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Women in Real Estate: Empowering Change in India's Property Market | Karamchand properties

Women in Real Estate: Empowering Change in India's Property Market

August 2024

As March, the month dedicated to acknowledging women's contributions, draws to a close, it's crucial to recognize the significant influence women in real estate have had on shaping the market in India. From Mumbai to Delhi-NCR and beyond, women have emerged not only as key decision-makers but also as drivers of significant trends and preferences within the industry.

Women's Property Preferences: Driving Market Trends and Investments

According to recent surveys, there's a notable surge in women actively seeking properties valued above 45 lakh in Mumbai, signaling their growing financial confidence and aspirations. Moreover, women exhibit distinct preferences for spacious homes, ready-to-move properties, and specific budget constraints, showcasing their discerning taste and significant impact on market trends.

Changing Dynamics: Women's Strategic Approach to Property Ownership

Reflecting on these trends, we acknowledge the pivotal role women play in driving demand and influencing developers' offerings. Over the past decade, women in real estate have emerged as a substantial segment in the residential real estate market, particularly in urban centers. Their preferences are shaping emerging trends, from prioritizing spacious homes to driving demand for ready-to-move properties.

Property Ownership as a Symbol of Independence and Security

While Mumbai exemplifies this trend, it's not the sole city witnessing women's remarkable impact. Across ten major cities, including Delhi-NCR, Bengaluru, Chennai, Kolkata, and others, surveys reveal that a majority of women are willing to postpone marriage to prioritize property ownership. This underscores their perception of homeownership as a symbol of independence and security, with a preference for affordable and mid-segment housing.

Women’s Rise in Luxury Segment and Plotted Development 

Additionally, reports from leading real estate developers highlight the growing presence of women in luxury segment purchases, particularly in plotted development projects. Women are increasingly seeking premium plots offering clear titles, legal assurances, modern amenities, and assured appreciation, leveraging various state and bank incentives for homebuyers.

Driving Change and Shaping the Future of Real Estate

As women continue to play larger roles in leadership positions and decision-making roles within the real estate sector, the industry landscape is undergoing a significant transformation. Their presence as managing directors, executive vice presidents, and leaders across various sectors highlights their capabilities and contributions.

Looking Ahead: A More Inclusive and Diverse Real Estate Sector

In conclusion, women are driving change and shaping the future of the real estate market in India. From property consultancy to real estate development and investing, their influence spans across various sectors. It's essential for the industry to recognize and embrace the pivotal role women play, fostering a more inclusive and diverse environment for growth and innovation.

At Karamchand Properties, we recognize and celebrate the empowerment of women in real estate. Our plotted development projects offer clear titles, legal compliance, modern amenities, and assured appreciation. Whether you're building your dream home, investing for the future, or gifting your loved ones, we have the perfect plot for you.

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