Mumbai, March 10 -- The number of women homebuyers is steadily rising, with 1.29 lakh residential transactions registered solely by women in 2024-a 14 per cent increase from the previous year across top cities. In comparison, male homebuyers saw an 11 per cent growth during the same period. The real estate market is witnessing a shift as women increasingly take on active roles in homeownership. Recent residential registered transaction data indicates a rise in female homebuyers, signalling broader financial independence and changing societal dynamics.
According to Square Yards' report 'Key Holders of Change - Women Driving Real Estate Growth and Transformation' in 2024, total residential transactions registered with IGR across key cities-Mumbai, Navi Mumbai, Thane, Pune, Bengaluru, Hyderabad, Noida, Greater Noida, and Ghaziabad-reached 5.77 lakh, reflecting a 4% increase from 5.56 lakh in 2023. Notably according to the report, residential transactions by sole women buyers grew by 14 per cent year-on-year, reaching 1.29 lakh transactions, up from 1.14 lakh. This pushed their share in total residential transactions to 22 per cent in 2024 from 20 per cent in 2023.
In contrast, transactions by sole male buyers rose by 11 per cent, from 1.96 lakh to 2.18 lakh. Joint ownership (male + female) transactions declined by 7 per cent during the same period but remained the dominant category, accounting for 40 per cent of total registered residential transactions.
Published by HT Digital Content Services with permission from Construction World.