Sunday, Jul 21 2019 | Time 03:23 Hrs(IST)
  • Iran says captured British oil tanker escorted by warship
  • Russia launches manned spacecraft to space station
  • 19 wounded, two killed in Chicago shootings
  • Bengaluru Bulls edge out Patna Pirates 34-32
States » East

From ‘Influencer’ to ‘Actual buyer’: Women emerging New Age Home buyer

Kolkata, Mar 8 (UNI) Empowering women in India moves along twin tracks - first, the accepted norms and second, the new age opportunities that women are creating in an evolutionary stage for India.
According to Dr Niranjan Hiranandani – National President – NAREDCO & CMD- Hiranandani Communities, among the aspects that define empowerment, shelter, or housing is among the most important. Having one’s own home, preferably one that is owned is arguably, among the most important decisions of our lives– and this holds true for all Indians, regardless of gender.
He said over the years, it was the male who was considered responsible when it came to buying a home; present day, women are not just fast catching up, they have also broken the stereotypes - from being ‘influencers’, they are now home buyers in their own right.
Home buyer- Indian real estate buying has undergone a paradigm shift in terms of home buying pattern. The switch from traditional newspaper ads to digital buying and virtual tours everything has undergone a makeshift. The predominantly male home buying industry has transformed in to women centric scenario, Dr Hiranandani said.
Today the well -educated independent and strong women wants to create their own wealth asset and widen their investment horizon. Today, women’s have endeavored in attaining higher education to fat pay cheques a much more beyond their traditional stigma, he said.
When it comes to buying a home for the family, in the Indian real estate scenario, it has traditionally been a situation where the lady of the family – be it a spouse, parent or child – played an important role in selecting the house. As the adage goes, the lady of the house would make a house into a home – and this traditional thought has been an important aspect of Indian families selecting their dream home and buying it, Dr Hiranandani said.
He said,” In recent times, we have seen women taking on different roles when it comes to homes – from the student looking for student housing options to the working woman looking for a home; the single mother looking for something that balances the child’s upbringing tasks and her workplace. With their changing roles the growth trajectory for women has been much more pronounced.”
Reflecting reality in metropolitan cities so far, the trend of women being the second biggest group of home buyers is also catching up in many tier II cities. A synopsis of different reports suggests that a little over 30 percent of those who rent or buy a home across the country are women. Another estimate suggests that women contribute to decision-making in about 74 percent of residential real-estate purchases, Dr Hiranandani said.
He said most of the women home buyers look out to buy property for self- use. This trend could be attributed to the special benefits provided to women home buyers. Women home buyers are incentivised with several ustomized schemes and offers by govt, banks & institution, developers and channel partners.
Dr Hiranandani said the benefit of credit subsidy for first time female home buyers under PMAY scheme has given major thrust to this emerging home buyer segment. Developers also announce lucrative discounts and offers to generate interest among the females and garner the sales. Many banks and home financing institution also come up with alternative schemes to benefit the women home buyers with flexi-payment scheme to comfort their home buying experience.
Similarly, women home buyers get tax benefits, are eligible for a tax deduction subject to a limit in case of self-occupied property, as also they are also eligible along with their spouse for income tax deductions in instances of co-owned property, he said.
“On the occasion of Women’s Day, I would appeal all the new-age millennial women home buyers to step out and buy their dream home. It is the right time to secure your bright future and ensure one’s financial stability,” Dr Hiranandani added.
More News

Govt officer arrested on graft charge

20 Jul 2019 | 10:43 PM

Patna, Jul 20 (UNI) Vigilance sleuths caught a government officer red handed when he was accepting bribe of Rs 28,000 from the complaint in Saran district on Saturday.

see more..
Mamata reacts to  Sonbhadra killing

Mamata reacts to Sonbhadra killing

20 Jul 2019 | 10:21 PM

Kolkata, Jul 20 (UNI) "Whenever there is communal violence, what the BJP does
is invoke Section 144," said Chief Minister Mamata Banerjee today.

see more..

Former CM Pawan Chamling condoles demise of Sheila Dixit

20 Jul 2019 | 9:31 PM

Gangtok, Jul 20 (UNI) Former Sikkim Chief Minister Pawan Chamling today
condoled the demise of three-time Delhi Chief Minister and senior Congress
leader Sheila Dikshit.

see more..

Sikkim CM PS Goley condoles demise of Sheila Dixit

20 Jul 2019 | 9:25 PM

Gangtok, Jul 20 ( UNI) Sikkim Chief Minister P.

see more..

3rd battalion BSF observed Vijay Diwas in style and reverence

20 Jul 2019 | 9:18 PM

Ambassa (Tripura), Jul 20 (UNI) To commemorate the martyrdom and the victory
of India over the Pakistani intruders on July 20, 1999, the 3rd battalion BSF
observed the Vijay Diwas in grand style and reverence in the bordering subdivision
of Kamalpur in the northern Tripura district of dhalai here this evening.

see more..