CREDAI Projects 25% Growth in Chennai Apartment Sales in 2025
The Confederation of Real Estate Developers` Associations of India (CREDAI) has forecasted a 25% growth in apartment sales in Chennai for 2025, with new project launches expected to increase by up to 20%.
A Mohamed Ali, president of CREDAI Chennai, stated that the residential market is poised for strong activity, with the festive season expected to boost buyer sentiment. He predicted a 15%-20% increase in Q4 sales and a 10%-15% rise in new project launches compared to Q3.
South Chennai remains a top choice for residential sales, with areas like Medavakkam, Tambaram, and Velachery seeing high demand due to improved infrastructure. North Chennai and Central Chennai are also gaining traction, particularly in Manali, Korukkupet, T Nagar, and Nungambakkam.
Mohamed Ali urged the government to streamline approval processes and provide support to utility providers, also suggesting policy measures like stamp duty discounts for women homebuyers to enhance affordability and buyer sentiment.
