Few Facts you can't ignore About Chennai Real Estate Market while Investing

Suppose you are planning to invest in Chennai’s real estate. In that case, it is essential to be aware of some information regarding the real estate market in Chennai. Investment in real estate is the most efficient way to earn profits or money. In addition, it is one of the top emerging areas for luxurious real estate. The value of properties in Chennai residences is expected to increase over the medium-to-long time. Massive FDI investments in the robust real estate market are cited to boost Chennai's profile in the world of investors. Chennai real estate has experienced a year of peace and calm despite the slowdown in economic growth. In the year 2019, Chennai has seen an annual increase of 6% in sales of residential properties. In the second part of the year, the city has experienced a rise of 8% in sales of residential homes annually.

No-cost housing and ready-to-move-in houses were the most prominent real estate market trend in Chennai.


1) Let's look at the most popular trends that will shape the real estate market in Chennai in the present years of 2020-21.

  • For the 2nd quarter of 2018, locations such as Porur, Siruseri, Tiruvallur, Pallikaranai, and East Tambaram had the highest demand for properties for sale in Chennai.

  • The majority of the latest launches were located lower than Rs45 lakh, accounting for eight-fourths of launches, as per the report. From the sales total, 40% of them were in the Rs45 lakh - the Rs75 lakh price range.

  • Some popular areas with homebuyers include Pallikaranai, Pallavaram, Perumbakkam along Padur located in Chennai south and Mogappair to Chennai west.

  • While the effect remained similar across all markets. Specific markets were more susceptible to the second phase of the pandemic. As a result, they were at the middle stage of the activity. The needs in these areas will take a longer time to recover from the shock they have suffered.

  • The property that was not sold in Chennai, with a value of 37,478, witnessed a slight rise of 3% in the second quarter of 2021. Due to slow launches and slow sales. The number of units was 37,697 in the first quarter of 2021.

  • Based on the research, the real estate industry will need approximately 42 months to sell the stock in hand compared to 36 months during the same period of the prior year.

2) The development in North Chennai


3) The development in South Chennai

Top Residential area's in Chennai

    • Boat Club

    • Poes Garden

    • Nungambakkam

    • Besant Nagar

  • Adyar

you Can read exciting more blogs about Chennai real estate at HonestBroker. as well as you can advertise your property free of cost.