Chennai residential market – 4357 units sold in the first quarter in 2025!!
According to Knight Frank India, the residential market in Chennai had witnessed 10percent year on year growth in sales. In the first quarter of 2025, as many as 4357 units have been sold. There was an increase in the new launches also and 4576 units were launched. Information is that there has been 5percent year on year growth.
The average weighted residential price increased by 7percent year on year reaching 4854 per square feet. This has been mentioned in the latest report from Knight Frank titled India Real Estate: Office and Residential (January- March 2025) QI 2025.
It is worth mentioning here that in the first quarter of 2025 Chennai based commercial real estate sector recorded transactions totalling 1,8million sq ft. This corresponds to 56percen year on year growth. During the first quarter, Chennai also witnessed the completion of 0.2 million sq feet of new office spaces during the quarter.
Point is that the average rents increased 3 percent year on year in the commercial space segment. The average rents have touched Rs 69.2 per sqft per month. This has revealed about the steady rise in the occupier demand. In the city’s office market, the GCC or Global Capability Centres were the important demand drivers. The GCCs have accounted for 0.9million sqft of transactions.
As per Mr. Srinivas Anikipatti, executive director of Knight Frank India, the real estate market in Chennai demonstrated a steady momentum in QI2025. Positive tone has been set for the rest of 2025..
He threw light on how the commercial sectors` strong leasing activity especially from GCC’s and flex space operators etc reflected the Chennai city’s growing appeal as a strategic business hub. He concluded that stable demand and rising property values (on the residential front) reveal a resilient market supported by infrastructure development and an expanding economic base.
