Females are competing with men in all spheres of activity, including investing in real estate. The number of women buying homes is increasing remarkably. Will the trend continue in 2023 too? Will the number of female buyers increase further in the new year? The question gives the answer in the affirmative. There are many reasons for this, including subsidies on the rate of interest on house loans for female investors. They vary from case to case. The discount on the rates of interest on housing loans varies between 0.05% and 0.10%.
Depending on the region and the state, the discount on the stamp duty for them varies between 1% and 2%.
To encourage gender parity in financial matters, a discount is being offered to women investing in real estate. Higher loan eligibility, lesser interest rates on housing loans, and several tax benefits are being offered to women investing in reality. Higher loan eligibility, lower interest rates, and several other tax benefits are on offer to them. Under the Pradhan Mantri Awaas Yojna, irrespective of the marital status of females, women belonging to weaker sections and lower-income groups get a subsidy of 6.5% on interest. In this backdrop, the number of women investing in Indian real estate will increase even in 2024, according to predictions.
