Women and Real Estate Ownership
Women have long been the silent spectators in decision-making when it comes to real estate buying, but things are changing.
Women are often making decisions beyond the veil in India. Even when it comes to real estate, they advise their husbands and fathers to buy real estate.
Depending on which report you access, the data is stacked against them, around 55 per cent of Indian women have no idea of financial investments.
We at Indiassetz have an alternative view to the idea of a new India. In major cities women are becoming the major decision-makers in buying, selling and renting real estate.
Our data shows that women today bargain on the prices when related to investing, buying, selling and renting aspects of real estate. They work with their husbands or parents to make decisions.
However, at Indiassetz it is also our duty to prepare women about how they can invest in real estate. Our real estate wealth-tech platform is tailor-made for women to manage their families or individually owned properties.
Real estate offers great returns, but there are several things to note.
Women in cities today must understand they too must own property. In fact, women should be the primary decision-makers as they are individuals in their own capacity and are earning. They must look at real estate ownership as a serious form of investment that offers great returns in the long run. Today real estate offers at least 10 to 20 per cent returns depending on the neighbourhood that you live in or want to live in.
Since Indiassetz believes women are already the primary decision-makers in urban families, all they need to know is the legality of real estate.
We already know that women take care of the interior decorating and designing aspects of their homes.
However, it is essential to work with professionals and take all the steps to protect your investment.
Guidance Value and Market Value: you need to know the difference between the two because this calculation will decide the market rate versus the rate provided by the government.
Encumbrance, Documents & Title deeds: if you are buying a property then please ensure that there are no monetary transactions or legal dues on the property in question. It is proof of ownership of the property. There should be no issues with ownership transfers, partitions, conversions and mutations. The last word is key because the property can be transferred to multiple names.
Verification terms: Do verify if the land on which the property is built is legal or if has it been procured legally.
Verify Occupancy Certificates - if the property has been constructed in compliance with the provided permissions. Ensure that all tax has been paid including electric and water bills. The property should not be on disputed sites or built on stormwater drains. Likewise, ensure that your property is certified as A-Katha which means the property is pristine and there are no legal issues. Then there is the B-Katha which basically means there is some violation of the city's laws.
With this knowledge, you must be able to at least arm yourself with the questions. But if you ever feel this is difficult just download the Indiassetz app and we will guide you and guarantee you that your real estate will be secure, safe and organized as an investment and as an asset that can be sold.