{"id":28519,"date":"2026-04-07T13:41:58","date_gmt":"2026-04-07T13:41:58","guid":{"rendered":"https:\/\/faceinews.com\/?p=28519"},"modified":"2026-04-07T13:44:14","modified_gmt":"2026-04-07T13:44:14","slug":"chennais-residential-sales-growth-highest-among-major-cities-records-1-5-mn-sq-ft-office-leasing-in-q1-2026-knight-frank-india","status":"publish","type":"post","link":"https:\/\/faceinews.com\/?p=28519","title":{"rendered":"Chennai\u2019s Residential Sales Growth Highest Among Major Cities; Records 1.5 mn sq ft Office Leasing in Q1 2026: Knight Frank India"},"content":{"rendered":"

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Chennai\u2019s Residential Sales Growth Highest Among Major Cities; Records 1.5 mn sq ft Office Leasing in Q1 2026: Knight Frank India<\/p>\n

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Office rentals in Chennai increased 8% YoY, indicating sustained occupier demand<\/p>\n

Residential sales in the INR 20\u201350 mn segment recorded 52% YoY growth<\/p>\n

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Chennai, April 07, 2026: Knight Frank India, a leading international property consultancy, in its latest report, India Real Estate: Office and Residential Market (January – March 2026) Q1 2026 noted that Chennai\u2019s office market recorded leasing activity of 1.5 mn sq ft in Q1 2026, while new completions stood at 0.5 mn sq ft. Office rentals also registered an 8% YoY increase, reflecting steady occupier demand despite moderation in transaction volumes.<\/p>\n

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Chennai\u2019s commercial real estate market witnessed leasing activity driven primarily by Global Capability Centres (GCCs), followed by India-facing businesses and flex operators, reflecting a diversified occupier base.<\/p>\n

End-Use Category Split (Chennai \u2013 Q1 2026)<\/strong><\/p>\n

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Chennai\u2019s residential market led all major cities in terms of growth momentum in Q1 2026, registering the highest year-on-year increase in both sales and new launches. Chennai\u2019s residential market recorded 4,763 units sold in Q1 2026, compared to 4,357 units in Q1 2025, reflecting a 9% YoY growth. New launches stood at 5,112 units, compared to 4,576 units in Q1 2025, registering a 12% YoY increase. The city\u2019s weighted average residential prices rose by 6% YoY, indicating steady demand momentum.<\/p>\n

Residential Sales and Launches<\/strong><\/p>\n

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Joseph Thilak, National Director \u2013 Occupier Strategy and Solutions (Hyderabad, Chennai and Kochi), Knight Frank India, said, \u201cChennai\u2019s real estate market has demonstrated balanced performance in Q1 2026. While office leasing activity has moderated, the sharp increase in completions highlights developer confidence and a robust supply pipeline. The continued dominance of GCCs and India-facing occupiers reinforces Chennai\u2019s position as a preferred commercial destination. 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.\u201d<\/p>\n

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Chennai\u2019s residential market exhibited a clear shift in demand across ticket sizes, with traction moving away from the affordable segment toward mid and premium housing. The sub-INR 5 mn segment saw a 39% decline, indicating a relative moderation in entry-level demand. Notably, Chennai also bucked the broader trend in the mid-segment, with INR 5\u201310 mn sales rising 19% despite muted performance in most other cities, underscoring the city\u2019s resilience in this category. At the higher end, demand remained robust, with the INR 10+ million segments growing steadily\u2014particularly the INR 20\u201350 million bracket, which surged 52% year-on-year\u2014pointing to rising traction in premium housing.<\/p>\n

Ticket-Size Split of Sales \u2013 Chennai<\/p>\n

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Chennai\u2019s Residential Sales Growth Highest Among Major Cities; Records 1.5 mn sq ft Office Leasing in Q1 2026: Knight Frank India Office rentals in Chennai increased 8% YoY, indicating sustained occupier demand Residential sales in the INR 20\u201350 mn segment recorded 52% YoY growth   Chennai, April 07, 2026: Knight Frank India, a leading international […]<\/p>\n","protected":false},"author":2,"featured_media":28520,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32,29,10,30,11,27,34,28],"tags":[],"class_list":["post-28519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-classifieds","category-corporate","category-finance","category-new-hopes","category-news","category-technology","category-value-added-services"],"_links":{"self":[{"href":"https:\/\/faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/28519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28519"}],"version-history":[{"count":3,"href":"https:\/\/faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/28519\/revisions"}],"predecessor-version":[{"id":28527,"href":"https:\/\/faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/28519\/revisions\/28527"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/faceinews.com\/index.php?rest_route=\/wp\/v2\/media\/28520"}],"wp:attachment":[{"href":"https:\/\/faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}