How is investing in real estate a wise long term Investment strategy.
FEMALE INVESTIOR IN THE REAL ESTATE MARKET
WHERE SHOULD WOMEN START/ BY TAKING BABY STEPS
Where should women start? Encouraging women investors in the real estate
While most people are aware of the wage gap, few of us are aware of the investing gap, which can cost women over a million rupees or more over the course of their lifetimes.
By keeping most of their money in savings accounts rather than investing it, women are missing out on substantial opportunities to build wealth for themselves and their families, which amplifies further when taking in account the power of compounding and tax advantages for females in real estate. Start by making financial wellness a priority. As you start to learn more set investing goals and give yourself a deadline to start investing. The key is to keep going, each investment you make will teach you something, and over time you will be able to invest with confidence.
Let’s say that by the age of 30 you were able to save up to 15,00,000/- and decided to invest in a 50,00,000 rental property. Your mortgage payments would be about …. Over the course of…. Years. Assuming you were able to rent out the property for…per month, you would make about…. Per year. And over the course of ,… years you will make… plus the original …if you decide to sell the property plus the appreciation on that property over the years. While if you kept it in the savings account with an interest rate of …5 you would just get…. . meaning you would have missed out on lakhs of rupees of money of passive income and growth over time.
Start by making financial wellness a priority. As you start to learn more set investing goals and give yourself a deadline to start investing. The key is to keep going, each investment you make will teach you something, and over time you will be able to invest with confidence.
Buying a home can be a major financial commitment, but luckily for women in Maharashtra, there are several benefits to help make the process easier and more affordable. From lower stamp duty rates and property registration charges to access to government schemes and specialized loan products. These advantages can significantly reduce the cost of purchasing a property and help women achieve their ownership. There has never been a better time for women to prove their seat at the proverbial table. At Atharva we encourage and inspire women and help them learn more about investing which can help them gain more competence to become financial change agents.
Financial planning is a vital component of success for women real estate investors. As Indian women continue to gain financial independence and break barriers in the real estate investment landscape, it is essential to stay informed , collaborate with experts and monitor progress to achieve financial aspirations. By embracing the power of financial planning and taking control of their financial future, Indian women can contribute to a brighter and more prosporus future in the sector of real estate investment.
With a blooming economy and liberalized government policies, India is a gold mine for investors, investors from all over the globe are choosing India as their business destination.
The Indian real estate rules the economic vibes of the country, the most important beneficiary of the boom in this sector is the investors.
There is also a reason more men are seeing a merit in co-borrowing a home loan alongside their wives. After all you can avail tax benefits and claim tax deduction of up to Rs. 1.5 lakh u/s 80c on principal repayment as long as the combine claim doesn’t exceed the total principal repaid during the year.
Homeownership is an opportunity for personal fulfilment and independence. The sense of stability and security that owned homes give women in their later years cannot be underestimated. Hence, increasingly women are parking their money in real estate.
INTERVIEW
Real estate is one of the safest bets currently. Hence, I did not think twice before buying a house. Also, I was very clear about my priorities, which helped me streamline my search.
PMAY offers multi-fold benefits for women. The central government and lenders are taking considerable steps to incentivize women to purchase a home with a primary objective of encouraging women home/property ownerships in the country. PMAY is a central government-backed initiative aiming to ensure affordable housing for the economically weaker sections by 2022. This ‘HOUSING FOR ALL’ scheme offers an interest on home financing to construct, improve, buy or extend a house. Under the PMYA it is mandatory to register at least one-woman member of a family as the owner of the house, this enables a maximum available subsidy of up to 2.67 lakhs. Furthermore, women belonging to the LIG (lower income group) and economically weaker sections can get a subsidiary of up to 6.5% on a loan of up to Rs 6 lakhs
With a woman as the co-owner, the interest on your home loan gets calculated by the daily reducing balance method. Which means if you partially repay a large sum, the principal amount is reduced on a daily basis and you pay a relatively lower interest amount.
Stamp duty benefits…
Purchasing a home as a woman also makes you eligible for tax rebate. If the home is self-occupied you can receive an additional tax rebate on the interest amount of up to Rs, 2 lakhs every financial year.
There are no payment charges for women under the Pradhan mantri awas yojana.
Many banks offer a higher loan ability for women homebuyers, some banks may offer up to 90% of the property value as a loan to women homebuyers.
Investing can more often feel like a chore, especially for women investors who don’t want to play the picking game. Picking the right type of property, the right area and a right honest developer to trade with. Here at Atharva we believe in……..