What are the benefits of being a women investor in Real Estate

What are the benefits of being a women investor in Real Estate Latest News

Real Estate, to an extent of what we know, was generalized to be a male-dominated industry. Often we have heard the expression, “ It's a man’s world”. Property investment, buying a home, home loans, business, and every other major decision were previously taken by men. But now the dynamics have changed significantly. Women today fear nothing. Women can juggle business, household, health, and everything in between. Even the Indian government has implemented several policies and procedures to boost women's morale. And hence the number of women homebuyers has noticeably increased.

Following are some of the financial advantages women homebuyers can enjoy if the property is registered in their name:

Low Stamp Duty:

If the property is registered in the name of a woman, most Indian states assess a lower stamp duty (the amount paid by the buyer to get the property registered in the government's records)

On March 8, 2021, the Maharashtra government announced a one-percentage-point rebate for female homebuyers.


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PMAY Benefits:

The government's flagship plan, Pradhan Mantri Awas Yojana (PMAY), is a Credit Linked Subsidy Scheme (CLSS) that is divided into urban and rural areas, as well as based on yearly income level, to give appropriate advantages of interest rate subsidy on house loans.

Key Benefits of PMAY:

  • Differently abled and senior citizens might obtain the preference of having a residence on the ground level under the PMAY plan.

  • The plan provides an interest subsidy rate of up to 6.5 percent on home loans to all recipients who take out loans with terms of up to 20 years.

  • Economically weaker sections with a family income of Rs 30,000

Women get a lower interest rate on their house loans:

The majority of house purchasers in India use housing loans to purchase residences. While this benefit allows individuals to buy homes in their early working years, it also raises the overall cost of the acquisition. Women, on the other hand, do not have to spend as much as males because numerous banks provide house loans at reduced interest rates to women. 

Tax benefits:

If a man and his wife jointly own a property, she must become a co-applicant in the home loan application. One advantage of this is that both spouses will be able to claim tax deductions on their individual salaries under Sections 80C, 24 80EE, and 80EEA (benefits under the latter two sections are available only to first-time homebuyers).

In conclusion, these types of efforts and plans would enhance the real estate market and overall advantages for the economy. The rise in the number of women entering the real estate sector is also a sign of better times ahead. Only patience, acceptance, and support will bring about change. 


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