Mokila, a suburb of Hyderabad, is becoming the most popular choice among real estate property buyers. The major buyers are IT employees working in closer commercial hubs of Gachibowli, Kokapet and Hitech city, mainly for residential purpose.

The present ‘Women of Millennial’ is no doubt - progressive, dynamic and ready to take challenges or responsibilities of all levels. They are confident enough to make decisions for their career and investments, independently.

Change in Perception for Real Estate Investment among Women

In recent times, there is a tectonic shift in millennial woman investment preferences. Along with the gold, FDs, SIPs, real estate is also a new favorite choice in her investment portfolio. With a rising number of working women in India, financially independent women are actively participating in buying homes, both for living as well as for investment purpose.

It is surprising to know that in a recent survey it was found that, the Indian women don't want to compromise on the property sizes and would rather prefer to spacious 2BHK or 3BHK home options to buy.

On the occasion of International Women's Day, we are presenting here an article to help women know their privileges and challenges that they might face while buying a home. We hope this will be helpful to you.

Privileges:

There are many benefits that Indian women can avail for buying or registering property in her name.

1) Lower Rate of Interest

A small reduction on the interest rates gives a big saving on long-term home loans. Home loans fall under the category of priority lending, hence has a lower rate of interest as compared to other types of loans.

Women home-buyers further get a discount on home loan interest rates to the tune of 5-10 basis points. Many banks like SBI, HDFC, ICICI, etc. offer discounted home loan rates especially to women as compared to men, the variation can be near to 1%, depending upon the bank.

2) Faster Bank Loan Approval

Many banks offer faster bank loan approval when the primary applicant of home loan is a woman. The lending institutions carry out their part of loan clearance formalities of the application concerning -income of the applicant, credit score, another bank/loan liabilities, etc. Usually, women applicants are perceived to be less risky and hence loans can be approved in less time.

3) Lower Stamp Duty

It is mandatory for any property to get registered in the local land governing body (under the Indian Stamp Act, 1899) mainly to validate the sale of the property and maintain a record of the purchase. This process requires making a payment through stamp duty by the property buyer. It usually lies in the range of 4-10% of the registered value of the property. This charge may considerably increase your budget set on purchasing a house. In Hyderabad, stamp duty charges are 4% on the property value.

The stamp duty charges are lower if property registration is executed in the name of a woman. As it is a state subject, it can vary from state to state. It might even vary within a particular state, based on the classification of the region as 'Rural' or 'Urban'. So, make a check of stamp duty charges beforehand to avail the benefit.

4) PMAY Benefits

Women can avail an added benefit through PMAY (Pradhan Mantri Awas Yojana), which empowers a woman of a low-income group also to own a house - as per the ‘Housing for All by 2022’ mission. You get a privilege of interest subsidy given on housing loans under the new Credit Linked Interest Subsidy Scheme. In this scheme, under the category of Economically Weaker Sections (EWS) and Low-Income group, to avail this benefit, it is mandatory that a woman should be a sole owner or a co-owner of the property to be registered.

5) Special Discounts from Realtors

Often construction companies or builders would offer special discounts to women home buyers. Discounts to women home buyer should not be the sole factor for buying the home. Although it looks enticing, due diligence is advisable into the property details, before finalizing the deal.

Challenges Faced by Women

Buying a property by a woman is not a complete cakewalk. They too have to bear with some challenges while buying their dream home.

1) Restrictions on Co-Owner Loan Application

While men have the liberty to apply for loans with their parents or brothers as their co-applicants, women do not have that privilege. Only unmarried women can have their parents as co-applicants and married woman co-applying with her mother/father is not easily accepted by lending institutions. It is a lender’s prerogative to approve the loan application of woman as co-applicants.

2) Search for Secured Property

Women usually prefer properties which ensure safety and security to them. Such properties do come with high prices than others. This may put an extra budget burden on sole women property buyers. However, there is reliable property portal like proppick.com, which provides detailed information related to any type of property - Flat or independent house or gated community villa or plots to search and finalize your dream property for residential or investment purpose.

Final Words:

With the evolving socio-economic scenario, Women are rapidly emerging as a critical home buyer segment in India. It is good for any economy when women take an interest in real estate investments.

Property marketers and property developers should re-strategize their business approach to include them as important customers and consumers. However, it is recommended that every woman should act with a lot of caution and thoroughly check all required documents before deciding to buy a home.

Proppick.com - one of the best property portals of Hyderabad where you can easily get a wide range of best and affordable properties of your choice. For more information, you can log on to our city based property searches.

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Investment in open plots continues to remain the most popular type of real estate investment in India. The availability of land for sale is limited, but the demand for it is ever-increasing, especially in flourishing towns, cities, and metros. 

