Real estate trends: Will the sector witness a rise in women homebuyers in 2024? Experts decode

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women borrowers, which can vary from lender to lender. “Generally, the concession ranges from 0.05% to 0.10% on the standard home loan interest rates," said Kamaljeet Rastogi, Chief Executive Officer, of Manipal Business Solutions.

“Additionally, depending on the region and state, women borrowers can also get a discount of approximately 1% - 2% on stamp duty charges," said Rahul Mehrotra, MD & CEO, RHDFCL This initiative is often aimed at promoting gender equality in financial matters and encouraging women to invest in real estate. Despite having a better risk profile than other categories of borrowers, women continue to face many challenges while accessing formal finance.

While women encounter challenges like gender bias and financial literacy gaps, government schemes and incentives present opportunities for them in the real estate sector. “Women face challenges in buying homes, including gender bias, financial barriers, limited awareness, and safety concerns," said Kamaljeet Rastogi As per Rahul Mehrotra, there are opportunities for women borrowers.

These may include: Lenders offer lower stamp duty and lesser rate of interest (RoI) Various government initiatives supporting women across states “Women enjoy higher loan eligibility, lower interest rates, and tax benefits. The Pradhan Mantri Awas Yojana (PMAY) offers a 6.5% interest subsidy for women in the Economically Weaker Sections (EWS) and Lower Income Group (LIG), irrespective of marital status.

Additionally, reduced stamp duty charges further incentivize property acquisition,"said Pramod Kathuria, Founder and CEO of Easiloan Before hitting 30, many Indians consider taking loans for various reasons like education, home buying, or business ventures. “We have been