Women are now getting special support from the government when it comes to buying a home. This includes discounts, tax benefits, and priority in housing schemes.
The government, banks, and tax laws are all working together to help women become homeowners.
If you’re a woman planning to buy a house, here’s how you can take advantage of these benefits.
Buying a home used to be seen as a man’s job, but things have changed. Today’s women are not only buying homes but also securing their future.
1. Lower Interest Rates on Home Loans
Women can get a discount of 0.05% to 0.10% on home loan interest rates. While it may seem small, this can save a lot of money over the years.
Banks also see women as reliable borrowers. Their credit scores are usually higher, and the risk of missing payments is lower.
2. Double Tax Benefits
Women can claim up to ₹1.5 lakh under Section 80C and ₹2 lakh under Section 24b as tax deductions on home loans.
If both husband and wife are co-owners, they can claim these benefits separately—doubling the savings. First-time homebuyers can also claim an extra ₹50,000 deduction.
3. Lower Stamp Duty Charges
Stamp duty charges are lower for women in many states. For example, in Delhi, women pay 2% less than men.
In Rajasthan, women pay just 5%, and in Uttar Pradesh, it’s 1% less. This means women can save a lot of money during house registration.
4. Priority in Government Housing Schemes
Schemes like PMAY (Pradhan Mantri Awas Yojana) require women to be the owner or co-owner of the property to qualify for the subsidy.
This rule helps more women, especially from low-income groups, to own homes. So if you or any woman in your family is thinking about buying a house, now is a great time to do it.
