For many years, many men were involved in purchasing properties in India. But, in 2024, women have solely registered Rs. 1.29 lakh residential transactions. While this seemed to be prevalent, women homebuyers have increased by 4%. The cumulative percentage has now been slightly higher than the growth of male homebuyers (11%). On the contrary, people observed a decline by 7% in joint ownership transactions. But, this category is still dominant and is equivalent to 40% of the transactions. Moreover, digital advancements and government initiatives are the cause of this trend. So, scroll ahead to know how various initiatives are driving the increase in women home buyers. As you read ahead, you will also come across how technology is supporting the trend.
With an aim to promote women’ s homeownership, the Indian government has introduced many initiatives. These will certainly enable women to own property in 2025 and years ahead.
This initiative will promote affordable housing for women in 2025. Under this scheme, women have to be the co-owners of the properties in rural and urban regions. Additionally, homeownership will be more affordable as home loan subsidies of up to 6.5% will be offered.
To encourage women homebuyers, several banks will offer certain home loan schemes. These schemes will come with lower interest rates and have more favorable terms. Hence, taking a home loan will be affordable for women.
Real Estate (Regulation and Development) Act (RERA)
Under RERA, women who are buying a property will be secured from fraudulent practices. As per the clauses of the Act, the developers also have to register the projects and be clear regarding the timelines. This will keep women away from dealing with unreliable real estate developers.
State-Specific Housing Initiatives
Several Indian states have now launched housing schemes for women. For instance, the Madhya Pradesh Housing and Infrastructure Development Board (MPHIDB) is offering incentives for women applicants. On the other hand, the state government of Tamil Nadu is supporting women to buy affordable homes in urban and rural areas.
Besides the above initiatives, the National Centre for Financial Education (NCFE) will focus on enhancing financial literacy among women. Such programs will help them to comprehend property laws and the process of taking home loans. Apart from everything else, the concessions of 1 to 3% on stamp duty have also led to affordability in housing. Property ownership for women is also more accessible due to the benefits under Sections 80C and 80EE.
With time, technology will play a role in supporting women’s homeownership. This will eventually help surpass barriers related to finance, legal complexities, and more. Let’s now check the ways in which technology will empower women.
Eventually, women can improve financial literacy through a few mobile apps. These can offer financial advice and help track credit scores. Women home buyers can further use loan calculators before purchasing any property.
As women soar high in 2025 and beyond, they may face numerous challenges. Access to affordable financing can be a major obstacle for women. This is likely to occur because women may have to face discrimination while taking loans. Additionally, societal norms and cultural biases can limit the decision-making power while buying a property. Patriarchal families may not be supportive to women when men are responsible to make decisions. Way ahead, women may not be able to pursue homeownership independently. At those instances, the women will have to consider the needs of the family over personal aspirations. They may also not be involved in property transactions due to gender bias in property laws.
Finally, with the rise of women home buyers, it seems that financial independence is prominent. But, with the property transactions in mind, the real estate sector is also more inclusive and balanced. The future also looks bright for women who aspire to own a home sooner or later.
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