December 27, 2025Chennai's real estate is seeing growth driven by infrastructure (Parandur Airport, Metro extensions), tech sector demand (GCCs), developer investments (DLF, Prestige), policy support (stamp duty relief, longer permit validity), and stable, value-focused appreciation, with areas like Pallavaram, OMR, and Tambaram booming, despite challenges like land acquisition and civic issues.
Key Recent Developments:
Infrastructure Focus: The massive Parandur Airport project is boosting connectivity and land acquisition, alongside ongoing Chennai Metro expansion and road projects like the Chittoor-Thatchur highway.
Government Support: The Tamil Nadu government is extending building permit validity to 5 years, offering stamp duty relief for first-sale properties, and identifying land banks for office development.
Commercial Growth: Global Capability Centers (GCCs) are driving office demand, with significant leasing activity in Chennai, notes ET Realty.
Investment & Development: Major players like Prestige Group (Medavakkam land deal) and DLF (commercial projects) are investing, while Bhasyam Developers acquired a large Standard Chartered plot.
Affordable Hotspot: Chennai is emerging as an affordable alternative to Bangalore/Hyderabad, offering stable appreciation and value-driven suburban markets, with 7-9% price growth projected for 2025-26, says Trade Brains.
Hotspots:
South Chennai: Pallavaram, Tambaram, Guduvanchery, Sholinganallur are key growth corridors due to IT hubs (OMR) and connectivity.
North Chennai: Madhavaram is seeing development, supported by metro and industrial park expansions.
Outlook:
Key Takeaway: Chennai's real estate is maturing, balancing steady growth with infrastructure-led expansion, offering attractive opportunities for both buyers and developers.
