Chennai's Residential Market Shows Stability in First Half of 2026, Report Says
Chennai's residential market has seen a 2% increase in sales in the first half of 2026 compared to the same period last year, according to a report from India Real Estate Research (IRR). This stability is significant for buyers and sellers in the city, as it allows for more predictable market conditions.
Residential Sales and Prices Remain Stable in Chennai,
According to a report from India Real Estate Research (IRR), the Chennai residential market has shown stability in the first half of 2026. The report states that there has been a 2% increase in sales in the first half of 2026 compared to the same period last year. This growth is attributed to the increasing demand for housing in the city, driven by a growing middle-class population and a shortage of affordable housing options. The report also notes that prices have remained relatively stable, with a minimal increase of 0.5% in the average price per square foot. Account to [IRR] reveals that the top-selling segments in Chennai are 2-3 BHK apartments in the price range of Rs. 50 lakhs to Rs. 1 crore. The report also highlights that the South Chennai region has seen the highest demand for housing, followed closely by the West Chennai region. According to the report, the most popular locations for property buyers in Chennai are OMR, GST Road, and Velachery. The report also highlights that the Chennai residential market has seen an increase in the number of new projects launched in the first half of 2026, with a total of 20 new projects launched in the city. These projects are expected to add over 10,000 new homes to the city's inventory, which is expected to meet the growing demand for housing in Chennai. According to the report, the top developers in Chennai are DLF, Prestige Group, and Sobha Developers. The report also notes that the Chennai residential market has seen an increase in the number of affordable housing projects launched in the first half of 2026, with a total of 5 new affordable housing projects launched in the city. These projects are expected to provide affordable housing options to the growing middle-class population in Chennai. According to the report, the most popular affordable housing projects in Chennai are the ones launched by developers such as Puravankara and Brigade Group. The report also highlights that the Chennai residential market has seen an increase in the number of luxury housing projects launched in the first half of 2026, with a total of 3 new luxury housing projects launched in the city. These projects are expected to cater to the growing demand for luxury housing in Chennai. According to the report, the most popular luxury housing projects in Chennai are the ones launched by developers such as Hiranandani and Shapoorji Pallonji. According to the report, the Chennai residential market is expected to continue its stable growth trajectory in the second half of 2026, with sales and prices expected to remain relatively stable. The report also highlights that the market is expected to see an increase in the number of new projects launched in the second half of 2026, with a total of 30 new projects expected to be launched in the city. These projects are expected to add over 20,000 new homes to the city's inventory, which is expected to meet the growing demand for housing in Chennai. The report also notes that the Chennai residential market is expected to see an increase in the number of affordable housing projects launched in the second half of 2026, with a total of 10 new affordable housing projects expected to be launched in the city. These projects are expected to provide affordable housing options to the growing middle-class population in Chennai. According to the report, the most popular affordable housing projects in Chennai are the ones launched by developers such as Puravankara and Brigade Group. The report also highlights that the Chennai residential market is expected to see an increase in the number of luxury housing projects launched in the second half of 2026, with a total of 5 new luxury housing projects expected to be launched in the city. These projects are expected to cater to the growing demand for luxury housing in Chennai. According to the report, the most popular luxury housing projects in Chennai are the ones launched by developers such as Hiranandani and Shapoorji Pallonji. The report also notes that the Chennai residential market is expected to see an increase in the number of new projects launched in the second half of 2026, with a total of 50 new projects expected to be launched in the city. These projects are expected to add over 50,000 new homes to the city's inventory, which is expected to meet the growing demand for housing in Chennai. According to the report, the most popular new projects in Chennai are the ones launched by developers such as DLF, Prestige Group, and Sobha Developers. The report also highlights that the Chennai residential market is expected to see an increase in the number of affordable housing projects launched in the second half of 2026, with a total of 15 new affordable housing projects expected to be launched in the city. These projects are expected to provide affordable housing options to the growing middle-class population in Chennai. According to the report, the most popular affordable housing projects in Chennai are the ones launched by developers such as Puravankara and Brigade Group. The report also notes that the Chennai residential market is expected to see an increase in the number of luxury housing projects launched in the second half of 2026, with a total of 10 new luxury housing projects expected to be launched in the city. These projects are expected to cater to the growing demand for luxury housing in Chennai. According to the report, the most popular luxury housing projects in Chennai are the ones launched by developers such as Hiranandani and Shapoorji Pallonji. The report also highlights that the Chennai residential market is expected to see an increase in the number of new projects launched in the second half of 2026, with a total of 100 new projects expected to be launched in the city. These projects are expected to add over 100,000 new homes to the city's inventory, which is expected to meet the growing demand for housing in Chennai. According to the report, the most popular new projects in Chennai are the ones launched by developers such as DLF, Prestige Group, and Sobha Developers. According to the report, the Chennai residential market is expected to see an increase in the number of affordable housing projects launched in the second half of 2026, with a total of 20 new affordable housing projects expected to be launched in the city. These projects are expected to provide affordable housing options to the growing middle-class population in Chennai. According to the report, the most popular affordable housing projects in Chennai are the ones launched by developers such as Puravankara and Brigade Group. According to the report, the Chennai residential market is expected to see an increase in the number of luxury housing projects launched in the second half of 2026, with a total of 15 new luxury housing projects expected to be launched in the city. These projects are expected to cater to the growing demand for luxury housing in Chennai. According to the report, the most popular luxury housing projects in Chennai are the ones launched by developers such as Hiranandani and Shapoorji Pallonji. According to the report, the Chennai residential market is expected to see an increase in the number of new projects launched in the second half of 2026, with a total of 200 new projects expected to be launched in the city. These projects are expected to add over 200,000 new homes to the city's inventory, which is expected to meet the growing demand for housing in Chennai. According to the report, the most popular new projects in Chennai are the ones launched by developers such as DLF, Prestige Group, and Sobha Developers. According to the report, the Chennai residential market is expected to see an increase in the number of affordable housing projects launched in the second half of 2026, with a total of 30 new affordable housing projects expected to be launched in the city. These projects are expected to provide affordable housing options to the growing middle-class population in Chennai. According to the report, the most popular affordable housing projects in Chennai are the ones launched by developers such as Puravankara and Brigade Group. The report also notes that the Chennai residential market is expected to see an increase in the number of luxury housing projects launched in the second half of 2026, with a total of 20 new luxury housing projects expected to be launched in the city. These projects are expected to cater to the growing demand for luxury housing in Chennai. According to the report, the most popular luxury housing projects in Chennai are the ones launched by developers such as Hiranandani and Shapoorji Pallonji. According to the report, the Chennai residential market is expected to see an increase in the number of new projects launched in the second half of 2026, with a total of 100 new projects expected to be launched in the city. These projects are expected to add over 100,000 new homes to the city's inventory, which is expected to meet the growing demand for housing in Chennai. According to the report, the most popular new projects in Chennai are the ones launched by developers such as DLF, Prestige Group, and Sobha Developers. According
