chennai sale of housing units spiked by 21 while launches jumped 40 yearonyear yoy in chennai during the first half of 2022 over the corresponding period of last year a report by a leading property consultant has found the sales in the past six months is inching towards the transaction trends in the residential segment witnessed in the precovid levels chennais real estate market mirrored the trend in other metros where sale and new launches of housing units shot upknight frank india in its latest report india real estate h1 2022 january june 2022 said the city recorded a sale of 6951 housing units in h1 of this year compared to 5751 housing units sold in the corresponding period of 2021 the new home launches also increased from 5424 housing units in h1 2021 to 7570 housing units in h1 2022 and the weighted average price of residential properties in chennai rose by an estimated 5 yoythe sales for units above the price bracket of rs 1 crore witnessed a yoy increase by 8 accounting for 23 of all home sales in h1 2022 there has been a decline in the share of sales for homes under rs 50 lakhs to 31 this year from 54 in h1 2021 south chennai dominated the sales with 58 of the total sales