In the last two decades, the land is the only asset that has increased in value by over 800%. This is the reason why more and more people are investing in open plots or lands in urban cities.

From long term prospect, investing in residential plots or properties is considered as the most profitable option not only in India but all over the world. Buying an independent land or open plot means sovereign choice to build a house of own choice depending on family requirements and budget. 

Flourishing Hyderabad City

Hyderabad city is considered as one of the most popular cities in India for its vast land availability and affordability. Out of the other cities of South India - Bengaluru, Chennai, Coimbatore, Vijayawada, Vizag. Hyderabad is developing at a fast rate in all its spheres of development - social and economic, due to positive initiatives undertaken by the state government of Telangana. 

All multinational companies present in the world holds offices in Hyderabad. The heavy investment from these tech giants and flourishing educational, medical and business facilities have accentuated Hyderabad as the most desirable city of India. This has opened doors for investment in real estate segment for all types of salary group people, also. 

Best Real Estate Property Portal in India – Proppick.com

While there are several best places to invest in Hyderabad, what is most essential is to choose a trustworthy real estate portal or agency that gives full value for your time and money invested. 

Proppick - a leading real estate property portal in Hyderabad provides you with a huge database for availability of open plot for sale in Hyderabad and its vicinity. It has a vast network of trusted property land developers and dealers working at the root level of the city to bring the best property search to you with the lowest price tag.

You can easily choose with your type of property, budget, and area of preference to search for a desired property in its website - proppick.com. It includes detailed layout features, amenities, map, area, rates, availability of plot units for sale and many other deliverables that property buyers need to know. It lists many premium projects, gated community plots for sale and independent open plots for sale to fulfill the search for your dream property. 

There are several options available for investment in land property in Hyderabad city according to your budget constraint or area preferences. 

We are presenting you with some of the best areas for land property investment in Hyderabad city that has given best returns in the shortest of time. They are:

Adibatla: It is the next top Hitech city building in the south zone of Hyderabad. TCS has already set up their office and has world class entertainment park- Wonderla. It is considered as the best area of Hyderabad for investment purpose, especially open plots. Several ventures with well-planned residential gated community project like Aerospace County and many other retirement homes available in this region are the best options for investment, for property buyers. 

Ibrahimpatanam: The easy connectivity from Hyderabad to Ibrahimpatnam has provided an excellent opportunity for investment in open plots in this belt. A lot of engineering colleges, connectivity to ORR and quick access to upcoming Fab city, Pharma city, etc. has a lot of potential for better returns in for real estate properties in this region in future. There are several HMDA approved gated community projects like JB's Serene City - Phase IV, offering open plots for sale at reasonable prices. 

Shadnagar: It is well connected with other parts of the city through public transport system and offers easy access to schools, colleges and hospitals. Investment in independent villas and open plots for residential and investment purpose is expected to give better returns. You can invest in ventures like Lorna Greens for quality living.

Srisailam: Srisailam National Highway benefits with the development in the vicinity area and also providing great investment options for open plots. Many gated communities like BMRS Pranava, are providing quality conscious infrastructure and amenities to the property buyers at affordable price.

Kompally: Kompally is witnessing economic growth at a fast rate and one can find a huge number of residential projects coming up here. If you are considering for good neighbourhood and close proximity to Hitech city then investment in this area is the best bet to go ahead. World-class residential plots and independent villa options are available here like - Icana Meadows.

Shankarpally Road: Shankarpally road is expected to give the best returns because of its close proximity to Hitech city, Gachibowli, etc. People interested in independent plots can opt for ventures like Vanabhoomi, Hiranandani Loftline, Maitri Enclave, etc.  which are providing full amenities in its gated community.

Bhongir: Bhongir is taking advantage of heavy investment in temple town Yadagirigutta. Buying open plots here is more cheaper than Yadagirigutta. It offers great value for investment in future as it is connected to Hyderabad - Warangal Highway. PVR T-Town is offering HMDA approved layouts near the foothills of the Bhongir Fort.

Shamirpet: Shamirpet is undergoing a fast pace of infrastructural development. Many real estate project investments have already started in this region opening for better returns on property investment in the future. Residential open plot venture like Arya Nagar Phase II is providing HMDA Approved layout here to look out for.

There are several other localities of Hyderabad which are witnessing many residential as well as commercial real estate ventures getting launched e.g. in Shamshabad, Tukkuguda, Kukatpally, Vanasthalipuram, Madhapur, Yadgirigutta, Gajwel, Attapur, Uppal, Jalpally. For more information in best and affordable properties in these areas please contact us.