Optimism about Chennai’s real estate sector

The report also said sales momentum remained steady, with 3,783 units sold in the first quarter of 2025, and stocks rose 7% in the quarter, up 27% year-on-year from the 2,983 units sold in the first quarter of 2024. Among them, Credai Developers accounts for 80% of sales.

Nearly completed or ready-made projects continue to be the preferred option, reflecting an increasingly discerning buyer group focusing on quality and timely delivery. Recent reductions in buyback rates and the central government’s revised income tax tablet further support buyer sentiment, especially among those seeking a home for the first time.

Project registration activities remained stable, with 61 new residential projects registered in Chennai this quarter. This marks a slight modestness of the 78 items recorded in Q1 2024.

Credai also noted in its report that as of March 2025, the unsold residential inventory in completed projects was 7,872, reflecting a stable level compared to the previous quarter. Creditai members hold 5,937 units.

“The government’s focus through plans and new infrastructure investments in the new suburban corridor is to enhance livability, make it easier for a wider population to access livability and make it easier for homes to access the market’s measurement base.

“Recent repurchase rates and the reduction in the central government’s revised income tax tablet will further support buyer sentiment, especially among those seeking homes for the first time. We hope that this momentum will also continue into the next quarter, especially in infrastructure-led locations, attracting new investors and end-user benefits,” Asalm P. Mohamed Mohamed servingai of Credary, Credai chennai.