More women are buying homes for investment: ANAROCK Survey
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Bengaluru, 27 February: More women are purchasing properties for investment, indicating independent house buying by women across the country.
According to survey by real estate consultancy firm, ANAROCK; 31 per cent of women in India are buying properties for investment, while rest 69 per cent are end users.
"With growing independence and higher disposable incomes, women are increasingly coming to the housing market as convinced investors," said Anuj Puri, Chairman of ANAROCK Group.
"Our H2 2024 survey finds the end-use-to-investment ratio for women homebuyers at 69:31 (in H2 2024) against 79:21 in the H2 2022 edition. Even more remarkable is their firm preference for housing over the other popular investment asset classes Indians gravitate to," he added.
According to the survey of the real estate consultancy firm, women have gravitated towards buying traditional asset classes like real estate and gold as Indian equity market comes under a beer grip.
"Considering the significant decline seen in the stock market in recent months in contrast to the bull run in 2022, women have unerringly picked the winning ticket in housing," said Puri.
"The only other asset class that has seen a notable uptick on their wish list is gold, whose popularity among polled women investors has risen from 8 per cent in the H2 2022 survey to slightly over 12 per cent in the H2 2024 edition," he added.
Notably, a significant house purchases is happening in the premium housing space, according to the survey.
The survey showed that at least 52 per cent women respondents preferred premium or luxury homes priced above Rs 90 lakh. In the H2 2022 survey, about 47 per cent women respondents picked this budget category. 33 per cent aspiring women homebuyers look for properties priced between Rs 90 lakh and Rs 1.5 crore, while 11 per cent prefer homes priced between Rs 1.5 crore and Rs 2.5 crore.
Interestingly, at least 8 per cent prefer to buy homes priced above Rs 2.5 crore - a strong testament to the growth of India's women HNI contingent, the survey noted.
