It is a rebate of 2%, if a property is purchased and registered, in the name of female. Even if, the property is bought jointly with a female then 1% rebate is given. The majority of the people are purchasing the property in the name of female only.
There are so many advantages of buying property in the name of female.
According to property related experts, to buy a property in the female name, tax planning may be done and can easily get tax benefits.
Amount of loan can be increased: If you are planning to buy property then you can make your wife as co-applicant subject if she is working or doing her own business. In this situation it will add the income of her income with your income. According the bankers the Home Loan is sanctioned quickly and easily in case of a female applicant.