A recent report by housing.com says that 95% of women are key decision makers in buying a house or property. Among these, 30% of the women are lead decisions makers in their house and 50% take part in joint decision making with rest of the family members.
This empowerment can go a long way along with the benefits that women enjoy while buying a property.
Buying a property is certainly a big decision as it involves heavy investment and as the market is constantly fluctuating, identifying the right time to buy becomes difficult.
There are many things that must be taken into consideration, one of them being low interest rate on home loans for women.
Low interest rate
For a woman, it is a lot easier to get lower interest rates on home loans than men as per government policy. Female tax payers are eligible to buy property by taking advantage of this. They also benefit by getting extra concession on registration of properties. Also, if a woman buys a property in her name, the stamp duty charges on the immovable property are considerably reduced.
Slow down in real estate
The current slowdown in the real estate market has forced brokers and owners to negotiate prices according to prospective buyers, thus being an advantage to the buyer. These benefits that are available for women in India make the ideal time for them to buy property, now.
Before actually getting into the procedure of buying a property, it is necessary to find out the applicable stamp duty charges that woman have to pay to get a perfect understanding of the cost and expense involved when buying a house.
Skyline Constructions is one of Karnataka’s most trusted names in real estate, something we have achieved through sheer hard work, dedication and resolve.
With a talented and dedicated team of architects and engineers, we have built world-class spaces and has earned the confidence of our clients’ with over 60 completed projects adding up to over four million square feet in industrial, commercial and residential space. To know more visit skylineconstructions.com