Empowering Women Through Real Estate: Benefits of Investing for Homebuyers

15 March 2024

Introduction

The decision to buy a home is a major financial commitment. While India’s dynamic real estate market offers many opportunities across budgets, the market has also seen a transformation. Amidst all this, the growing preference of women towards real estate investing has also witnessed a transformative shift.

For women in Maharashtra, there are several benefits of investing in real estate. From lower stamp duty rates and property registration charges to specialised loan products, government schemes, the perks are plenty. Read on to know more about these advantages and how they can help women investing in real estate achieve financial security.

The Benefits of Investing in Real Estate

1. Lowered Stamp Duty Rates

Stamp duty is a tax levied by the government on the purchase or transfer of any property. Many state governments, including Maharashtra, Uttar Pradesh and the rest, actively empower women homebuyers, by offering reduced stamp duty rates in accordance with the Stamp Duty Act.

2. Discounts on Property Registration Charges

Property registration fees are levied for the registration of the property in the buyer's name. Apart from stamp duty, women homebuyers can also avail a concession on property registration charges in various states if the property is registered in their name. This initiative encourages active participation of women in real estate transactions and promotes gender inclusivity.

3. Lowered Home Loan Interest Rates

One of the major benefits of investing in real estate for women are the preferential interest rates on home loans. A number of banks and financial institutions offer slightly lower interest rates for women compared to men.

Financial institutions also offer higher loan eligibility to women homebuyers, and they can potentially borrow more money to purchase a property. This is a valuable advantage and vital for promoting house ownership for women.

4. Asset Diversification for Women

Real estate is a significant component in empowering women to create a diversified and strong investment portfolio. Real estate investments, along with traditional assets, reduce the risks associated with market volatility. Real estate investments are also relatively independent of other financial instruments, providing stability and reducing overall investment risk for women. They help build a well-rounded portfolio, which improves financial strength and helps women better navigate the dynamic landscape of investment opportunities.

5. Access to Central Schemes like PMAY

The Pradhan Mantri Awas Yojana (PMAY), a central government scheme aims to provide affordable housing to all citizens. The scheme offers specific provisions for women who can take advantage of these provisions to access subsidies and other incentives.

Any woman can benefit from PMAY and avail subsidies of up to INR 2.67 lakh, irrespective of her marital status. Since inception, this scheme has led to a substantial increase of women property buyers in the country.

Conclusion

A house isn’t merely an asset, it provides a financial safety net, can be an income source, or even a long-term investment. For women, it marks an important step towards financial independence and empowerment. More and more women today are reshaping India's realty sector, on-field as industry personnel and off-field as decision-makers in property investments.

At Paranjape Schemes, we believe in taking strides for a future that’s marked by equality, diversity, and innovation. Our range of offerings across commercial and residential sectors empower women to take charge of their financial security. To explore our offerings, or know more about our brand, visit www.pscl.in