According to a new report, the real estate market in Delhi-NCR to grow rapidly in 2023. Delhi, Noida, Gurgaon and the periphery areas are gaining attraction like never before. The real estate with approximately 40 percent of people is preferring it over the other investment options, and continues to be the best option in Delhi-NCR to invest. The report says that it clearly highlights the facts that Delhi-NCR is going to surprise one and all with growth beyond the expectations of all. The number of factors is driving this success, including prices, rate of interest, strong economic growth and an increase in the foreign investments.One of the significant finding of the survey show that the younger generation is the major force in expanding the real estate in Delhi-NCR. The people between the age of 30-44 years are demanding residential and commercial, both type of properties. Over 70 percent of the people are expecting to buy the property in next couple of years. The demand of the residential property precedes in the survey, with almost 45 percent of the people, 35 percent of people are tapping to the commercial property. Whereas, around 46 percent of the respondents indicate that they will buy their first home in next two years. And 29 percent of the people are planning to upgrade their home to the bigger and better space with advance amenities in couple of years. The demand of 2-3 BHK has also been increased with 65 percent in numbers, among any of the two options.The market will be dominated by real estate assets for the purpose of making and investing money. In fact, commercial real estate, which produces income through rentals, returns on investments, and income-producing assets, has also grown in popularity as a type of investment. Spending on infrastructure for roads, metro connectivity, and other amenities has provided the Indian real estate market more push. Also, foreign investment in Indian real estate is a significant factor in maintaining the countrys thriving real estate industry.Women investors in real estateIt will be right to say that Gold has lost its lustre while real estate has gained popularity in last few years. According to a survey report 65 percent of the women prefer to invest in real estate, followed by 20 percent in stock markets, 8 percent in gold and only 7 percent of them like to invest in fix deposits. Report says, that majority of women prefer to invest in the affordable housing segment which is 45 lakh to 90 lakh.Almost 36 percent of the women like to invest in the affordable range, 25 percent of them in premium range and 20 percent of them prefer t buy luxurious home ranging above 1.5 crores.Lower stamp duty for womenWomen investors are exempt of paying lower stamp duty if the property is purchased on their name. Delhi, Uttar Pradesh, Haryana, Punjab and Rajasthan are among the states who give these benefits to women. The stamp duty charges are lower, of the property is registered in the name of the women, however it differs from state to state and urban/ rural areas.Many banks also charges lower interest rate from women investors as compared to men. It varies from bank to bank with difference of aroung 0.25 percent.Pradhan Mantri Awas YojanaThis scheme has been drafted to benefit the women of the society to buy their own property with ease. According to the scheme there must be atleast 1 women property owner and subsidise upto Rs 2.67 lakh. Any women can avail this scheme regardless of their age.Benefits under Pradhan Mantri Awas YojanaThis is one of the best benefits that a person can get. If a woman or her husband is buying any house on his name, they can also get exempted from the tax also. A first-time woman home buyer can claim Rs 50,000 on the principal to be paid over in addition to the Rs 2 lakh on the interest paid and above the other claims under Section 80EE.
