Benefits of Being Woman Home Buyer in India


In India with growing opportunities and dwindling masculinity women successfully proved their value, and changed the vitals of gendering economics to make a difference to a great level. She ensures to make them a reality by becoming financially secure and independent. Recently Economic Times revealed that nearly 44% of women prefer real estate investment.

Real estate developers and home loan banks have observed the capability of this division and offer benefits and Advantages to encouraging women home buyers which will also, in the end, elevate the real estate market. To further help women’s financial independence, The Indian Government has integrated specific perks into the underway home buying method to help the financial independence of women.

Buying a property and taking a home loan as Women buyer will give you some of these benefits:

PMAY Scheme:

The Pradhan Mantri Awas Yojana (PMAY) is among the most dominant schemes launched by the Indian Government. This scheme offers up to Rs. 2.67 lakh on interest as a subsidy. This scheme proceeds for women buyers. A woman borrowed a home loan under Pradhan Mantri Awas Yojana, Credit Linked Subsidy Scheme, to have relaxations on interest.

Women buyers belong to the low-income group (LIG) segment, the PMAY Scheme provides subsidies up to a maximum of Rs 2.67 lakh, and they can avail of an interest subsidy of 6.5%  on housing loans of up to Rs 6 lakhs. The subsidy amount is given beforehand on the remaining amount of the original loan. The Pradhan Mantri Awas Yojana (PMAY), especially preferred for women homebuyers, infects an unmarried woman who is eligible for a PMAY subsidy.

Benefits of Being Woman Home Buyer in India

It’s mandatory that at least one female family member can be registered as the owner of the house under the PMAY Scheme. Under PMAY projects like Orris Aster Court, Rof Plots, Jms Plots, Dlf Plots, and other projects

Lower Stamp duty Charges:

The stamp duty decreases by 1% to 2% comparatively to the male buyers in most of the Indian states, when the house is in the name of a woman. In the many States of India, stamp duty charges for women homebuyers are compared less than for men homebuyers.

Lower Interest Rate:

A number of leading banks in India offer home loans with less than the market interest rates to women homebuyers, by the side of various profit-making schemes and offers. According to a Survey, women are generally more punctual and sincere in paying loans on time, and banks also prefer women borrowers. SBI has waived off the processing fee for women’s home loan applicants under “Har Ghar” scheme. It is easy for women buyers when they want to own properties at lower interest rates.

Women can opt for longer tenure:

Women can choose the longer tenure of home loan, they are eligible to choose the repayment tenure of 30 years. She can pay less money in EMIs to the long loan tenure.

Variation in loan amounts:

Women home loan borrowers can have access to higher loan amounts they can claim Rs 30 lakes to Rs 3 Cr.  Hence most men prefer having women co-borrowers for the loan to face lower interest rates.

On the other hand, a woman home loan borrower can claim tax benefits up to Rs. 1.5 lakh to Rs. 2 lakh on principal and interest repayment for a throughout occupied home.  If the house is named jointly by a married couple as well wife is earning in this condition both of them can claim tax deductions separately.

According to the latest consumer lookover by ANAROCK-LIC Housing Finance, 79% of women home buyers are looking to buy property for end use, rest are looking at the same as an investment. To make house purchases more valuable for women until accomplishing their larger dream of ‘Housing for All the Indian government offers various pecuniary benefits that women home buyers in India can avail of if the property is registered in their name.

All these benefits add wings for a woman to fulfill her dreams of owning a home. So now women can go a long way to empower economically.

Luxury project Highlights:

  • Designed and Planned by world-renowned architect, Nelson (U.S.A)
  • Earthquake resistant structure as per Seismic Zone IV
  • Rainwater harvesting making
  • High-speed elevators
  • 24×7 water supply and power backup
  • Ample space for car parking
  • Supermarket and nursery school within the complex

Luxury project Amenities:

  • Grand Clubhouse
  • Swimming Pool
  • Jogging Track
  • Badminton Court
  • Kids Play Park
  • Center Park
  • Pit and Sand Zone
  • Modern Cafeteria
  • Fully Equipped Gymnasium
  • Tennis Court
  • Football Court
  • Community Hall
  • Play School


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