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Benefits accorded to women home owners

  • Purple Realtors by
  • 18 March 2018
Benefits accorded to women home owners

Pune

Lower home loan interest rates;

Processing fee discount or complete waiver;

Lower stamp duty charges in some states;

Eligible for an annual tax deduction of Rs 2 lakh on the interest rate on home loans;

In case the property is rented out, women owners can also deduct the interest rate paid against the mortgage loan by offsetting it against the net rental value of the property;

In an effort to empower women from low-income households, the Housing for All mission stipulates that women should either be co-owners or sole owners of houses built under this scheme;

In some state-controlled poverty alleviation schemes (such as West Bengal), women's names are included in land titles of the plots that the government allocates to low-income households.