PRESS RELEASE

Chennai Overtakes Bengaluru, Unsold Inventory Less Than 50% Of IT Capital – ANAROCK Report

  • Chennai’s current unsold housing stock at 30,800 units against 73,300 units in Bangalore
  • Avg. property prices lowest in 4 years at INR 4,900 per sq. ft.
  • 72% new supply in last 6 years in under INR 80 lakh budget range
  • PE investment increased by 15% in 2018 against 2017

Chennai, 4th February 2019: Bucking all odds including political uncertainty and a major natural calamity, Chennai has trumped southern counterpart Bengaluru in terms of upbeat residential real estate activity.

ANAROCK‘s report Chennai: From Resilience to Growth‘ confirms that the city is only behind Hyderabad in unsold stock numbers, and has the second-lowest unsold housing inventory of India’s top 7 cities in India.

As the event’s knowledge partner, ANAROCK released the report at RECON, an initiative by Tamil Nadu Real Estate Consultants Association, in Chennai today.

Anuj Puri, Chairman –