Chennai records 21% YoY rise with sale of 6,951 residential units in H1 2022: Knight Frank India

Knight Frank India in its latest report, India Real Estate: H1 2022 (January – June 2022) cited that the Chennai residential market registered a 21% Year on Year (YoY)growth in sales in H1 2022.The city recorded sales of 6,951 housing units in H1 2022 compared to 5,751 housing units sold in H1 2021.The new home launches also increased by 40% YoY from 5,424 housing units in H1 2021 to 7,570 housing units in H1 2022. The weighted average price of residential properties in Chennai rose by an estimated 5% YoY to INR 4,242 per sq ft.