Chennai’s Residential Sales Growth Highest Among Major Cities; Records 1.5 mn sq ft Office Leasing in Q1 2026: Knight Frank India

Office rentals in Chennai increased 8% YoY, indicating sustained occupier demand
Residential sales in the INR 20–50 mn segment recorded 52% YoY growth

Chennai, April 07, 2026: Knight Frank India, a leading international property consultancy, in its latest report, India Real Estate: Office and Residential Market (January – March 2026) Q1 2026 noted that Chennai’s office market recorded leasing activity of 1.5 mn sq ft in Q1 2026, while new completions stood at 0.5 mn sq ft. Office rentals also registered an 8% YoY increase, reflecting steady occupier demand despite moderation in transaction volumes.

Chennai Office Market Summary (Q1 2026)

Residential Sales and Launches