Chennai’s real estate market is poised for a significant rebound in 2025, with CREDAI projecting a 25% growth in apartment sales. Discover the key factors driving this resurgence and what it means for buyers and investors.
After facing challenges in 2024, Chennai’s real estate sector is gearing up for a robust recovery in 2025. The Confederation of Real Estate Developers’ Associations of India (CREDAI) anticipates up to a 25% increase in apartment sales, signaling renewed confidence among developers and buyers alike.(chennailand.com)
Market Outlook and Projections
According to CREDAI Chennai President A. Mohamed Ali, the residential market is expected to build on the momentum from late 2024, with sales growth projected between 20%–25% in 2025. New project launches are also anticipated to grow by 15%–20%, particularly in emerging regions benefiting from enhanced infrastructure and urban expansion. (dtnext)
Key Growth Drivers
- Infrastructure Developments: Major projects like the Chennai Metro Phase 2, the proposed Greenfield Airport at Parandur, and the Chennai-Bangalore Expressway are set to enhance connectivity and boost property demand in surrounding areas. (estates61.com)
- Government Initiatives: CREDAI has urged the government to simplify approval processes and consider policy measures like stamp duty discounts for women homebuyers, similar to successful initiatives in other states. (dtnext)
Regional Highlights
- South Chennai: Areas like Medavakkam, Tambaram, Velachery, and Porur continue to see strong demand due to improved infrastructure.(dtnext)
- North Chennai: Localities such as Manali and Korukkupet are gaining traction, thanks to new development projects.(dtnext)
- Central Chennai: Neighborhoods like T Nagar, Nungambakkam, and Chetpet remain attractive for their proximity to commercial hubs.(dtnext)
- Western Chennai: Regions like Ambattur and Avadi are being preferred for their better connectivity and affordable housing options.(dtnext)
Challenges and Considerations
Despite the optimistic outlook, the market faces challenges. In early 2024, residential unit sales in Chennai dropped by 44% over two quarters, attributed to frequent changes in registration charges and a lack of clear directives regarding under-construction projects. (The New Indian Express)
Conclusion
Chennai’s real estate market is on the cusp of a significant resurgence in 2025, driven by infrastructural advancements and supportive policies. While challenges persist, the projected growth offers promising opportunities for buyers and investors seeking to capitalize on the city’s evolving landscape.
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