chennai real estate outlook report h1 2015 - knight frank india

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  1. 1. CHENNAI REAL ESTATE JANUARY TO JUNE 2015
  2. 2. CHENNAI RESIDENTIAL JANUARY TO JUNE 2015
  3. 3. RESIDENTIAL MARKET IN CONSOLIDATION MODE Will launches continue to spiral downward in Chennai? How are the premium locations faring in Chennai currently? Which is currently the healthiest residential market in South India?
  4. 4. NEW LAUNCHES DROP BY 20% Y-O-Y; DEVELOPERS RESTRICT NEW LAUNCHES 16,832 8,015 11,377 7,318 9,102 14,020 10,424 10,212 10,343 9,091 4,208 4,354 4,407 4,528 4,532 3,900 4,100 4,300 4,500 4,700 - 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 INR/sqft No.ofunits Launches Absorption Wt. Avg. Price (RHS)
  5. 5. WEST CHENNAI MOST AFFORDABLE
  6. 6. 77% OF NEW LAUNCHES BELOW INR 2.5 MN IN WEST INR 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%