CREDAI optimistic about Chennai actual property sector

The report additionally stated that gross sales momentum remained regular with 3,783 Models Offered in Q1 2025, Up 7% Quarter-On -Quarter and 27% 12 months-or-Yaar from 2,983 Models Offered In Q1 2024. Accountted for 80% of the Gross sales Quantity.

Initiatives Neering Completion or Prepared-to-Occupy Continued to Be the Most popular Selection, Reflecting An Growing Purchaser Base Centered on High quality and Well timed Supply. The current Reductions within the repo price and the Central Authorities’s Revised Revenue Tax Slabs have additional supported purchaser sentiment, notably amongst first-time residence seekers.

Challenge registration Exercise Remained Secure, with 61 New Residential Initiatives registered in Chennai in the course of the Quarter. This marked a Slight Moderation from the 78 Initiatives Recorded in Q1 2024.

Credai in its report additionally famous that as of March 2025, UNSOLD Residential Stock in Accomplished Initiatives Stood at 7,872 Models, Reflecting Secure Ranges In comparison with the Earlier QuaARATER. Credai Members Held 5,937 of those models.

“The federal government’s concentrate on Inclusive City Improvement By way of Schemes and New Infrastructure Investments in Suburban Corridors is enhancing liveability and making of the inhabitants. Compliance, “He Added.

“The Current Reductions within the Repo Fee and the Central Authorities’s Revised Revenue Tax Slabs will additional assist purchaser sentiment, Significantly Amongst first-time residence seekers. Into the Subsequent Quarter as Properly, Particularly with Infrastructure-Places Attracting Renewed Investor and Finish-Huser Curiosity, “stated assalm p. mohamed, secretery, credai chennai.