Empowering The Sheconomy: Transforming The Indian Real Estate Market

A significant and transformative trend is emerging in the Indian real estate market - the rise of the sheconomy. Coined to encapsulate the increasing influence and participation of women in driving economic growth, particularly in sectors like Real Estate that were historically dominated by men, the sheconomy is reshaping investment patterns, societal roles, and financial decision-making dynamics. The rise of the sheconomy is not merely a trend but a fundamental shift with significant implications for the future of India's real estate sector.

By 2030, the Indian real estate market is expected to reach a size of $1 trillion, contributing 18-20% to the country's GDP. This rise is not only indicative of economic prosperity but also reflective of the evolving preferences and roles within society. The sheconomy, with its increasing influence and participation of women, is poised to play a critical role in driving this growth trajectory forward.

The Rise of the Sheconomy: A Transformative Force in Indian Real Estate

Data from the Credit Information Bureau of India Limited (CIBIL) highlights that the number of women borrowers in India has grown at a CAGR of 19% over the last five years. However, despite this surge in financial independence, there exists a notable gap in financial decision-making dynamics. A survey conducted by Tata AIA reveals that approximately 59% of working women still rely on their spouses for financial planning. There is a need for greater empowerment and financial literacy among women. While the sheconomy is undoubtedly on the rise, there is still work to be done in dismantling the barriers that hinder women's full participation in economic decision-making processes.

Globally, according to the McKinsey Global Institute, women hold a mere 13% of real estate assets, indicative of a systemic disparity in ownership and investment opportunities. This imbalance not only perpetuates economic inequalities but also hampers the potential for sustainable and inclusive growth. However, amidst these challenges, there is a palpable shift in investment behaviour among women.

A survey by Anarock indicates that an increasing number of women are turning to real estate as their investment vehicle of choice. Notably, 65% of Indian women homebuyers now express a preference for real estate investment over traditional options like the stock market, signalling a shift in investment behaviour. This trend is driven by various factors, including the perceived stability and long-term value appreciation associated with real estate investments.

Women are not just passive investors in real estate but are also actively participating in property transactions. Data from leading real estate agencies suggests a notable increase in women-led property purchases, reflecting their growing influence in decision-making processes traditionally dominated by men. This trend is further bolstered by favourable government policies and initiatives aimed at promoting women's participation in the real estate sector.

Challenges and Opportunities: Empowering Women in Real Estate Investment

Measures such as preferential loan schemes and subsidies for women homebuyers are empowering women to take charge of their financial futures and invest in tangible assets like property. However, despite the upward trajectory, women continue to face obstacles such as gender bias, limited access to finance, and societal expectations.

Addressing these challenges requires a concerted effort from various stakeholders, including government bodies, financial institutions, and society at large. Providing women with access to financial education, mentoring programs, and support networks can help bridge the gap and enable them to make informed financial decisions.

As women increasingly assert their financial independence and decision-making autonomy, they are reshaping investment patterns, challenging traditional gender roles, and driving economic growth. However, realizing the full potential of the sheconomy requires addressing existing barriers and fostering an environment conducive to women's empowerment and participation in the real estate sector. By empowering women to play a more active role in the real estate market, we not only unlock new opportunities for economic growth but also create a more inclusive and resilient society for future generations to thrive.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of GoodReturns.in or Greynium Information Technologies Private Limited (together referred as “we”). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.