Gone are the days when home buying was considered only a male-driven affair. Women are now showing equal participation in financial matters, including investing in real estate. In fact, as per a recent study, it was observed that nearly 70% of women prefer investing in real estate. And fortunately, there are a plethora of benefits that women can avail of.
On the occasion of Women’s Day, we have curated some of the major benefits that have encouraged more and more women to enter this sector. Give it a read, and believe us when we tell you if you have not started investing in real estate, you should right away!
5 Major Benefits Why You Should Invest in Real Estate - Women’s Day Edition
Investing in real estate has long been a popular way to build wealth and secure a financial future. And with more and more women taking the leap into this dynamic industry, it's clear that real estate offers a range of benefits for female investors. So, what exactly makes real estate such a smart choice for women? Let us take a closer look at the top 5 major benefits of investing in real estate.
1. Home Loans at Lower Interest Rates
With the Government of India's initiative to provide affordable housing to all, women are now eligible for home loans at lower interest rates. Banks and financial institutions are offering special loan schemes for women, making it easier and more affordable for them to own a home. This not only provides women with a stable roof over their heads but also gives them an opportunity to make an investment that appreciates over time, providing long-term financial security.
2. Better Loan Eligibility
Women have better loan eligibility as compared to men. This is because women are considered less risky borrowers, and hence, banks and financial institutions are willing to offer them loans at lower interest rates. Additionally, with a good credit history, they may be eligible for loans at more favourable terms and conditions.
3. Pradhan Mantri Awas Yojana (PMAY)
PMAY is a scheme introduced by the government to provide affordable housing to all. Women who are beneficiaries of this scheme can avail of lower interest rates on home loans and are also eligible for interest subsidies. This makes it easier and more affordable for women to own a home and provides them with a stable investment opportunity.
4. Lower Stamp Duty
In an effort to encourage more women to own a home, many states in India offer lower stamp duty on home purchases made by women. This can result in substantial savings for women, making it easier and more affordable for them to invest in real estate.
5. Tax Benefits
Investing in real estate comes with various tax benefits that can help women save money and increase their return on investment. For example, women may be able to deduct mortgage interest and depreciation on their property, lowering their taxable income and increasing their overall returns. Additionally, when women sell a property for a profit, they may be eligible for capital gains tax breaks.
In conclusion, investing in real estate can be a smart financial decision for women. With a range of benefits like lower interest rates on home loans, better loan eligibility, the Pradhan Mantri Awas Yojana, lower stamp duty, and tax benefits, women can reap the benefits of this dynamic industry and secure their financial future. Owning a home can provide women with a sense of security and stability, and as the property appreciates over time, it can also serve as a great source of passive income.
So, if you are planning to invest in real estate, now is the perfect time to do so. With the right support and guidance, you can navigate the industry and enjoy the many benefits that come with it.
