Developers report a 50% increase in plot sizes purchased by customers, mainly IT employees. (AI image) Homebuyers’ interest in plots is moving south and west, beyond Chennai’s city core. Metro connectivity, industrial corridor development and arterial road development, along with relatively affordable price points, are creating new growth corridors.
90% of respondents preferred land, while 10% opted for 2/2.5BHK apartments, according to Colliers’ Homebuying Sentiment Survey 2026. In the south, these localities benefit from their proximity to key office micro-markets along the Old Mahabalipuram Road stretch, Pallavaram Thoraipakkam Road and Grand Southern Trunk Road. (AI image) Navin’s MD Viswajit Naveen said there is a 50% increase in plot sizes. Earlier, many buyers used to purchase 600 sq ft plots. Chennai is among the markets where 3BHK demand crossed 50%, according to Anarock’s H1 2026 Real Estate Homebuyer Survey. Buyers include government employees and entrepreneurs, while people aged 35–45 generally buy properties as investments. (AI image) Sriperumbudur, Thirumazhisai and Kuthambakkam are seeing good traction.
Now, they are opting for 1,500 sq ft so that they can build a house with some frontage. (AI image) Apartments are also seeing good traction.
Developers said suburban and peripheral locations offer contiguous land parcels that feed growing demand. (AI image) Madhavaram, Ponneri and Minjur in the north are seeing good traction. Industrial and logistics growth are supporting large-scale township projects, planned developments and middle-income housing in western and northern peripheral areas. Madhavaram is also a prominent transit-oriented development node in the upcoming Metro Phase II project. (AI image) Padur, Kelambakkam, Mambakkam, Guduvanchery and Vandalur are seeing good traction.
