Owning a house in the name of women increases the security of the family. Even if the husband faces unexpected financial problems, the property in the wife’s name will legally be her property. This elevates the social status of women and supports the welfare of the family.
Some things to keep in mind
- If the wife does not have an individual income, the income from that property will be taxed in the husband’s name.
- Sometimes, if the husband is also added as a joint owner, bank loan approval is easier.
- If you buy a house in the name of women, it is important to carefully plan for future sale documents, inheritance rights, etc.
Buying a house in the wife’s name offers many financial and legal benefits. Savings of lakhs are available in various ways like stamp duty discount, interest benefit, income tax benefit, government scheme benefits. At the same time, women’s property ownership increases and family security becomes stronger. So, next time you plan to buy a house, registering it in your wife’s name would be a wise decision.