The Guide for Female Homebuyers in the House Market
The three necessities for a man’s survival have been food, clothing, and shelter for ages. The value of a home has increased over time, moving from being a necessity to a haven of safety. How people identify and value their homes today has undergone a paradigm shift properties in mumbai. Young adults who were previously inclined to favour renting properties have changed their minds and are now concentrating on acquisition.
With the global pandemic, a new reformation—the increase in female homebuyers in recent years—emerged as a hundred-to-one-shot trend, even though this shift in homebuyers’ attitudes was still clearly discernible.
The majority of Indian women now prefer real estate investments over gold, bonds, or even fixed deposits, the survey finds. The study found that women now prefer real estate more than they did in Covid-19, up from 57% in the pre-pandemic edition to 62% in the most recent version.
Women are no longer the primary or joint owners of residential properties but have taken the lead because they view their homes as the foundation of their financial security.
Housing is preferred by women respondents even more than by men, according to a study by a reputable property consultant. 36% of the total 3,900 participants in this study were women. Eighty-two percent of the women polled said they planned to buy a home for their use, while 18 percent said they wanted to invest in one.
What, then, caused the trend to change? Another result of Covid-19 was this reformation, which made people make rational decisions regarding their assets and financial stability, as well as their welfare and safety. Elevated accommodation and a luxurious way of life came together because of the pandemic. The supply of bigger houses with work areas has grown due to work-from-home (WFH), and this trend might become a new constant. Men and women now want extra features like home theaters, gyms, and yoga rooms to make their homes self-sufficient. As people are present at home more, reputable customers want to enhance and invest in features that increase their standard of living without lowering their convenience level. properties in mumbai
Most banks provide home loans to female home buyers at lower interest rates. As a result, this trend was also supported by the government, and women are now buying homes even in their early years of employment.
Because of this, investors and buyers looking to take advantage of exclusive real estate opportunities are more optimistic due to the introduction of various reforms, including RERA, in India. Despite COVID-19, RERA offers more transparency, registered properties, an easier way to interact, and reliable developers, making buying real estate in India more alluring to everyone, including NRIs.
The recent announcement by the Maharashtra state government to offer a 1% concession on stamp duty if the house is registered in a woman’s name is the most significant incentive that may encourage more women to make the critical decision. This is a once-in-a-lifetime opportunity for all female homebuyers who are still debating making the biggest purchase of their lives. The best chance for all women to view real estate as the primary asset class, ahead of others like stocks or gold, and consider investing in and owning a residential property in one’s name is presented by the stamp duty benefit, lowest home loan rates ever, and assurance of project delivery by RERA.
But when purchasing real estate, picking the right house is crucial, as the pandemic has shown us. Choosing a home with the ideal balance of roomy living areas, open spaces, gardens, jogging trails, amenities, and conveniences like a nearby school, hospital, market, and even your place of employment is essential. properties in mumbai
Hence, choose Emonics Infrastructure properties in mumbai to get closer to purchasing your dream property and perfect abode!