India’s real estate sector is changing fast. Now, women are becoming major investors in the property market. According to a recent survey by Anarock, a well-known property consultancy, 70% of women said that real estate is their most preferred investment option. Many of these women are looking to buy premium or luxury homes worth more than ₹90 lakh. Interestingly, most of them have moved away from the stock market. They have reduced their investments there because of high market risks.

One good thing about real estate is that women get extra discounts, which are not available in the stock market. Manu Singh, Business Head of Housing Finance at Kotak Mahindra Bank, says that real estate is a good investment for women in many ways. The government has special schemes and policies for them. Banks also offer loans to women at lower interest rates and on easy terms. Let’s understand why women are investing more in real estate and what special schemes and benefits are available for women homebuyers and loan takers.

Women Are Buying More Homes

Today, many women are earning and becoming independent. Because of this, they are now investing more in property. A recent report by Anarock says that 70% of women think real estate is the best place to invest money. Many women are even buying luxury homes worth more than ₹90 lakh. They are also moving away from the stock market because it is risky. Real estate is safer, and it also gives some extra benefits to women.

The government and banks are helping women to buy homes. They have started special schemes and offers for them. These schemes make it easier for women to take loans and buy houses at a lower cost.

What Benefits Do Women Get?

Most banks give women a small discount of 0.05% to 0.10% on home loan interest. This may look small, but it saves a lot of money over time. For example, a woman taking a ₹50 lakh loan for 20 years can save up to ₹1 lakh if the interest is 0.10% less.

Women can also get bigger loans because banks believe they are safer borrowers. To get a loan, a woman must be at least 21 years old, have a steady income, and a good credit score.

Some states give a stamp duty discount of 1% to 2% if the house is in the woman’s name. For example, women get 1% off in Maharashtra and 2% off in Delhi. This helps reduce the total cost of buying the home.

Women also get tax benefits. Under Section 80C, they can save tax on ₹1.5 lakh of the loan amount. Under Section 24(b), they can save tax on ₹2 lakh of the interest amount. If the loan is in both husband and wife’s names, both can claim these tax savings.

There are also government schemes for first-time home buyers. Under the Pradhan Mantri Awas Yojana (PMAY), women from low or middle-income families can get 3% to 6.5% help on interest. Another scheme, the Affordable Housing Fund, also helps women buy cheaper homes.

To get these benefits, women must submit the right documents like ID proof, address proof, income proof, and property papers. Having the correct documents helps in quick loan approval and fewer delays.