Women in India are seizing the opportunity to redefine their financial futures through real estate. With government incentives, higher loan eligibility, and tailored financial products, buying property is becoming more accessible and affordable for women. You might be pleasantly surprised to know that the number of women homebuyers has been increasing consistently in recent years; an indication of their overall progress, and conducive government policies as well. In this context, we must point out a recent report by ANAROCK. It highlights a growing trend in India—women are choosing real estate over traditional investments like gold. This shift is about more than just a financial decision; it’s a powerful statement about women home buyers taking charge of their futures. By owning flats in Pune women are not only securing their financial independence but also building long-term wealth and creating a lasting legacy for their families.
Here’s why buying flats in Pune is particularly advantageous for women homebuyers today.
1. Lower Stamp Duty Rates
One of the biggest perks for women buying flats in Pune is the lower stamp duty rates. In 2021, the state government reduced these rates to stimulate the real estate market, and women homebuyers get an additional 1% discount. This might not seem like much at first glance, but when buying high-value properties, the savings are significant.
For instance, on a property worth ₹1 crore, the standard stamp duty would be ₹5 lakh. However, with the 1% discount, women buyers pay ₹4 lakh—saving ₹1 lakh in the process! This reduced cost makes investing in property far more accessible and affordable for women.
2. Concession on Property Registration Charges
In addition to stamp duty savings, women in Maharashtra also enjoy a concession on property registration fees. This means that the costs associated with registering a property in a woman’s name are reduced, helping further ease the financial burden of homeownership.
For example, if the registration fee for a ₹1 crore property is ₹1.5 lakh, women homebuyers can save ₹30,000 with the 2% concession. Every little bit adds up, making homeownership a more feasible goal for many women.
3. Access to Schemes like PMAY
The Pradhan Mantri Awas Yojana (PMAY) is a government initiative aimed at providing affordable housing for all, with special provisions for women and economically weaker sections. Under this scheme, eligible women homebuyers in Maharashtra can benefit from subsidies and other financial incentives.
For instance, under PMAY, women buyers can receive a subsidy of up to ₹2.67 lakh on the purchase of a home. This considerable reduction in the overall cost makes real estate an even more attractive investment option for women looking to secure their future.
4. Higher Loan Eligibility
Many financial institutions are offering higher loan eligibility to women homebuyers. This means that women can potentially borrow more than male buyers for the same property, making homeownership more attainable.
5. Women-Specific Home Loan Products
Banks and financial institutions are now introducing women-specific home loan products, designed to empower women buyers with better terms. These loans often come with lower interest rates, extended repayment tenures, and more flexible payment options.
For example, certain banks offer a 0.05% reduction in interest rates for women, or a repayment tenure extending up to 30 years.
The future of real estate in India is not just bright—it’s balanced, diverse, and inclusive, thanks to the growing influence of women homebuyers and investors. If you are an empowered woman and wish to own a home that perfectly complements these conducive policies, you must take a look at the flats in Pune by Kohinoor Group Pune. Kohinoor Group Pune takes pride in its rich legacy of 40 years and has several upcoming flats in Pune.
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