Women’s Day: What are the important thing advantages of investing in actual property

Owning a property doesn’t simply convey safety but in addition it’s seen as one of many long-term value-creating investments. Although, funding in actual property is usually male-dominated are, nevertheless, girls in latest instances are realizing the advantages of investing in properties. Tarun Birani Founder and CEO of TBNG Capital Advisors stated that girls imagine proudly owning property can present them with a way of safety and stability. It’s cardinal that monetary stability is essential for girls’s empowerment and independence.

According to Birani, monetary stability offers girls the liberty to make selections that have an effect on their lives, whether or not it is pursuing an training, beginning a enterprise, or offering for his or her households. Unfortunately, girls typically face distinctive challenges in the case of attaining monetary stability, corresponding to gender pay gaps, profession breaks on account of caregiving tasks, and restricted entry to monetary assets due to the thought course of that their companions will care for their funds.

However, Birani additionally added, “women of the new generation and single women are becoming aware of the importance of financial stability and financial freedom and they are striving to achieve them. They have reckoned that Financial Literacy is the foundation stone of financial stability and many are enrolling themselves to understand financial management topics like Budgeting, the importance of emergency funds, and saving & investing for financial freedom a.k.a retirement.”

He stated, “Many single women are seeking professional financial advisory who are unsure of how to achieve financial stability. A financial advisor can help you create a personalized financial plan, identify investment opportunities, and provide guidance on managing debt and saving for retirement.”

With International Women’s Day to be celebrated globally on March eighth, let’s perceive some key advantages that girls can avail when investing in actual property in India as per TBNG Capital Advisors’ founder. These are:

Lower Stamp Duty Rates for girls:

Many states in India provide decrease stamp obligation charges for girls in comparison with males. For instance, In Maharastra, girls should pay 1% lesser stamp obligation in comparison with males on residential property. This can considerably scale back the general price of shopping for a property. This is an incentive for girls to spend money on actual property and take advantage of out of this profit.

Home Loans are simpler for girls:

It is confirmed with numerous historic information that girls are good traders and dependable debtors as a result of they seldom make their funds complicated they usually have a greater monitor report of servicing loans on time. So, many banks and monetary establishments provide house loans to girls at decrease rates of interest in comparison with males. If no decrease rates of interest, mortgage processing for girls will likely be smoother in comparison with males. This permits girls to personal residential property utilizing higher mortgage services for them.

Tax Benefits:

Though that is widespread to each women and men, they will additionally avail of tax advantages together with their spouses when investing in actual property in India. By being co-borrowers on house loans, girls can declare a deduction of as much as Rs. 1.5 lakh on the principal quantity of the house mortgage, beneath Section 80C of the Income Tax Act. They can even declare a deduction of as much as ₹2 lakh on the curiosity paid on the house mortgage beneath Section 24 of the Income Tax Act. These tax advantages may also help girls scale back their taxable revenue and scale back the general price of proudly owning a property for the household.

Investing in actual property in India will be a superb alternative for girls to construct wealth, safe their monetary future, and acquire a way of empowerment and safety. With decrease stamp obligation charges, simple house loans, and tax advantages, there has by no means been a greater time for girls to spend money on actual property in India. Women who’re interested by investing in actual property ought to discover their choices and search the recommendation of consultants to benefit from this chance.

In conclusion, Birani stated, “financial stability is critical for women’s empowerment and independence. By creating a budget, building an emergency fund, investing in education, saving for retirement, and seeking financial advice, women can take control of their finances and achieve their financial goals. Let’s celebrate International Women’s Day by empowering women to achieve financial stability and independence.”

Disclaimer: The views and proposals made above are these of particular person analysts or broking corporations, and never of Mint. We advise traders to test with licensed consultants earlier than taking any funding selections.

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