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Do You Know The advantages of being a female real estate investor?

Do You Know The Advantages of Being a Female Real Estate Investor?

To the extent that we know, real estate has been stereotyped as a male-dominated industry. “It’s a man’s world” is a phrase we’ve all heard before. Men used to make all of the key decisions in the world: property investment, home purchases, home loans, business, & everything else. However, the dynamics have shifted dramatically. Nothing scares today’s women. Women are capable of juggling work, home, health, & everything in between. The Indian government has also created a number of laws and processes aimed at boosting women’s morale. As a result, the number of female homebuyers has risen significantly.

If the property is registered in their name, women can take advantage of the following financial benefits:

 

Are you looking for new construction in mumbai?

 

Stamp Duty is Low:

Most Indian states charge a cheaper stamp duty (the sum paid by the buyer to get the property registered in the government’s records) if the property is registered in the name of a woman.

The Maharashtra government announced a one-percentage-point incentive for female homebuyers on March 8, 2021.

 

STAMP DUTY CHARGES FOR MEN AS COMPARED TO WOMEN

State

Men

Women

 

Maharashtra

5%

5%

Delhi

6%

4%

Karnataka

5.6%

5.6%

Rajasthan

5%

4%

Haryana

8%

6%

Tamil Nadu

7%

7%

 

PMAY Advantages:

Pradhan Mantri Awas Yojana (PMAY), the government’s flagship scheme, is a Credit Linked Subsidy Scheme (CLSS) that is divided into urban & rural areas, as well as depending on monthly income level, to provide appropriate benefits of interest rate subsidy on house loans.

 

PMAY’s Main Advantages:

Under the PMAY plan, differently abled or senior individuals may be given the option of living on the bottom floor.

All recipients who take up loans with periods of up to 20 years will receive an interest subsidy rate of up to 6.5 percent under the plan.

Sections of the population who are economically disadvantaged, having a family income of Rs 30,000

 

On their home loans, women have a reduced interest rate:

In India, the majority of homebuyers take out loans to finance their purchases. While this benefit allows people to buy homes early in their careers, it also raises the overall cost of the purchase. Women, on the other hand, do not have to spend as much as men do because many banks offer women lower-interest home loans.

Finally, these types of initiatives and programmers would benefit the real estate market & the economy as a whole. The increasing number of women entering the real estate industry is also a portent of things to come. Change will only come about through patience, acceptance, and support.

 

 

 

 

 

 

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Disclaimer: The views of this expressed above are for informational purposes only based on the industry reports & related news stories. Navimumbaihouses.com does not guarantee the accuracy of this article, completeness, or reliability of the information & shall not be held responsible for any action taken based on the published information.
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