Rapid economic growth in India has led to a real estate boom, with women increasingly taking advantage of the market – Some of the key factors include the fact that women now have more financial independence than ever before and real estate is seen as a stable investment.
No Broker’s study said –
Nearly 70% of women prefer to invest in real estate. This growth is being driven, in part, by the increasing role of women in the Indian economy. Women chose to invest in property compared to investments in gold, systematic investment plans or stocks, and luxury fashion.
As more and more women invest in real estate, it is becoming increasingly important for them to be aware of the legal and financial implications of doing so. It is also important to be aware of the risks involved in any investment and to take steps to minimize those risks. By doing so, Indian women can continue to take advantage of the booming real estate market and secure their financial future.
Many women are buying property as an investment or to provide a home for their families –
Women have long been considered second-class citizens in India, but this is changing as they gain access to education and jobs. In addition to owning property, women are also starting businesses at a faster rate than ever before. This progress is due in part to the fact that there are now more opportunities for women than ever before. Buying property is seen as a sound investment by many women. This trend is likely to continue as more women enter the workforce and become financially independent.
Challenges that women face when investing in real estate –
However, there are also a number of challenges that women face when investing in real estate. While men have the liberty to apply for loans with their brothers or parents as their co-applicants, women do not have that privilege. Only unmarried women can have their parents as co-applicants, married women co-applying with their mother /father do end up getting their applications rejected.
Additionally, many women do not have the same level of knowledge about real estate as men, which can lead to bad investments. And finally, there is still a significant amount of gender discrimination in India when it comes to real estate transactions.
While men have the liberty to apply for loans with their brothers or parents as their co-applicants, women do not have that privilege.
Only unmarried women can have their parents as co-applicants, married women co-applying with their mother /father do end up getting their applications rejected.
Conclusion:
This is a positive trend that is likely to continue. Women are becoming more empowered and are seizing opportunities to improve their lives. We should encourage this trend and support Indian women as they make progress in the world.