Nearly 70 per cent of women prefer to invest in real estate
Nearly 70 percent of women choose to invest in real estate, especially residential real estate, according to a study by NoBroker, a unicorn startup.
Proptech raised $210 million from investors in November 2021 with valuations of $1 billion. NoBroker provides property-related services such as renting, purchasing, home services, and financial services.
The NoBroker poll was conducted in Delhi-NCR, Hyderabad, Bangalore, Chennai, Mumbai and Pune.
She said 69 percent of women chose to invest in real estate over investments in gold, systematic investment plans or stocks and luxury fashion.
According to the survey, 94 percent of respondents were looking to invest in real estate, while 6 percent were looking to invest in commercial space. More than 80 percent wanted to buy for end use, and 63 percent of women preferred ready-to-move-in properties.
The survey further said that 73 per cent of women were looking to buy properties in the 40,000 to 75 thousand range, 20 per cent in the 75,000 to 1 crore range and 7 per cent above 1 crore.
Godrej Housing Finance said in a statement that one in two women strongly agreed that they were more inclined towards building assets and real estate investments.
The Post “Generation-Rent” study by Godrej Housing Finance said 34 percent of women think buying a new home is the best investment option today and 52 percent of women are already exploring the possibility of investing.
Another survey by digital wealth manager Scribbox said one in five women have started investing for the first time amid the pandemic.
Strata, a commercial real estate investment company that facilitates partial ownership of real estate, has reduced the minimum investment ticket size to $15 lakh from $25 lakh to attract more female investors. The company aims to grow its female investor base from 25% to 50% by 2025.
New banking platform Stashfin has focused on financial independence for female customers and launched offers for credit card customers on International Women’s Day, co-founder Shruti Agarwal said.