When a woman truly owns it, she takes charge of every aspect of her life. She knows her voice is powerful and uses it confidently to express her thoughts and opinions. She takes pride in her attitude, knowing that it is the key to her success in all aspects of life. She owns her home, not just as a physical space, but as a sanctuary that reflects her personality and values while fulfilling her aspirations.
#SheOwnsIt, a campaign that celebrates not only independent and proud female homeowners but also women who own their voices and ambition with pride while inspiring those million around her.
The mindset of present-day women has significantly shifted towards leading an aspirational lifestyle and having a better standard of living. To support this, we at Lodha offer a host of value-added services for our homebuyers to aid them through every stage of the home-owning journey. With world-class amenities, state-of-the-art infrastructure, a six-tier security system, home loan and registration support, seamless customer experience and access to a like-minded inspiring community of women – every Lodha home is designed to enable our residents to live a better life.
Aspirant Women Homebuyers can seek tax exemptions on a home purchased under their name. As per the old tax regime, women can avail numerous tax advantages as co-owners too. Joint ownership allows the couple to claim tax deductions separately, property co-owners can claim IT deductions on both, principal and interest. Owning a property means women can build equity, making themselves more creditworthy in the eyes of lenders.
The Government’s flagship scheme, Pradhan Mantri Awas Yojana, or PMAY has many advantages for women over men as women applicants will receive a subsidy of up to 2.67 lakhs. However, the Condition: The house on which the loan is taken must be the first house in the name of the woman applicant.
Among the female real estate investors, a majority of Indian women prefer to invest in the affordable housing segment priced between Rs 45 lakh - Rs 90 lakh. A real estate consultant consumer sentiment survey, which involved 2,275 women, revealed that about 65% of them preferred to invest in real estate, while 20% preferred to invest in stocks. Only 8% Women favoured gold, the findings revealed. 23% Women preferred to purchase property for investment purposes while 82% preferred to buy homes for end-use.
Stamp duty on property for women is 5% and for men is 6% of the property value. Between the months May - August 2022, IGR Maharashtra registered 9.70 lakh documents and total earnings of approximately Rs 1,776 crore. This initiative will encourage more women to buy houses and address the long-overdue concerns of gender disparity.
The Maharashtra Government Budget presented on March 9, 2023 announced a concession of 1% over the prevailing stamp duty rate on property transactions, if the transfer of house property or registration of sale deed is done in the name of women.
Women should have savings of up to Rs 1 lakh to 2 lakh, for a house worth Rs 1 crore. Income tax benefits can also be enjoyed by women on their home loan repayments. Rs 1.5 lakh on principal & Rs 2 lakh on interest repayment is the maximum deduction allowed.
The aim of the PMAY scheme is to make the process of property ownership seamless for women. Eligibility: According to the scheme rules, subsidies up to INR 2.67 lakh are granted. Condition: There must be at least 1 woman owner of the property in question.
