1-OAK buys land at Rs 350 cr residential, commercial project in Ayodhya
Real Estate

1-OAK buys land at Rs 350 cr residential, commercial project in Ayodhya

Real estate developer 1-OAK has purchased a seven-acre land in Ayodhya and is likely to acquire another three-acre plot for a mixed-use development at an expenditure of Rs 350 crore.

The total cost of the project would be Rs 350, from which Rs 20 million would be funded by the firm, and the balance would be maintained during the project accruals.

The realty firm promoted by Greenfield Advisory Pte Limited, a Singapore-based company, which produces residential and hospitality projects, decided to concentrate on tier 2 cities in India. It has acquired land in Jaipur, Thiruvananthapuram, and Lucknow.

The Uttar Pradesh government has recognised 1,100 acre of land near Ayodhya for planned residential, retail, and commercial development.

Private builders also have started purchasing land for upcoming projects and are expecting an increase in demand.

Due to the ground-breaking ceremony of the Ram temple, the number of deals and land prices have increased 50% in Ayodhya.

For retail development, the firm has planned a high-street concept, while residential societies would be mid-rise.

The firm's focus in India is mainly on changing the living reality in 2-3 tier cities, where growing disposable incomes and comfortable living has opened up the luxury housing sector.

Property rates in the city jumped 25-30% in 2019 shortly after the court decision for the construction of the Ram temple.

According to the estimates of the Ram Temple Trust, once ready in 2022, it is likely to witness 80,000 to 100,000 visitors daily.

Image Source


Also read: My Home plans $2 bn investment in commercial project in Hyderabad

Real estate developer 1-OAK has purchased a seven-acre land in Ayodhya and is likely to acquire another three-acre plot for a mixed-use development at an expenditure of Rs 350 crore. The total cost of the project would be Rs 350, from which Rs 20 million would be funded by the firm, and the balance would be maintained during the project accruals. The realty firm promoted by Greenfield Advisory Pte Limited, a Singapore-based company, which produces residential and hospitality projects, decided to concentrate on tier 2 cities in India. It has acquired land in Jaipur, Thiruvananthapuram, and Lucknow. The Uttar Pradesh government has recognised 1,100 acre of land near Ayodhya for planned residential, retail, and commercial development. Private builders also have started purchasing land for upcoming projects and are expecting an increase in demand. Due to the ground-breaking ceremony of the Ram temple, the number of deals and land prices have increased 50% in Ayodhya. For retail development, the firm has planned a high-street concept, while residential societies would be mid-rise. The firm's focus in India is mainly on changing the living reality in 2-3 tier cities, where growing disposable incomes and comfortable living has opened up the luxury housing sector. Property rates in the city jumped 25-30% in 2019 shortly after the court decision for the construction of the Ram temple. According to the estimates of the Ram Temple Trust, once ready in 2022, it is likely to witness 80,000 to 100,000 visitors daily. Image Source Also read: My Home plans $2 bn investment in commercial project in Hyderabad

Next Story
Infrastructure Transport

Taking Flight!

When Prime Minister Narendra Modi inaugurated the Navi Mumbai International Airport (NMIA) on October 8, 2025, it marked far more than the opening of another terminal – it signified a turning point in India’s aviation and infrastructure narrative. Developed by Adani Airport Holdings Ltd (AAHL) in partnership with the City and Industrial Development Corporation (CIDCO), NMIA represents a bold vision of how modern India intends to connect its people, power its economy and project its identity on the global stage.“The Navi Mumbai International Airport is a project that exemplifies the visio..

Next Story
Infrastructure Transport

Highway Guidelines 2.0

In August 2025, a Public Accounts Committee comprising members of the Lok Sabha and Rajya Sabha presented a report, ‘Levy and Regulation of Fees, Tariffs, User Charges etc on Public Infrastructure and Other Public Utilities in the context of the Ministry of Road Transport and Highways (MoRTH) and the National Highways Authority of India (NHAI).Having examined present design accountability, subcontracting, pavement failures, emergency response mechanisms, toll reforms, service quality, stakeholder consultations and other aspects, the Committee presented recommendations covering the planning a..

Next Story
Infrastructure Transport

Railways approves major upgrade for Telangana traction lines

The Ministry of Railways has approved the upgradation of the electric traction system in two crucial railway sections — Medchal–Mudkhed (225 km) and Mahbubnagar–Dhone (184 km). The projects, costing Rs 1.93 billion and Rs 1.23 billion respectively, will enhance the electric traction capacity from 1X25 KV to 2X25 KV. The work includes modifications to circuit breakers and switching stations, along with the installation of additional conductors. These routes serve as vital links between Northern and Southern India via Hyderabad. Once completed, the upgraded system will reduce voltage dro..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?