Vinayak Realtech

A recent survey on India’s post-COVID real estate market revealed some interesting insights. Of the 4000 participants who participated in the survey, 82% of Women Home Buyers expressed interest in purchasing a home for their use. Additionally, 70% believe that the current time is ideal for investing in a property. Furthermore, around 31% of them are motivated by the security that a home or flat offers as a physical asset.

Do you feel a connection with these survey participants and share their aspirations of owning an apartment in Kolkata? If yes, you should take the necessary steps to fulfill your dream – especially since there are several advantages for women property purchasers in our country.

Would you like to know more about these benefits? If yes, let me take you on a quick knowledge trip.

Prime Perks For Indian Women Home Buyers

The Pradhan Mantri Awas Yojana (PMAY) was launched in 2015 to enable women of all ages, classes, and marital statuses to purchase or own a house or flat. The scheme provides a subsidy of up to Rs 2.67 lakh on home loan interest for female PMAY applicants buying their first house. Additionally, the house must be registered in the name of at least one female family member.

Congratulations to CLSS

The Government’s Credit-Linked Subsidy Scheme (CLSS) is a program in India that aims to provide subsidies to women home buyers. It is divided into four different plans based on the income of the applicant:

• The Economically Weaker Section (EWS) scheme offers a 6.5% subsidy on home loans up to Rs 6 lakhs for women who earn less than or equal to Rs 3 lakhs annually.
• The Low-Income Group (LIG) plan provides the same benefit as the EWS scheme for women with an annual income of less than or equal to Rs 6 lakhs.
• The Middle-Income Group 1 (MIG-I) strategy offers a 4% subsidy on home loans up to Rs 9 lakhs for women earning an annual income of Rs 12 lakhs or less.
• The Middle-Income Group 2 (MIG-II) plan is for women with an annual income not exceeding Rs 18 lakhs, providing a 3% subsidy on home loans up to Rs 12 lakhs.

The primary goal of CLSS is to encourage widows and single working women to become property owners and secure their financial future.

Best of Banking Initiatives

It seems that you are interested in buying an apartment in Kolkata. As a woman, you may be eligible for various benefits offered by reputed banks such as SBI, HDFC, and IDBI, when applying for a home loan. These benefits include a rebate on interest rates ranging from 0.05% to 0.1%, which may result in significant savings over the entire tenure of 25-30 years. In addition, you may also be eligible for tax deductions of up to Rs 1.5 lakhs on the principal amount and up to Rs 2 lakhs on the interest slabs.

Moreover, banks like SBI also offer exciting add-on benefits such as gold coins, holiday packages, and credit cards to appeal to ambitious women like you. SBI has even launched its own special Her Ghar scheme, which is entirely devoted to assisting women in buying their dream homes.

If you are looking for a smoother road to your dream apartment in Kolkata, then you may want to consider connecting with Team Realtech. With their help, you can become a proud owner of a sweet home in no time.