# Chennai Real Estate Market Q2 2026 -- Prices, Launches and What Propspedia Data Shows Chennai's real estate market in April-June 2026 has been characterised by sustained demand in the mid-segment (50-90L), a robust luxury pipeline, and emerging pressure from infrastructure corridor premiums along CMRL Phase 2 alignment. ## Overall Price Movement -- Q2 2026 vs Q2 2025 | Segment | Q2 2025 Avg | Q2 2026 Avg | YoY Change | |---|---|---|---| | Under 50L (Affordable) | 3,800/sq ft | 4,050/sq ft | +6.6% | | 50L-1Cr (Mid Segment) | 5,200/sq ft | 5,850/sq ft | +12.5% | | 1Cr-2Cr (Premium) | 7,800/sq ft | 8,900/sq ft | +14.1% | | Above 2Cr (Luxury) | 12,500/sq ft | 14,800/sq ft | +18.4% | ## Top Performing Micro-Markets Q2 2026 ### Pallavaram (+19% YoY) The single highest-appreciating locality this quarter. CMRL Phase 2 station confirmation and GST Road expansion have together driven a surge in buyer interest. ### Siruseri (+16% YoY) SIPCOT IT Park expansion announcement (Phase 3, 45 lakh sq ft commercial space) pushed Siruseri prices sharply. ### Sholinganallur (+13% YoY) Consistent IT demand, limited new supply, and premium lifestyle projects drove appreciation. ### Kelambakkam (+11% YoY) Propspedia saw a 40% increase in property views for Kelambakkam listings in Q2 compared to Q1. ## New Launches Q2 2026 Approximately 3,200 new units were launched across Chennai in Q2 2026, a 15% uptick from Q2 2025: - **Luxury launches dominant:** 35% of new launches were priced above 1Cr, vs 22% in Q2 2025 - **Affordable supply shrinking:** New launches under 50L fell 18% YoY - **OMR South concentrate:** 42% of all new launches were on OMR south of Sholinganallur ## Propspedia PropScore Trends Across Propspedia's Chennai listings, the average PropScore rose from 71 to 74 in Q2 2026. This reflects: - More builders obtaining TNRERA registration proactively - Faster quarterly update filings (RERA compliance improving) Listings with PropScore >= 80 saw 3.2x more WhatsApp leads per listing than those with PropScore below 65. [Browse Top PropScore Properties in Chennai](https://propspedia.in/properties?city=CHENNAI) ## Rental Market Update Rental yields in key corridors: - Sholinganallur: 4.2% (up from 3.9% Q2 2025) - Siruseri: 4.0% (stable) - Pallavaram: 3.8% (up from 3.3% Q2 2025) - Porur: 3.5% (stable) ## Outlook Q3 2026 - **Positive:** CMRL Phase 2 construction visibility increasing - **Watch:** Interest rate trajectory (floating rate buyers sensitive to RBI policy) - **Risk:** Luxury oversupply if IT hiring softens