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Business EconomyPosted at: Mar 8 2024 12:45PM


78 pc women homebuyers end-users - Survey

Kolkata, Mar 8 (UNI) More Indian women than ever before are
financially empowered to buy their own homes.
Lower stamp tax for
properties registered
in a woman's name and special housing loan programmes have also made
it easier for women to invest in real estate, an ANAROCK survey said
on Friday.
" Women today are no longer mere influencers in the homebuying
process, but independent decision makers and are buying homes for
either self-use or investment. "
According to the latest ANAROCK Consumer Sentiment Survey, a whopping
78 pc women homebuyers prefer to buy homes for end-use, and 22 pc will
do so for
investment. If we look back in H2 2021, this end-use vs investment
ratio stood at 74:26, " ANAROCK Group vice-chairman Santhosh Kumar
said.
The survey also found that 61 pc women respondents see housing as the
preferred investment asset class.
Approx. 16 pc prefer the stock
market, and 14 pc pick gold. Of the total of 5,510 survey
participants, women comprised a 50 pc share.
Notably, 3BHKs are the most favoured configurations for a significant
57 pc women respondents, followed by 29 pc women home seekers voting
for 2BHKs.
Around 9 pc are looking for 4BHK homes or larger.
In terms of budget ranges, nearly 36 pc of respondent women home
seekers prefer to buy mid-segment housing (priced Rs 45 - 90 lakhs),
followed by 28 pc
preferring premium homes priced between Rs 90 lakhs and Rs 1.5 Cr. A
significant 23 pc prefer to buy luxury homes priced Rs 1.5 Cr, and
just 20 pc will settle
for affordable homes priced Rs 45 lakhs.
"While the survey finds that 24 pc of all polled home seekers now
prefer newly launched properties, a deep dive reveals that just 15 pc
women respondents prefer homes in newly launched projects," said
Kumar. "A massive 71 pc will zero in on properties that are either
ready or to be completed within the next six months. This clearly
indicates that the majority are buying for immediate self-use."
Women empowerment has become a core topic in India in recent years,
with various measures being taken by the government for their
upliftment. The most recent was the passing of the Women’s Reservation
Bill, 2023 in Parliament. While the government has been
prioritizing women's homeownership via its flagship PMAY scheme, large
numbers of independent urban women have also come to the market to buy
homes.
A greater number of Indian women are buying their own homes because
they want to feel safe and independent, and there are more single
women living alone and in nuclear families.
UNI PC KK
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