Icon Homz – Women Buyers in Real Estate

Buyers in general have to be cautious no matter where they buy a house. There are many housing options ranging from 2-3 BHK apartments in Electronic City to 3 BHK Villas in Sarjapur. Women buyers have to be extra cautious while buying a house as they get more concessions and advantages.
Woman buyers are no longer just joint owners of properties with a huge surge in their earning capacity. In cities like Bangalore, Delhi, Chennai and Mumbai many builders are giving competitive rates for woman buyers to promote ownership of property if owned by a woman. The government is also encouraging the same. Factors that influence their purchase decision are apartments with multi-purpose spaces, entertainment and fitness facilities in the vicinity, proximity to railway stations, airport, and taxi stands.
The first thing to consider while taking a home loan is the affordability. A mortgage should be well planned for and invested through proper investments (the down payment component). It is prudent to seek the advice of a financial planner who will give you the right direction to invest according to your investment goal.
Ideally your home loan EMI should not exceed more than 35-40% of your take home salary. Also ensure that you have a contingency fund in place that will take care of your home loan EMIs and other expenses for a period of three to six months, just in case your regular cash flow were to get interrupted due to some unforeseen circumstances. There are many banks offering various loans and concessions to women. Do your research and choose the best among the choices available.