Surprising Advantages for Women Property Buyers in India
Buying property in India comes with unexpected perks for women. From lower stamp duty rates and tax benefits to easier loan approvals and government schemes, women buyers enjoy several financial advantages. These incentives aim to promote women’s financial independence and investment power. Discover why now is a smart time for women to own property in India.
Reduced Stamp Duty for Women
Some states provide reduced stamp duty for women buyers at 1-2%, decreasing upfront costs, to promote female property ownership.
Home Loan Interest Subsidies
Women purchasing housing under PMAY will be eligible for subsidy on interest on home loans up to 6.5%, giving the economically weaker sections better access to affordable housing.
Female Ownership Mandatory for Subsidy
Under PMAY, at least one owner or co-owner must be a female owner to be eligible for the subsidy, thereby guaranteeing women will have financial independence and secure asset ownership rights.
Reserved Allotments in Housing Schemes
Allotments are reserved in housing schemes with some schemes, e.g. PMAY, providing specific allotments for women and widows and single mothers to create sustainable accessible housing for all.
Tax Benefits for Women Owners
Women are able to access deductions under Sections 80C and 24(b); if the couple owns the property jointly, that translates to savings deductibles automatically every year, if they both have taxable income.
Empowerment and Legal Protection
When properties are registered in women’s names, women are given legal rights of ownership and as well, it supports women empowerment, so that it becomes normal for women to own property and assists with closing the gap of property gender ownership.
Disclaimer
This photo gallery is for informational purposes only. Property laws and financial benefits may vary by state and are subject to change. Please consult a certified real estate advisor or financial expert for personalized guidance before making property-related decisions.
