In recent years, the role and decision of women in the property purchase process have increased at a faster pace. The main reason behind this is increasing financial freedom, growth in the professional sector, and attractive government schemes and initiatives for women homebuyers. These days, in order to achieve growth, women are shifting their base to bigger metro cities and hence the demand of housing units in cities likes Bengaluru, Mumbai, Delhi, etc. has witnessed a huge jump.
As per a recent survey, as compared to men, most of the women homebuyers look for bigger units like 2 or 3 BHK with an average budget of 75-80 lakhs along with facilities like security, proximity to office space, etc. Here is a list of top Indian localities that are Ideal for Women Homebuyers:
Being an IT city most of the women software professionals move towards this city to achieve growth in their career. This has led to an increase in housing demand amongst women homebuyers. However, among all the localities, Banashankari is most favoured by them. It is a bustling suburb near south Bangalore which starts from Mysore Road and ends at Kanakapura Road. The locality also enjoys smooth connectivity to other adjacent areas as well as also boasts a well-developed infrastructure. The green line metro connects it to other commercial hubs of the South. The average property price here is Rs 6,322 per sqft. A women homebuyer can easily get a 2 BHK at a starting price of Rs 50 lakh.
Andheri West, Mumbai
Mumbai, the city of dreams is home to all the aspirants who want to achieve big in their life. Being the financial capital, the property price here is higher but when it comes to safety, the city acquires top position among all the metro cities especially for women. Moreover, Andheri West in Mumbai is a plush and well-developed locality. It is well-connected to major areas of the city and has its own metro station as well as the suburban station. The locality also enjoys well-developed and flourishing infrastructure with major educational institutions, colleges, banks, hospitals, malls, and entertainment center are present in close proximity. The average property price here is Rs 23,403 per sqft. A women homebuyer can get a 1 BHK in the range of 70-80 lakh.
In Chennai, Madipakkam enjoys a favourable position amongst women homebuyers. Situated in South of Chennai, Madipakkam is home to many renowned educational institutions, temples, etc. Also, it is just 15 km from T. Nagar, which is the city’s largest shopping district. The locality is well-connected via the metro link. A women homebuyer can easily find affordable properties here at modest pricing. At present, the average property price in Madipakkam is Rs 5,107 per sq.ft. A 2 BHK will cost in the range of 35-60 lakhs depending upon size, and basic facilities.
I P Extension, Delhi
It is always dreams to have a property in Delhi, but with no space and overpriced property, most of them shift their base to NCR property market. However, IP Extension in East Delhi is a hotbed of resale properties. There are various affordable and luxury apartments present in different size and configuration. The locality is also well-connected via Pink line of metro and is just at a distance of 15 km from Connaught Place and 20 km from Noida and Ghaziabad. All the apartments are provided with 24*7 security making it a safer investment for women homebuyers. The average apartment cost is around 75-80 lakh.