Crossword Genius

House for smart lady at last... (8)

Ross

I believe the answer is:

property

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But I can't explain it at all! Could you help me understand?

(Other definitions for property that I've seen before include "Belongings" , "Something owned" , "Asset" , "Owned item(s)" , "Possessions; characteristic" .)

I've seen this clue in The Hindu.
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