Yes, many banks like SBI, ICICI, and HDFC Bank, offer discounted rates on home loans for women borrowers. You can save 1%-2% on stamp duty if the property is in a lady's name. In Delhi, the stamp duty rate is 4% for women, compared to 6% for men. Similarly in UP.
Yes, there are several benefits to buying a property in a woman name, either as the sole owner or as a joint owner, with governments and banks offering several benefits. some of the obvious tax benefits of buying a home in the wife name include an extra deduction of interest up to Rs 1.5 lakh every financial year if the house is self-occupied.
Apart from that, if a husband and wife are the joint owners of a property and if the wife has a separate source of income, then they can both claim tax deductions individually. The tax benefit will depend on the ownership share of each co-owner.