The Indian real estate sector is witnessing a significant transformation, with women emerging as a growing force in homeownership. According to a recent report by Square Yards, the number of residential transactions registered solely by women surged to 1.29 lakh in 2024, marking a 14% increase compared to the previous year. This growth outpaced the 11% increase seen among male homebuyers during the same period, signaling a shift in financial independence and decision-making among women.
Growing Influence of Women in Real Estate
The report, titled ‘Key Holders of Change – Women Driving Real Estate Growth and Transformation’, analyzed data from major cities, including Mumbai, Navi Mumbai, Thane, Pune, Bengaluru, Hyderabad, Noida, Greater Noida, and Ghaziabad. The total number of residential transactions across these cities reached 5.77 lakh in 2024, reflecting a 4% increase from 5.56 lakh in 2023.
Notably, women buyers accounted for 22% of the total residential transactions in 2024, up from 20% in 2023. Meanwhile, sole male buyers saw an 11% increase in transactions, rising from 1.96 lakh in 2023 to 2.18 lakh in 2024. However, joint ownership transactions (male + female) declined by 7%, though they remained the largest segment, representing 40% of the total transactions.
Breakdown of Residential Transactions by Ownership
| Type of Ownership | 2024 (No. of Units in Lakh, % Share) | 2023 (No. of Units in Lakh, % Share) | YoY % Change (2024 vs 2023) |
|---|---|---|---|
| Joint (Male+Female) | 2.30 (40%) | 2.47 (45%) | -7% |
| Male | 2.18 (38%) | 1.96 (35%) | 11% |
| Female | 1.29 (22%) | 1.14 (20%) | 14% |
| Total Units | 5.77 | 5.56 | 4% |
(Source: IGR, Square Yards)
Women Gaining Confidence in Homeownership
Commenting on the trend, Kanika Gupta Shori, COO and Founder, Square Yards, stated, “As women gain greater empowerment through education, workforce participation, and financial independence, they are emerging as formidable decision-makers in real estate. The 14% annual rise in residential transactions by women in 2024 underscores this shift. While there is still a long way to go, the increasing number of women homeowners signals a stronger, more inclusive housing market.”
Tanuj Shori, CEO and Founder, Square Yards, further emphasized, “Women homebuyers are a transformative force in real estate, bolstered by rising workforce participation and supportive government policies. This year alone, 1.29 lakh homes were registered under sole women buyers. Notably, women constitute 53% of our clientele as sole or joint homebuyers. By fostering opportunities for women, we aim to create a more inclusive and progressive real estate ecosystem.”
Government Policies and Financial Incentives Fueling Growth
Several government schemes and financial benefits are enabling women to become homeowners more easily. Key initiatives include:
- Pradhan Mantri Awas Yojana (PMAY): Requires at least one woman as a registered property owner.
- Stamp Duty Concessions: Many states, including Maharashtra and Uttar Pradesh, offer 1–3% lower stamp duty and 0.5–1% reduced registration charges for female buyers.
- Home Loan Interest Rate Discounts: Major lenders provide a 0.05% lower interest rate for home loans where a woman is the primary applicant.
- Tax Benefits: Women homebuyers can avail deductions under Sections 80C, 80EE, and 24b, providing up to ₹1.5 lakh relief on the principal amount and ₹2 lakh on interest payments.
Technology Driving Women’s Homeownership
Digital advancements have played a crucial role in this shift, making property ownership more accessible for women. Online property search platforms, mortgage calculators, digital payment systems, and fintech innovations have enhanced financial inclusion. Social media and community forums have further empowered women by providing knowledge and support networks, enabling informed decision-making.
Conclusion
The rising trend of women homebuyers reflects a broader societal and economic transformation. With increasing financial independence, favorable government policies, and the adoption of digital tools, women are set to play a more dominant role in India’s real estate sector. As homeownership sentiments among women reach an all-time high, this trend is expected to continue growing in the years to come.
