Recent market assessments show that property prices in the Tamil Nadu capital increased by around 16% over the past year, driven by a rising demand for quality housing. This upward trend in average pricing reflects higher input costs—such as land, construction materials, and labour—along with sustained buyer interest across major micro-markets. Over the past five years, the average cost of owning a home in Chennai has risen considerably, making it marginally more expensive than some other major southern cities. By the end of 2024, the average property price reached approximately ?7,173 per sq ft, highlighting the city’s evolving residential landscape. Chennai, which has emerged as a key destination for senior living and community-focused developments, also recorded an 8% rise in home sales in 2024, compared to the previous year. New project launches increased by 11% during the same period. The mid-income housing category—particularly homes priced up to ?75 lakh—continued to dominate demand, accounting for more than half of all homebuyer interest. Among configurations, 2BHK homes remained the most preferred choice, underscoring the city’s balanced affordability and lifestyle appeal. Although growth in Chennai was once seen as relatively modest, the past five years have marked a significant transformation. Planned infrastructure initiatives, including development along the 62-km Outer Ring Road to support a projected surge in population, demonstrate how perceptions about the city’s real estate potential have evolved. Supportive government policies, improved connectivity, and ongoing infrastructure enhancements have strengthened consumer confidence, motivating leading developers to introduce new residential projects. Overall, Chennai appears well-positioned for even stronger growth in 2025, as homebuyers increasingly prioritise cities that offer a higher quality of life and long-term sustainability.