Chennai’s residential market stable during first half of 2026, says report
Chennai's residential real estate market showed stability in the first half of 2026, with a 3% increase in sales despite election-related uncertainty. Prices rose by 5% annually, driven by demand for mid-to-premium housing and infrastructure improvements.
Chennai’s residential market remained stable during the first half of 2026, despite Tamil Nadu Assembly elections, with housing sales growing by 3% year on year (YoY) to 9,198 units, while launches dipped moderately by 0.3% YoY at 9,588 units. Average residential prices appreciated by 5% YoY to ₹7,555 per sq.ft, according to Knight Frank India’s latest report, India Real Estate: Residential and Office H1 2026 (January–June 2026).
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