The number of women purchasing residential properties in India has seen a significant increase, with 1.29 lakh transactions recorded in 2024, marking a 14% rise from the previous year, according to a report by Square Yards. This growth outpaced the 11% increase observed among male homebuyers during the same period, as published by Hindustan Times.
The surge in female homeownership is attributed to government incentives, financial benefits, and digital advancements. Several state governments have introduced stamp duty concessions ranging from 1% to 3% and reduced registration charges of 0.5% to 1% to encourage women homebuyers. These initiatives have played a crucial role in improving accessibility and affordability in the real estate market.
In addition, major lenders offer a 0.05% reduction in home loan interest rates for women. Tax benefits under Sections 80C and 80EE further enhance affordability for female buyers, contributing to the rising trend.
Digital tools have also played a pivotal role in empowering women during the homebuying process. Online property search platforms, mortgage calculators, and budgeting apps have simplified decision-making. Social media, fintech innovations, and digital payment systems have improved financial inclusion and autonomy, enabling women to make informed property purchases.
The Square Yards report, titled “Key Holders of Change – Women Driving Real Estate Growth and Transformation,” reveals that total residential transactions across major cities—including Mumbai, Navi Mumbai, Thane, Pune, Bengaluru, Hyderabad, Noida, Greater Noida, and Ghaziabad—rose to 5.77 lakh in 2024, reflecting a 4% increase from 5.56 lakh in 2023.
Women buyers accounted for 22% of these transactions, up from 20% in the previous year. Sole female transactions increased from 1.14 lakh in 2023 to 1.29 lakh in 2024. Meanwhile, transactions by male buyers rose by 11%, reaching 2.18 lakh from 1.96 lakh the previous year.
However, joint ownership transactions, involving both male and female buyers, declined by 7% over the same period. Despite this drop, joint ownership remained the dominant category, comprising 40% of total registered residential transactions.
The analysis included both primary and secondary residential transactions for apartments, plots, and villas across the mentioned cities.
“As women gain greater empowerment through education, workforce participation, and financial independence, they are emerging as formidable decision-makers and influential consumers across industries—real estate being no exception,” said Kanika Gupta Shori, COO and founder of Square Yards.
“Women homebuyers are emerging as a transformative force in the property markets, propelled by increasing workforce participation and supportive government initiatives. The numbers speak volumes—this year alone, 1.29 lakh residential transactions were registered under sole women homebuyers. Underscoring this trend, women make up close to 53% of our clientele as sole or joint homebuyers on our platform,” said Tanuj Shori, CEO and founder of Square Yards.