Real estate in Ayodhya soars fourfold ahead of the opening of Ram Mandir
By Bricksnwall | 2023-12-30
real estate market is growing as building and facelifts for the impending major
event, which will see the who's who of Indian politics and business
participating, are underway. Ayodhya's land and property values have tripled,
matching those of Uttar Pradesh's larger cities.
land buyers and investors are attracted to this surge. Industry observers
predict that prices will continue to rise due to the spotlight and large-scale
projects like the Ram Temple and an international airport.
the historic 2019 ruling, prices began to rise and are still doing so today.
Following a protracted legal struggle, the Supreme Court's decision to support
the construction of the Ram Temple in Ayodhya resulted in an unparalleled rise
in demand for real estate in the city. The Supreme Court's decision caused
real estate values to jump by a startling 25?30% right after the verdict.
increase in land prices has been seen by ANAROCK, not only in the vicinity of
the Ram Temple but also in the outskirts of Ayodhya. For instance, prices in
the Faizabad Road region soared from ? 400?700 per square foot in 2019 to an
astounding ? 1,500?3,000 per square foot by October 2023. Comparably, average
land prices inside city limits have increased dramatically, from ?1,000?2,000
per square foot in 2019 to an astounding ?4,000?6,000 per square foot at this
persistent interest and confidence that investors and purchasers have in
Ayodhya's real estate market is shown in the recent spike in property values.
The city's attraction has drawn attention to its prospective investment
opportunities in addition to its historical and cultural value. Hotel chains
and large developers are capitalizing on this trend.
the House of Abhinandan Lodha intends to begin construction on a 25-acre home site
in the Ayodhya district. The new Ram Temple is fifteen minutes away from this
groups, like Radisson and Taj, also want to open locations in the region. All
of this is done to prepare for the anticipated surge of both domestic and foreign
visitors in the upcoming months. The city has seen urban development
initiatives and infrastructure improvements, which have increased its appeal as
a vibrant hub for both residential and commercial
Experts in real estate predict that Ayodhya's real estate market will continue to be strong, providing a wealth of options for investors and stakeholders looking for long-term opportunities in the city.