Utkal Builders

  Utkal Reserve stands as a testament to modern living in Bhubaneswar, offering a blend of luxury, convenience, and sophistication. Located near Aloo Gadi on NH-16 in Patrapada, this premium residential project by Utkal Builders is more than just a development; it’s a vision for a thriving community.      Prime Location with Urban Connectivity The project’s strategic placement ensures seamless access to major landmarks, healthcare facilities, and educational institutions. Residents enjoy proximity to AIIMS Hospital (1.7 km), Biju Patnaik International Airport (9 km), and DN Regalia Mall (1.8 km), among other key destinations. This well-connected location caters to the needs of modern urban families, balancing convenience and accessibility.         Architectural Brilliance and Spacious Designs Spread over 2.19 acres, Utkal Reserve features four towers comprising 174 meticulously designed units. Offering a range of con...

  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 80...