In today's era, women are decidedly choosing investments other than gold and fixed deposits. women are growing in the field of investing as well as being financially empowered.
Gold and fixed deposits were their priority in investments. but, now women are bold and taking risks in the field of investments. for example:
There was a Survey executed in Delhi-NCR, Hyderabad, Bangalore, Chennai, Mumbai, and Pune on March 08, 2022.
Through this survey~ 70% of women decide to invest in Real Estate,
categorically in residential properties, " a study by a unicorn startup NoBroker said." Off-topic but, In all investments,
'Women in India are clearly shying away from market-based investments.
"In India, only 7% of women independently invest through self-learning." Women & Money Power 2022 survey released by LXME.
But why in India women are investing in real estate? by choice and there are some benefits a woman can attain when investing in Real estate.
What is stamp duty?
Stamp duty is a tax. Only the home buyer pays stamp duty on the sale of a home/property ownership by the state government of India. A buyer pays stamp duty for the sake of the property registered in the government's records.
In India, most states charge lower stamp duty, and if a buyer is a woman or registered in a woman's name.
A home loan helps home buyers financially to buy their dream home.
with a home loan, home/property buyers can cover up to 75-90% of the value of the home/property and for this, you must pay the down payment.
A home loan gives ample funds at Indian economic interest rates.
Indian Banks provide women loans with a lower interest rate they believe that "women home loan borrowers are more reliable" and in records "women are less likely to become a defaulter."
To motivate more women to take home loans, banks and financial institutes provide home/property loans with low-interest rates to a woman.
"Women pay lower EMI as compared with their male counterparts."
Indian banks have to build not-so-strict or formal eligibility criteria for female loan borrowers to provide home/property loans.
According to BankBazaar- any woman with a minimum age of 18 years and maximum age of 70 years can get a home loan based on their income and employment status.
Many banks provide a home loan, to women who are earning for three years through employment or self-employed.
And of course, documents are included.
PMAY is Pradhan Mantri Awas Yojana.
This scheme was launched on 25 June 2015 by the government of India for middle-income people. PMAY provides subsidies on home loan interest rates based on annual income to eligible home loan borrowers.
However, In the PMAY scheme, women get special benefits and interest rates.
With uncomplicated processes a woman can own a dream house, under that uncomplicated process require must detail by the borrower.
In a home loan, the tax benefit is available for both men and women but,
In the case of a wife and husband wanting a home loan, they can avail of the benefit of a maximum deduction.