Ayodhya RE booms as Ram Mandir inauguration nears, prices soar 4 times
Real Estate

Ayodhya RE booms as Ram Mandir inauguration nears, prices soar 4 times

As the inauguration date of the Ram Mandir in Ayodhya approaches, real estate prices in the town are experiencing a significant surge. According to a report, the ongoing infrastructure development in Ayodhya is driving up property values, with an anticipation of numerous hotels and residential projects flourishing in the town post the Ram Mandir inauguration. The report reveals instances where prices have inflated by 4 to 10 times compared to the period five years ago.

Ayodhya is set to become Uttar Pradesh's 5th international airport, following Lucknow, Varanasi, Noida (under construction), and Kushinagar. This airport is expected to establish global connectivity for the town, adding to its appeal for developers who recognise the immense potential linked to its religious significance.

The town is poised for the establishment of various townships and privately owned hotels, with the government having approved the allocated land. Satyendra Singh, the secretary of Ayodhya Development Authority, mentioned that almost 95% of the land has been acquired, and the development will be situated along the Lucknow-Gorakhpur highway, according to Hindustan Times Digital.

The real estate boom in Ayodhya gained momentum after Prime Minister Narendra Modi laid the foundation stone for the Ram Mandir in August 2020. Subsequent to the commencement of the Ram Mandir construction, Uttar Pradesh initiated substantial infrastructure development in Ayodhya, transforming it into an appealing destination for investors. Some reports indicate that Ayodhya achieved the highest revenue collection in Uttar Pradesh in November, particularly concerning income generated from land registration.

A broker named Parasuram Mishra, quoted in the report, reveals that property prices within a 5-10 km radius of the Ram Mandir have surged dramatically, ranging from Rs 2,000 per sq ft to as high as Rs 18,000 per sq ft. Mishra illustrates the drastic increase by citing an example of one biswa of land, approximately 1,350 sq ft, which was previously available for a few lakh rupees but now commands a price of Rs 60 lakh.

As the inauguration date of the Ram Mandir in Ayodhya approaches, real estate prices in the town are experiencing a significant surge. According to a report, the ongoing infrastructure development in Ayodhya is driving up property values, with an anticipation of numerous hotels and residential projects flourishing in the town post the Ram Mandir inauguration. The report reveals instances where prices have inflated by 4 to 10 times compared to the period five years ago. Ayodhya is set to become Uttar Pradesh's 5th international airport, following Lucknow, Varanasi, Noida (under construction), and Kushinagar. This airport is expected to establish global connectivity for the town, adding to its appeal for developers who recognise the immense potential linked to its religious significance. The town is poised for the establishment of various townships and privately owned hotels, with the government having approved the allocated land. Satyendra Singh, the secretary of Ayodhya Development Authority, mentioned that almost 95% of the land has been acquired, and the development will be situated along the Lucknow-Gorakhpur highway, according to Hindustan Times Digital. The real estate boom in Ayodhya gained momentum after Prime Minister Narendra Modi laid the foundation stone for the Ram Mandir in August 2020. Subsequent to the commencement of the Ram Mandir construction, Uttar Pradesh initiated substantial infrastructure development in Ayodhya, transforming it into an appealing destination for investors. Some reports indicate that Ayodhya achieved the highest revenue collection in Uttar Pradesh in November, particularly concerning income generated from land registration. A broker named Parasuram Mishra, quoted in the report, reveals that property prices within a 5-10 km radius of the Ram Mandir have surged dramatically, ranging from Rs 2,000 per sq ft to as high as Rs 18,000 per sq ft. Mishra illustrates the drastic increase by citing an example of one biswa of land, approximately 1,350 sq ft, which was previously available for a few lakh rupees but now commands a price of Rs 60 lakh.

Next Story
Resources

RentenPe and Mygate Partner to Transform Rent Payments in India

Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India’s first Rent Credit Score™ platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe’s payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..

Next Story
Real Estate

Supreme Unveils New Brand Identity to Elevate Lifestyle

Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group’s refreshed vision to ‘Elevate Lifestyle’. This brand transformation represents more than a visual refresh—it marks a strategic shift in the company’s mission, visual identity and market positioning. The update will be visible across all of Supreme’s digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..

Next Story
Infrastructure Urban

Capri Loans Launches #TarrakiKeHaath Campaign Honouring India’s Everyday Heroes

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India — from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans’ long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat’s economy. Conceptualized by Rediffusion Brand Solutions, the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?