gurgaon at a time when the affordable housing sector is witnessing an apparent slump the luxury residential market in ncr cities is booming with a yearonyear increase in its sharethis inference can be drawn from the latest report by real estate consultants anarock that has recorded close to a 12 luxury housing market share in ncr cities in the first half of the calendar year an almost 100 jump from 6 in 2021 in 2019 the luxury housing share in ncr cities was barely 4in mumbai metropolitan region mmr and ncr together approximately 19470 luxury units are available for sale and in the first half of 2022 approximately 4160 units were sold in this segment in these two cities according to anarockthe luxury residential market share in bengaluru chennai and hyderabad is 10 each in kolkata its 6 and 5 in puneaccording to the report of a total 184 lakh units sold in these cities in the first half of this calendar year about 14 around 25700 units were luxury homes in contrast of 261 lakh units sold in the whole of 2019 just 7 around 17740 units were in the luxury categoryanuj puri chairman of anarock said encouraged by this healthy demand for luxury offerings developers have stepped up new supply in the luxury segment launching over 28000 units priced above rs 15 crore across the top seven cities in just the first half of 2022citybased developers attributed the growth in luxury housing market share to demand for bigger homes postcovid and a reversal in real estate cyclical trendkalyan chakrabarti ceo of emaar india said the growth of the indian luxury realty segment must be looked at from the perspective of the potential it holds for the growth of the economy in the postcovid phase the buoyant demand is backed by macroeconomic growth factors a reversal in real estate cyclical trend and structural change in demand drivers postcovidamarjit bakshi cmd of central park said the buyers have chosen the segment which defines the concept of luxury living offering the quintessential global lifestyle and impeccable hospitality services catering to the evolved taste of the globally travelled indians these most prominent factors led to an uptick in the luxurious housing segment for the first half of 2022