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Chennai residential sales up by 59 per cent to 2,500 units in Dec quarter

According to JLL, sales were concentrated in the southern suburbs submarket which accounted for 60 per cent of total the sales in the quarter

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New launches in December quarter almost doubled compared to the previous quarter.

2 min read Last Updated : Jan 13 2021 | 12:42 PM IST

Residential sales in Chennai grew by around 59 per cent in December quarter of 2020 as compared to the September quarter. The city witnessed total sales of 2,500 units as compared to 1,570 units in September quarter 2020.

According to JLL, sales were concentrated in the southern suburbs submarket which accounted for 60 per cent of total the sales in the quarter.

New launches in December quarter almost doubled compared to the previous quarter. More importantly, new launches during the quarter crossed the pre-Covid average quarterly levels of around 1900 units witnessed in 2019.

The southern suburbs (Padur, Shollinganallur, Perumbakkam,

Topics : Residential property market Real Estate Realty

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