Rise of Women Buyers - Indian Real Estate Market

by Priya G. Real Estate Business Expert

In the male dominating world, women are successfully moving forward to make their presence felt, even in the real estate industry. Breaking the stereotype, women have proved that they too can buy a home on their own.

Broadly speaking, this trend is highly observed in big metropolitan cities like Delhi, Mumbai, Chennai and Bengaluru. However, many tier II cities are also experiencing the rise of women buyers. So, it can be rightly inferred that women buyers segment, which is the second biggest home buyers’ group in India today, will become the topmost home buyers’ group in the near future.

Looking at this trend, most of the property developers have started targeting female buyers with lucrative deals on flats in Raj Nagar Extn and various other locations. Not just this, the government also promotes the rise of women buyers in Indian real estate.

Here are some of the most prominent incentives or advantages that female buyers are getting from government and private organizations -

1. Tax deduction

If a woman purchases a property, for example, 2 bhk flats in Ghaziabad, for self-use, the amount of tax levied on property tax up to Rs. 1.5 lakh will be reduced. However, if the property is co-owned y both the wife and the husband, the deduction will be made in equal proportion. The other case in this situation is ‘ if the property is rented’. in such a case, the home loan interest will be subtracted from the net rental value.

2. Pradhan Mantri Awas Yojana

The Pradhan Mantri Awas Yojana encourages women in both rural and urban areas to buy and own a home. The guidelines of this scheme make it compulsory to introduce a female member of the family (generally, wife) as a co-owner of the house. Under this scheme, women also get benefits on the interest rate.

3. Lower Interest Rate

Women buyers can also leverage the benefits of lower interest rates, which usually range between 0.25% and 0.50%. You will just have to check which banks in India offer a lower interest rate on the purchase of home loans. Many home financing companies also offer lucrative offers to women buyers.

So, if you are a woman and are planning to buy Raj Nagar Ghaziabad apartments, this is the right time to get going. With several benefits and offers in the kitty, real estate is certain to welcome you with open arms.