Owning a home is one of the most significant steps toward financial security, both for individuals and families. While men have traditionally taken the lead in property purchases in India, the trend is gradually changing, with more women actively investing in real estate.
Recognizing this shift, both state governments and financial institutions have introduced various incentives to encourage homeownership among women. Many states offer lower stamp duty rates for women buyers, and in some cases, the stamp duty is negligible. Additionally, banks and lending institutions provide special home loan rates for women, typically 10 to 25 basis points lower than standard rates, making property investment even more financially attractive.
“While purchasing real estate offers long-term financial benefits, women should carefully plan their investments to align with their personal and professional goals. The first step is to define the purpose of buying a property—whether for personal use or purely as an investment. If the goal is investment, it is important to decide whether the focus is on capital appreciation or generating rental income. The choice of location and type of property should be based on these objectives, as some areas provide better long-term value growth while others offer steady rental returns,” informs Sunil Dewali, Co-CEO of Andromeda Sales & Distribution Pvt Ltd, the parent company of Andromeda Realty Advisors.
Also Read: Safeguarding Property Ownership: The best agreement for landlords
For young, single, and unmarried women, career mobility is an essential factor to consider. Relocation due to job opportunities or marriage is a possibility, and this should be taken into account when choosing a property. In such cases, investing in a home that is easy to rent out or resell can provide greater flexibility. Additionally, women planning for family life must factor in career breaks for maternity leave or childcare responsibilities. Budgeting for a home purchase with these future considerations in mind can help avoid financial stress during such transitions.
“Financial preparedness is key when investing in real estate. Women should aim to minimize loan dependency, as taking on a large loan can become a burden in case of career breaks or unexpected expenses. Ideally, the monthly loan EMI should be manageable even in situations where income is temporarily reduced. If the property is purchased as an investment, it is advisable to choose a location where rental income can cover a significant portion of the EMI,” advises Dewali.
» Read More
