Ayodhya Real Estate Boom Ahead of Ram Mandir Inauguration

The upcoming inauguration of the Ram Mandir in Ayodhya is fueling a significant surge in real estate prices, transforming the once 'sleepy town' into a thriving market. Investors from across the country and overseas are vying for limited land parcels, causing prices to skyrocket, reaching up to four to 10 times higher than those of just four to five years ago.

The Ayodhya Development Authority (ADA) is set to introduce a housing scheme by the end of this month, covering 80 acres along the Lucknow-Gorakhpur highway. The city's real estate market is witnessing rapid growth, with townships and private hotels planned around Chaudah Kosi Parikrama, Ring Road, and the Lucknow-Gorakhpur Highway.


The inauguration of the Ayodhya airport, Uttar Pradesh's fifth international airport, is also on the horizon, contributing to the city's infrastructure development. As a result, several developers and investors are eyeing opportunities, and land prices within a 5-10 km radius of the temple have surged, ranging from ₹2000 to ₹18,000 per sq ft.

Between April and November of the current year, Ayodhya led Uttar Pradesh's revenue collection for November, mainly driven by land registration. The demand for land has outstripped supply, with 30,000 sale deeds registered, 80 percent of which were from land transactions.


Developers, including the House of Abhinandan Lodha, are gearing up to launch projects post the temple inauguration. The anticipated influx of visitors has prompted the consideration of various projects, including hotels, senior living, and service apartments. Developers are closely monitoring footfalls and demand to make informed decisions after the temple's inauguration.

With the expectation of increased population in Ayodhya by 2031, developers are investing in residential projects and hotels. The city is seen as a potential market for second homes or retirement homes, attracting retirees and NRIs looking to spend time in the birthplace of Ram.


Despite the optimism, some developers are cautious, waiting for infrastructure development and assessing post-inauguration footfalls before finalizing their projects. There is also a call for the government to facilitate residential schemes with clean titles at competitive prices, encouraging more developers to invest in the burgeoning Ayodhya real estate market.


Jai Shriram Jai Hanuman 


Namaskaragalu...

Blogger: Umesh Mahabalashetti

The Founder of SSMDBP Business

 Technologies Bangalore

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