There are many ways to invest in property. Young to old people starting their careers also get very good returns by investing in property, but do you know that women also get many benefits by investing in property? With the change in the way of investing, now you do not even need a huge capital to buy a property. You can invest in real estate only with the amount of capital you have. We spoke to finance influencer Bhanu Pathak about this topic.
1. Exemption on Stamp Duty
Let us tell you that stamp duty is a statutory tax payable during the purchase or sale of a property. This fee is used to register the property in the name of the buyer and legalize the property. In some states, women also get a rebate of 1 to 2 per cent on stamp duty.
Let us tell you that women in Uttar Pradesh pay only 6 percent stamp duty on properties worth Rs 10 lakh or less. These discounts are given to encourage the purchase of a property.
2. Schemes get benefits
Many states have launched schemes and plans for women who buy property, in which registration is exempted. Before buying a property, you must take information about all the schemes of the state so that you can take advantage of it. Not only this, most of the housing finance companies and banks also offer home loans to women at low rates. Let us tell you that the interest rate for women is lower by 0.05 percent as compared to men.
3. Source of income
Investing in property is the safest way to get regular income. After investing in the property, if you give it on rent, then your financial condition will also improve and you will be able to save. Before investing in a property, make sure that the property is in a good location and has well-developed physical and social infrastructure.
You get all these benefits by investing in real estate.
image credit- freepik
