Benefits Of Investing In Real Estate For Women - Group Satellite

1. With the increasing number of women in top positions of businesses, it is quite evident that women are now highly progressive and financially empowered visionaries. Also, there has been a significant rise in the percentage of women investing in real estate than on gold and FDs. According to the latest survey, it has been found that almost 42% of women like investing in real estate amongst others who prefer investing in gold and FDs. In reality, women homebuyers can enjoy a lot of advantages by investing in real estate in Mumbai. If you're a woman thinking about investing in properties, the following points will make it easier for you to gain insights into the advantages that women can enjoy when investing in real estate. The top advantages that women can enjoy in real estate investments Better interest rates One of the major advantages is financial institutions offer great offers and incentives to women investors, which is only meant for helping them make more money. The reduced interest rates not only appeal to investors, but also housewives, and home buyers. Mainly, the reduced interest rates encourage women to be financially independent. Women buying residential flats in Mumbai should check whether there is any concession for women on stamp duty on registered property. Stamp Duty (Varies based on the state) Few know that women get 1%-2% reduction in stamp duty irrespective of whether they are the only owner or a co-owner of the property. Generally, the stamp duty is calculated based on the circle rates of the property pertinent in the area. Also, the charges vary from one state to another. Securing financial independence

2. Having a diversified financial portfolio is the ideal way to achieve financial independence at a later stage of life. Mixing physical and financial assets is an investment approach that keeps you safe from market volatility. Moreover, real estate investment is much safer than stocks that are always subjected to market volatility. Needless to say, the recent pandemic situation was a good lesson for us as it showed the significance of having a haven for your family and their well-being. Hence, if you are thinking about buying a 2 bhk in Goregaon, it will only turn out to be a great means of securing your financial independence. Property tax rebate The annual amount paid by a real estate owner to the municipal corporation of the local government is known as property tax. The property comprises all the tangible office building, estate-house, and the property he rented out. Many municipal corporations provide discounts on property tax to women, but rates may differ across municipal corporations in a state. Finally, if you are investing in any residential projects in Mumbai, it is advisable to choose only the projects that have been developed by RERA-certified developers in Mumbai. Make sure to conduct a thorough check on the background of the developer as well as check the projects they have done till today. It is essential to assess the kind of amenities that are being offered, the location of the residential project, and its connectivity, then choose the one that suits your needs.