Chennai's real estate market in early 2026 is experiencing significant growth

February 3, 2026

Key Recent Developments (2026):
Market Growth: The city recorded a 31% jump in premium residential sales (properties costing ₹1.5 crore and above) in the recent quarter, BusinessLine reported.
Investments & Projects: Prestige Group acquired 16.38 acres in a joint venture for ₹561 crore, while TVS Emerald raised ₹425 crore from IFC for new projects.
Industrial/Commercial Growth: Warehouse leasing saw a 50% increase in H2 2025, with strong demand in Sriperumbudur and Periyapalayam.
Regulatory Changes: A three-bank account system for real estate projects takes effect in Jan 2026 to improve transparency.
Hotspots: High demand continues in Sholinganallur, Medavakkam, Navalur, and Perambur due to metro and infrastructure improvements.
Concerns: Residents are opposing a Chennai Metropolitan Development Authority (CMDA) ban on building permits within a 1km radius of Pallikaranai marshland.
Price Trends: Residential property prices have seen a steady appreciation of 5% to 7% driven by infrastructure development, notes MP Developers.