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Owning a home is considered one of the ultimate signs of success in most societies globally and essentially so in India. Consequently, the selection and purchase of a home are one of the pivotal decisions families make every day! A scrutiny of the home buyers and their patterns sheds light on women’s more prominent role in modern society, catalyzed by better education and financial independence.
The shift in the school of thought
Traditionally, a woman owning a property would mean being a supportive spouse or a result of inheritance. India, as we know it today and are envisioning for tomorrow, is far removed from this notion. Women are now a critical part of the decision-making process and are independent enough to consider purchasing a property in their financial capacity. The financial contribution and dual-income families paired with an exponentially rising number of nuclear families have catapulted women from playing second fiddle to having an equal say in the economic decisions of the family!
The intangible role of women in a family
Women get a lot of appreciation for being the backbone of a family or making a home, but one of the many things women aren’t recognized enough for is their role in buying a home. Women have a unique intuition and empathetic eye vital in selecting a great home. Women have a way of selecting properties that cater to the needs of each member of the family. They have a creative imagination that helps them see a place for what it can be rather than what it is, an ability that can make any space beautiful, functional, and an integral part of the home.
The radical turnaround in buying factors
Rather than owning a stately manor, more and more families are choosing to purchase properties based on workplace proximity, availability of healthcare, education, and recreational infrastructure, and the effort it takes for domestic upkeep. The development of IT hubs like HM Techpark https://www.hmconstructions.com/projects/details/hm-tech-park sees a tremendous leap in the real estate prices and demands today. The government has also taken note of the contribution of women in the real estate buying share and has come up with different schemes to promote independence and ownership for women. There are a rising number of women professionals in the real estate business, with many women holding key positions in several companies. Homemakers are also looking at real estate as a source of supplementary income through marketing and channelizing the sales of properties, mainly in the urban centers of the nation. Award-winning properties like HM Indigo have been marketed and sold with the help of women patrons and clients.
https://hmconstructions.com/index.php/projects/details/hm-indigo
The single woman, a force to reckon
https://www.track2realty.track2media.com/more-single-than-married-women-attracted-to-property/
A recent pan-India survey has brought into focus that about 68% of single women have homeownership higher on the priority list compared to 56% of married women. Homeownership is seen as a means for security and a safe investment. This has led to the widespread popularity and demand for homes, particularly amongst financially independent women of Indian society. The study also found that over 54% of these single women expressed desires and plans to acquire property and delay marriage if need be.
What the future looks like!
Women have always played a significant role in making a home, but recent times have seen women take the reins to buying properties for their use or their family. This is a welcome change to the traditional male-dominated sphere, and we are elated with the new status quo that is helping women take control of their lives. HM Constructions has always actively supported women in the real estate industry through training, opportunities, and workshops.
https://www.hmconstructions.com/blogs/details/169/financial-planning-of-women-for-owning-a-home
We will continue to develop the space to be more inclusive and better equipped to give a level playing field to everyone! Reach out to www.hmconstructions.com or call at 8880225555 for any inquiries or assistance in residential and commercial properties in Bangalore!