Real Estate
Chennai Records 4,763 Home Sales in Q1 2026; Mid and Premium Segments Drive Growth
Chennai home sales crossed 4,763 units in Q1 2026, rising 9% year-on-year from 4,357 units, making it the fastest-growing residential market among major cities, according to a report by Knight Frank India.
Chennai, Ap
Chennai, April 14: New launches also saw momentum, increasing 12% YoY to 5,112 units , up from 4,576 units a year ago. Residential prices climbed 6% YoY , indicating sustained demand.
Shift Toward Mid and Premium Housing
| Price Segment | YoY Change |
|---|---|
| Sub-₹50 lakh | -39% (sharp decline) |
| ₹50 lakh – ₹1 crore | +19% |
| ₹2–5 crore | +52% (surge) |
Segment-Wise Sales (Q1 2026)
| Price Segment | Units Sold |
|---|---|
| ₹50 lakh – ₹1 crore | 2,278 (largest contributor) |
| ₹1–2 crore | 1,240 |
| ₹2–5 crore | 557 |
| ₹5–10 crore | 74 |
| Above ₹10 crore | 21 |
Expert View
Joseph Thilak, National Director, Occupier Strategy and Solutions (Hyderabad, Chennai and Kochi), Knight Frank India, said: "On the residential side, the market has recorded healthy growth in both sales and launches, with strong traction in mid and premium segments. This reflects evolving homebuyer preferences and sustained end-user demand."
National Context
Housing sales across India's top eight cities moderated by 4% YoY to 84,827 units in Q1 2026, down from 88,361 units. Chennai was among the few cities showing resilience alongside Bengaluru and Hyderabad.