Maharashtra Government Removes 15-Year Lock-In for Women Homebuyers

It is important to note that women homebuyers only receive a 1% rebate on stamp duty charges on residential properties when purchasing a home.

Keep reading to learn more about the benefits of removing the 15-year sale lock period for women homebuyers in Maharashtra and first-time home buyer benefits.

Women’s Growing Influence in Real Estate Ownership

Women are emerging as a significant force in the real estate sector, breaking traditional stereotypes and asserting financial independence. Policies like Maharashtra’s removal of the 15-year sale lock-in period have been instrumental in encouraging more women to invest in property, making homeownership a feasible and empowering choice. Such initiatives not only promote gender equality but also enhance women’s economic participation, reinforcing their role in wealth creation and long-term security.

The growing trend of women investing in real estate signifies a broader shift toward inclusive economic development. Data indicates that women are more inclined to view property as a stable and long-term investment, often prioritizing financial planning and security. This evolving mindset is bolstered by benefits like reduced stamp duty and financial schemes tailored for women, making property ownership an accessible and rewarding journey.

1% Stamp Duty Rebate for Women Home Buyers

As part of International Women’s Day celebrations on March 8, 2021 — the Maharashtra government offered a 1% concession on stamp duty for all female homebuyers. There was also an exception to the rule, which states that female homebuyers must wait 15 years after the purchase date before selling to a male buyer. If the lock-in was not honored, the woman homebuyer was legally required to pay a 1% stamp duty.

Property Types Eligible for Rebates

• It is important to note that women can only get a 1% rebate on residential properties.
• In the case of commercial and industrial properties, the rebate does not apply.
• Women can receive a 1% stamp duty discount on immovable properties (only residential) purchased independently or in joint ownership with another female.

Women Home-buyers – No Longer 15-year Sale Lock-in Period

Women who wish to purchase property can now qualify for a 1% stamp duty refund thanks to the Maharashtra government removing a substantial barrier. As of 31st May 2023, Maharashtra State’s deputy chief minister, Devendra Fadnavis, lifted the ban.

According to the Maharashtra government, female property buyers receiving a 1% stamp duty rebate will not be permitted to sell their residential properties to male buyers for 15 years.

The state administration, however, has eliminated the 15-year limit. Female homebuyers will continue to receive a 1% stamp duty discount.

Residential Real Estate Market in India

India’s residential real estate segment continues to grow, according to Anarock Property Consultant’s report. With sales volumes of ₹3.47 lakh crore from units sold in seven major metropolitan cities during FY2023, this was the highest sales volume for a year in seven years, 36% higher than the previous year.

According to the Ananrock report, the number of residential properties sold in the past year was ₹3.4 lakh crore.

The Mumbai Metropolitan Region (MMR) undoubtedly led with the most significant sales value and volume share in the fiscal year. According to the report, 30% of all units were sold in the MMR, with the stock sold valued at ₹1.67 lakh crore, accounting for 48% of the sales value share.

First-Time Home Buyer Benefits in India for Women

For women living in Maharashtra, several benefits can make the process of buying a home more accessible and more affordable. Listed below are some government benefits for first-time home buyers.

• Women can take several advantages to reduce the cost of purchasing a property, ranging from lower stamp duty rates to government schemes and specialized loan products.
• These advantages can significantly lower the price of a property and make homeownership more affordable for women.
• Furthermore, real estate can be a wise long-term investment, especially when inflation is high.
• The cost-of-living increases, and so do property values, so owning a home can protect against inflation.
• Rental income or appreciation can also be derived from real estate as a tangible asset.

Women in Real Estate

Anarock reports recently implied that Indian women prefer real estate for investment over gold. And the recent relaxation in policy will further bring women in real estate

A woman investing in her stability and security by owning a property will find the policy very helpful, and realizing any short-term profit by selling it to a male buyer will also be possible.

Tips for Women to Invest in Real Estate

The year 2025 offers a dynamic real estate landscape with numerous opportunities for women to invest wisely and secure their financial future. With evolving policies and technological advancements, women homebuyers can leverage emerging trends to make informed decisions. Begin by exploring smart cities or areas witnessing infrastructure growth, as these locations promise higher returns on investment. Additionally, digital tools and virtual property tours have made it easier than ever to research and compare properties from the comfort of your home.

Women should also capitalize on tailored financial incentives, such as lower interest rates on home loans for female borrowers, and tax benefits on properties registered in their name. In 2025, sustainability is a key consideration—look for eco-friendly properties or projects with green certifications to keep up with latest living trends. Connect with real estate advisors or legal experts to navigate regulations and ensure your investment aligns with long-term goals.

Conclusion: Ideal time for Investing in Luxury Apartment in Mumbai

With the sell lock-in period removed, it is an ideal time for women to invest in luxury residential projects. And premium projects from Piramal Realty can be one of the best options to choose from.

These high-rise projects have posh residential communities in some of the most prominent parts of Mumbai. They have launched several luxury residential projects in Mumbai, including Piramal Revanta,Piramal Mahalaxmi, Piramal Aranya, and Piramal Vaikunth.

Visit the site or schedule an e-tour to learn about our projects and to book your dream home.

Disclaimer- This article is based on the information publicly available for general use as well as reference links mentioned herein. We do not claim any responsibility regarding the genuineness of the same. The information provided herein does not, and is not intended to, constitute legal advice; instead, it is for general informational purposes only. We expressly disclaim /disown any liability, which may arise due to any decision taken by any person/s basis the article hereof. Readers should obtain separate advice with respect to any particular information provided herein.