Women Transforming The Real Estate Business!
26th Mar, 2019
“ There is no limit to what we as women can accomplish” – Michelle Obama. When it comes to employing women, they have established themselves in industries such as airlines, hotels, fashion, films, food, administration, education and interior designing. However, in this modern era, women have also actively taken over the real estate, banking, finance, medical and political industry as well. There is no field of work in which women have not made an impact or name for themselves. We live in a time period where men and women both walk together, and gender inequality in the workspace is slowly starting to collapse. Women in real estate are also quickly starting to make a name for themselves.
Women as real estate agents
Since Women’s Day was celebrated on the 8th of March, we decided that this entire month should be dedicated to them. This post was written by a woman, and for women, to celebrate their accomplishments in the real estate industry. Historically, women have been involved in real estate almost since its inception in 1794 and its establishment as a legitimate business in the 1840s. In real estate’s early days, women filled office and clerical roles, but by the 1880s, women were already moving into the roles of agents and brokers, though at a relatively slow rate.
Nationwide, women brokers dominate the residential real estate market, but have yet to make a major entrance into the more lucrative commercial market. Aspiring female realtors have had to work really hard to prove themselves like in every other male-dominated profession, but gradually, like all other, they have been able to turn the tables.
While the gender role reversal has definitely been a game-changer, the industry itself has undergone a transformation, evolving into a field with a higher degree of professionalism that’s well suited to women. Studies even say that women in the field for more than 20 years are much happier than men with their career success and felt more fulfilled than ten years earlier.
Women as real estate buyers
Single or married, women have become highly independent and financially stable all over the world, therefore increasing the number of women home buyers. Today, women constitute the second biggest group of home buyers in India. This trend is largely visible in metropolitan cities like Mumbai, Delhi, Bengaluru, and Chennai. According to a Track2Realty report, 32% of buyers across the country are single women. Real estate developers, are noticing this trend in the market and are building offers to cater to the needs of this particular segment.Some of these offers include:
- Lower interest rate for women buyers
- Housing for All Mission: (Stating that women should be either co-owners or sole owners)
- Tax deduction: Both husband and wife are eligible for income tax deductions if it is a co-owned property or a tax deduction of 1.5 lakh in case the property is self-occupied.
Now is the time for women buyers to start investing smartly to ensure financial stability and security for their future. Do you know a woman planning to buy her first property, or looking for one yourself? Click here to check out some of our properties and let us help you buy a house you can call home.