Benefits for women investors

Women are continuing to reshape the dynamics of property ownership. Tax reduction and favourable interest rates are among the perks they receive for their self-reliance

In India’s real estate sector, a fresh narrative is unfolding — one that mirrors the escalating influence and empowerment of women as formidable players in the market. Against the backdrop of global economic challenges and recessionary pressures, the Indian real estate market has rebounded, offering a dependable option for those seeking financial independence. Women are increasingly playing a pivotal role in reshaping the dynamics of property ownership. With tailored offerings, supportive government policies, and a commitment to fostering inclusivity, women are embracing real estate investments as more than just a financial endeavour but also a pathway to self-reliance and empowerment.

The modern woman views homeownership as an important step towards achieving financial autonomy. Developers are adapting to this trend by customising their offerings to cater to the needs of women investors. New developments, such as the introduction of Real Estate Investment Trusts (REITs), have opened up avenues in commercial real estate, providing women with diverse investment opportunities.

The government is actively promoting women’s participation in the real estate market. Some initiatives including the construction of two crore additional houses and expanded support for middle-class families are aimed at boosting women’s homeownership.

Women investors enjoy a range of incentives aimed at encouraging property ownership. These include lower stamp duty rates, rebates on property registration charges, concessions on property tax, and reduced home loan interest rates.

Stamp duty exemption: In many States across India, women are eligible for a reduced stamp duty rate when purchasing property, making real estate investment more cost-effective. For example, in Delhi, women benefit from a lower stamp duty rate of 4% compared to 6% for men, enabling substantial savings. Similarly, the Government of Maharashtra offers a 1% concession on the regular rate of 6% for women homebuyers.

Income Tax deductions: Under Section 80C of the Income Tax Act, women investors can claim deductions on home loan principal repayments, reducing their taxable income significantly.

Joint ownership benefits: Opting for joint ownership with a spouse or family member can further enhance tax benefits, allowing women to share the burden of loan repayments and enjoy higher tax deductions collectively.