Guj women emerging as strong property buyers
The number of registration of properties in Ahmedabad has seen a dip in the last financial year, though; Rajkot women lead the pack of buyers
Dilip.Patel @timesgroup.com
More and more women in the state are testing water in the property market. The state government scheme of 100 per cent waiver of property registration fees for women seems to be the biggest incentive for them. The scheme was introduced in 2004-05 and the relaxation has amounted to Rs 283 crore since then. The total worth of properties bought by women in this period is around Rs 28,354 crore.
As per the records of the past seven years, around 10 lakh women have bought property in Ahmedabad and other cities. Experts are of the opinion that there are two main reasons behind the trend. “There are many reasons why the number of women buyers has gone up recently. Firstly, women are entitled to 100 per cent discount in property registration and therefore to avail the benefit, many a time, men encourage women to buy property in their names. Secondly, women are becoming more serious investors, be it property or jewellery,” said expert sources.
In 2010-11, about 1,82,419 registrations were made in the state, of which 1,95,552 were made by women and they availed the benefit of around Rs 73.18 crore.
Though Ahmedabad is termed as an advancing city for women, when it comes to possessing property, Rajkot and Surat lead the pack. In fact, Rajkot has emerged as the city which has the highest number of women buyers.
In 2010-11, 19,903 women from Rajkot bought property, while in Ahmedabad the figure was 15,099. Rajkot also topped in women property owners in 2007-08.
Jaxay Shah, a builder from Ahmedabad, explained, “Though Rajkot is smaller than Ahmedabad, it has higher number of local buyers and investors. Also, the rural economy of Saurashtra has become strong and, therefore, people are investing more in property. People in and around Saurashtra region are investing more in Rajkot and they tend to buy the second property on the name of women. In Ahmedabad, there are more buyers from outside the state. Most of them buy property only for commercial purpose.” 
Source
http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=MIRRORNEW&BaseHref=AMIR/2011/07/21&PageLabel=9&EntityId=Ar00900&ViewMode=HTML
Guj women emerging as strong property buyers
The number of registration of properties in Ahmedabad has seen a dip in the last financial year, though; Rajkot women lead the pack of buyers
Dilip.Patel @timesgroup.com
More and more women in the state are testing water in the property market. The state government scheme of 100 per cent waiver of property registration fees for women seems to be the biggest incentive for them. The scheme was introduced in 2004-05 and the relaxation has amounted to Rs 283 crore since then. The total worth of properties bought by women in this period is around Rs 28,354 crore.
As per the records of the past seven years, around 10 lakh women have bought property in Ahmedabad and other cities. Experts are of the opinion that there are two main reasons behind the trend. “There are many reasons why the number of women buyers has gone up recently. Firstly, women are entitled to 100 per cent discount in property registration and therefore to avail the benefit, many a time, men encourage women to buy property in their names. Secondly, women are becoming more serious investors, be it property or jewellery,” said expert sources.
In 2010-11, about 1,82,419 registrations were made in the state, of which 1,95,552 were made by women and they availed the benefit of around Rs 73.18 crore.
Though Ahmedabad is termed as an advancing city for women, when it comes to possessing property, Rajkot and Surat lead the pack. In fact, Rajkot has emerged as the city which has the highest number of women buyers.
In 2010-11, 19,903 women from Rajkot bought property, while in Ahmedabad the figure was 15,099. Rajkot also topped in women property owners in 2007-08.
Jaxay Shah, a builder from Ahmedabad, explained, “Though Rajkot is smaller than Ahmedabad, it has higher number of local buyers and investors. Also, the rural economy of Saurashtra has become strong and, therefore, people are investing more in property. People in and around Saurashtra region are investing more in Rajkot and they tend to buy the second property on the name of women. In Ahmedabad, there are more buyers from outside the state. Most of them buy property only for commercial purpose.”
The number of registration of properties in Ahmedabad has seen a dip in the last financial year, though; Rajkot women lead the pack of buyers
Dilip.Patel @timesgroup.com
More and more women in the state are testing water in the property market. The state government scheme of 100 per cent waiver of property registration fees for women seems to be the biggest incentive for them. The scheme was introduced in 2004-05 and the relaxation has amounted to Rs 283 crore since then. The total worth of properties bought by women in this period is around Rs 28,354 crore.
As per the records of the past seven years, around 10 lakh women have bought property in Ahmedabad and other cities. Experts are of the opinion that there are two main reasons behind the trend. “There are many reasons why the number of women buyers has gone up recently. Firstly, women are entitled to 100 per cent discount in property registration and therefore to avail the benefit, many a time, men encourage women to buy property in their names. Secondly, women are becoming more serious investors, be it property or jewellery,” said expert sources.
In 2010-11, about 1,82,419 registrations were made in the state, of which 1,95,552 were made by women and they availed the benefit of around Rs 73.18 crore.
Though Ahmedabad is termed as an advancing city for women, when it comes to possessing property, Rajkot and Surat lead the pack. In fact, Rajkot has emerged as the city which has the highest number of women buyers.
In 2010-11, 19,903 women from Rajkot bought property, while in Ahmedabad the figure was 15,099. Rajkot also topped in women property owners in 2007-08.
Jaxay Shah, a builder from Ahmedabad, explained, “Though Rajkot is smaller than Ahmedabad, it has higher number of local buyers and investors. Also, the rural economy of Saurashtra has become strong and, therefore, people are investing more in property. People in and around Saurashtra region are investing more in Rajkot and they tend to buy the second property on the name of women. In Ahmedabad, there are more buyers from outside the state. Most of them buy property only for commercial purpose.”
http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=MIRRORNEW&BaseHref=AMIR/2011/07/21&PageLabel=9&EntityId=Ar00900&ViewMode=HTML
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