Residential Transactions By Women Buyers Grows 14% To 1.29 Lakh In 2024

As women gain greater empowerment through education, workforce participation, and financial independence, they are emerging as formidable decision-makers and influential consumers across industries - real estate being no exception -- Kanika Gupta Shori, COO and Founder, Square Yards

Hyderabad: Residential transactions by sole women buyers grew by 14 per cent year-on-year, reaching 1.29 lakh transactions, up from 1.14 lakh. This pushed their share in total residential transactions to 22 per cent in 2024 from 20 per cent in 2023, according to a report.

The real estate market is witnessing a shift as women are increasingly taking on active roles in homeownership. A recent Square Yards report, ‘Key holders of change – Women driving real estate growth and transformation in 2024,’ indicates that financial independence and changing societal dynamics has led to a a rise in female homebuyers.

Kanika Gupta Shori, COO and Founder, Square Yards, said: “As women gain greater empowerment through education, workforce participation, and financial independence, they are emerging as formidable decision-makers and influential consumers across industries - real estate being no exception. Our data reinforces this ongoing shift.”

The total residential transactions registered with IGR across key cities - Mumbai, Navi Mumbai, Thane, Pune, Bengaluru, Hyderabad, Noida, Greater Noida, and Ghaziabad - reached 5.77 lakh, reflecting four per cent increase in 2024, from 5.56 lakh in 2023. Of which, residential transactions by sole women buyers grew by 14 per cent year-on-year to 1.29 lakh transactions from 1.14 lakh in 2023. This has resulted in 22 per cent increase in their share in total residential transactions in 2024 from 20 per cent in 2023, the report mentioned.

Tanuj Shori, CEO and Founder, Square Yards, said: “Women homebuyers are emerging as a transformative force in the property markets, propelled by increasing workforce participation and supportive government initiatives. Underscoring this trend, women make up close to 53 per cent of our clientele as sole or joint homebuyers on our platform.”

In contrast, transactions by sole male buyers rose by 11 per cent, from 1.96 lakh to 2.18 lakh. However, joint ownership (male and female) transactions declined by seven per cent during the same period, but remained the dominant category, accounting for 40 per cent of total registered residential transactions in 2024.