Introduction: Re Changing The Way Of LifeFinancial Futures
Women in India are taking this chance to change their life through real estate. With government schemes, higher loan eligibility, and customized financial products, purchasing property is becoming easier and cheaper for women. There has been a rise in the number of women homebuyers for quite some time now which reflects a considerable advancement and enabling policies of the Government. Further, a recent research by ANAROCK reveals an interesting development in India – women have started investing in real estate rather than traditional channels such as gold. This transition is much more than a business one for women who are homebuyers – It is an assertion. For example, when women invest in apartments in Pune, they are not just attaining financial independence, but also creating intergenerational wealth and a legacy for future generations.
Why Invest in Flats in Pune? Roof over Head for Women House Buyers
1. Stamp Duty Rates for Women
Women are considered the weaker section of the society and flats in Pune for them are aimed at providing them the much needed permanent residing structure in the society. One of the primary advantages for women acquiring flats in Pune is the diminished levy on the deed. In this case, the state government introduced such measures in 2021 to cut on the real estate market growth rates, and of all, women house buyers benefit again with an extra discount of 1%. It cuts off a lot when dealing with expensive properties, although it does not appear to be that much at first glance.
By example, there is provisionally an exclusion of around $13000 for land valued at $ 1 crore with a stamp duty of $ 50,000. If a woman is a buyer, after the 1% discount she pays $40,000 as cost, hence saving $10,000. This reduced cost, made it easy for women to own a home, thereby making it affordable.
2. Exemption on Editing Property
In addition to not having to pay registration fees, women in Maharashtra benefit from cheaper property in these two states. Hence, it implies that the charges that come with registration of a property under a female name are done away with, consequently, an additional strain for women buying homes is taken away.
For instance, where the registration amount on a ₹1 crore asset is ₹1.5 lakh, women who want to buy a home only have to part with ₹30,000 owing to the 2% concession. Every bit counting is making a great difference for so many women who want to own a home at some point in their lives.
3. Being Eligible to PMAY
The Pradhan Mantri Awas Yojana (PMAY) is an initiative of the Indian government which strives to provide housing for all globally with special focus on women and EWS. This Women, who are buying a house in Maharashtra under this scheme, can also get benefits in terms of subsidies and finances.
For instance, women buyers can obtain an amount of Rs 2.67 lakh subsidy while buying a house under PMAY. With this much emphasis on reducing the overall cost, real estate becomes an even more promising investment strategy for the women looking to protect themselves for tomorrow.
4. Increased Loan Amounts to be taken by them
There are several banks that are providing higher loan amounts for women home buyers against eligible properties. This means that even if buyers belong to different gender categories, women can borrow more which will enable them to own a home more easily.
5. Women-Centric Home Loan Products
Some Banks and financial institutions have also come up with women specific home loan products these products are aimed towards enabling the women buyer by providing better features. These loans generally have low-interest rates, greater repayment periods, and other payment options that suit the borrower.
For instance, some banks may reduce interest rates by 0.05% for women borrowers or allow payment for up to 30 years.
Conclusion: the Future of Real Estate is Here and It is Empowered
The real estate scenario in India has been promising and it will be even more so with the growth in the number of women homebuyers and investors. And you are one of these empowered women who would like to be a homeowner that best suits the awesome policies, then check out the Dream Location: the Dream Location Pune flats. The Dream Location Pune is proud of a history of 40 years and will launch more flats in Pune shortly.
For more information about Dream Location and to search your dream property, please visit Dream Location on Google Map. Contact us today to know more about the best real estate deals in Delhi and North India; we will connect you to the right property investment.