Wed Apr 30 20:55:33 UTC 2025: ## Chennai Real Estate Market Shows Strong Growth in Q1 2025
**Chennai, India (May 1, 2025)** – The Chennai real estate market experienced a surge in activity during the first quarter of 2025, according to a new report by the Confederation of Real Estate Developers’ Associations of India (CREDAI) Chennai. A total of 8,042 residential units were registered, marking an 11% increase compared to the same period in 2024. This growth is driven by a combination of factors, including government initiatives and favorable economic conditions.
CREDAI Chennai members played a significant role, accounting for 92% of the registered units (7,412 units), a 17% year-on-year increase. Sales momentum also remained strong, with 3,783 units sold – a 7% quarter-on-quarter and 27% year-on-year increase. Ready-to-occupy and nearing-completion projects were particularly popular, reflecting buyer preference for quality and timely delivery.
The report attributes the positive market sentiment to recent reductions in the repo rate and the Central government’s revised income tax slabs, making homeownership more accessible, especially for first-time buyers. While new project registrations saw a slight decrease to 61 from 78 in Q1 2024, unsold inventory in completed projects remained stable at 7,872 units.
CREDAI Chennai President A. Mohamed Ali expressed measured optimism, highlighting the government’s focus on inclusive urban development and infrastructure investments in suburban areas. Secretary Asalm P. Mohamed expects the positive momentum to continue into the next quarter, fueled by interest in infrastructure-led locations. Developers, he added, are adopting a cautious approach to new launches while prioritizing regulatory compliance.
First Piper 