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Why are Women Buying More Homes as Compared to Men?

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Orimark Properties
Why are Women Buying More Homes as Compared to Men?

Since an aeon, a great emphasis is laid on the basics of human needs like food, clothing and shelter. With the leafing of years, the home has become a necessity; hence the real estate market has puffed up. However, there is a paradigm shift in the buying process; formerly reserved as a male dominant sector has now become a female disposition. Wondering why? Here we have made a list of reasons that suggest why more and more women are buying duplexes for sale in Sundarpada, Bhubaneswar.

 

1. Financial Independence

Women are no longer considered as a weaker sex. She is proving her identity in various fields, and real estate is no distant. Going by the statistics of the National Association of Realtors, as of 2023, single women made up 17 per cent of home buyers; erstwhile single men accounted for 9 per cent. This fact validates that women are empowering themselves by ticking the box of financial stability.


2. The pandemic has reinforced real estate as an option.

Back then, women used to invest in gold, bonds or fixed deposits, but after the pandemic hit the market hard, they are considering buying flats in Sundarpada as a viable investment option. 

 

3. Amenities

Whether buying 2 BHK flats in Sundarpada or 3 BHK flats in Sundarpada, the amenities and quality of life are guaranteed; the flats are self-sufficient, larger than the average, and have a battery of amenities like gyms, yoga, home theatre, drawing room, dining room, puja room without the need to compromise the convenience quotient. 

 

4. Support from the government

The fuelling support of the government has pushed female owners to buy apartments in Sundarpada. The benefits that you will get are aplenty. Some of them are written here.


·      The government will waive the stamp duty if the property is fully registered under the woman's name.

·      Waiver of home loan interest

·      The woman buyer gets the special privilege of getting a discount on purchasing the property. They do not require loosening their pocket so much as their male counterparts. The home loan amount will be reduced as they pay low-interest rates. 


·      Tax benefits

Another reason a woman keenly purchases a duplex in Sundarpada is that, as a borrower, she can claim tax benefits from her salaried income.


·      PMAY Scheme

The 3 Bhk flats in Sunderpada come under the government scheme. Under this scheme, the woman buying the property will get concessions in form of low-interest rates and interest subsidy on housing loans of up to 6 lakhs. The shift in trend is due to government impetus on female entrepreneurship, resulting in women buying properties during the early working years. 

 

5. Introduction of RERA 

Women buying apartments in Sundarapada is rising due to the introduction of RERA. RERA is a granddaddy of real estate marketers. It prevents the buyer's interest by introducing various laws and regulations. It clarifies the registered property, method of interaction and how to sue untrusty developers, making the purchase of property appealing. 

Combined, these are a few reasons why women property buyers are growing at a rapid pace. However, when purchasing the property, choose the home with the right amenities like spacious area, open spaces, gardens, and conveniences like a hospital, school and workplace nearby. 

 

Winding it up 

Orimark Properties provides the perfect mix of amenities and a plethora of choices in terms of configurations depending on your budget. Our listed flats range from 1 BHK, 2 BHK, 3 BHK that best suits your lifestyle. We also help to find the under-constructed flats and ready to move flats in Sundarapada, Bhubaneswar. These projects vouch for great facilities and ultra-modern amenities that no one could ask for in Odisha. Orimark Properties is a trusted brand that needs no advocacy in terms of reliability. So, all you powerful women, shed your inhibitions, remove that camouflage and come ahead with confidence by buying flats and apartments from Orimark Properties. The company offers a bouquet of lucrative benefits on buying the project. Get in touch with us to know the property buying process and facilities in Bhubaneswar, Odisha.

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