items across the organisation’s value chain. @@@