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Puri's Evolving Landscape Coastal Real Estate Leading the Change

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  Puri, once known for its ancient temples and pristine beaches, is rapidly transforming into a hub for modern real estate development. With a blend of natural beauty and emerging infrastructure, the coastal city is quickly gaining attention among investors and property buyers alike. This transformation is marked by the increasing demand for residential and commercial spaces, driven by both local growth and external interest, making Puri a key player in the evolving coastal real estate market. Puri: A Booming Second Home Market Puri has firmly established itself as one of the most sought-after destinations for second homes. The city’s proximity to Bhubaneswar and its rich cultural heritage make it an attractive option for individuals looking for a peaceful retreat away from the hustle and bustle of urban life. A significant rise in property purchases in Puri is being driven by its growing popularity as a weekend getaway and retirement destination. With serene beaches, icon...
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Real Estate as a Hedge Against Inflation: A Strategic Investment for the Future

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  Inflation is a significant concern for investors , as it reduces the purchasing power of money and can erode the value of many traditional investments. With inflation rates fluctuating over time, investors must find ways to protect their wealth. Real estate has proven itself to be a reliable asset class that not only holds its value during inflationary periods but also generates steady returns. By investing in real estate, individuals can secure long-term financial growth while mitigating the risks posed by inflation. Understanding Inflation’s Impact on Investments Inflation is a rise in the general price level of goods and services over time, which directly affects purchasing power. When inflation increases, the value of money decreases, and this can impact cash savings, bonds, and other traditional forms of investment. According to data from the Reserve Bank of India, inflation in India averaged around 6.7% in 2023. In such an environment, inflation-sensitive assets, like r...
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Decoding Tax Savings: A Closer Look at Under-Construction Property Investments

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  Investing in under-construction property can provide unique tax benefits, making it an attractive option for homebuyers and investors alike. While the process requires careful planning, understanding the tax-saving opportunities can significantly reduce financial burdens. With the right knowledge, under-construction property investments can offer both long-term growth and short-term savings. Here’s a concise breakdown of the key tax benefits, eligibility criteria, and considerations to keep in mind: Key Tax Benefits for Under-Construction Properties Section 24(b) – Interest on Home Loan Deduction Limit : Up to ₹2 Lakh per year after possession. Pre-Construction Interest : Deductible in 5 equal installments starting the year construction completes. Conditions : Construction must finish within 5 years from the end of the financial year when the loan was taken. If delayed, the deduction reduces to ₹30,000/year. Section ...
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How AI and Smart Technology Are Revolutionizing Home Buying

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  The home buying process, traditionally laden with paperwork, real estate agents, and multiple steps, has undergone a significant transformation in recent years. Artificial Intelligence (AI) and smart technology are now playing pivotal roles in reshaping the way we search, evaluate, and purchase homes. From enhancing customer experiences to streamlining operations for real estate professionals, these innovations are simplifying and speeding up the home buying journey. 1. AI-Powered Property Searches AI has dramatically changed how buyers search for homes. Instead of browsing through endless listings manually, AI algorithms analyze user preferences and behaviors to provide personalized property recommendations. These systems can understand the specific needs of buyers based on their search history, desired location, price range, and property features. Platforms like Zillow and Realtor.com leverage AI to refine their property suggestions, saving buyers time and effort. More...
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