Introduction
On January 22, 2024, the world will officially recognize the sanctity of the Ram Mandir in Ayodhya. This recognition is set to turn Ayodhya into a must-visit destination for both devotees and tourists. The city, centered around the magnificent Ram Mandir, is all set to captivate visitors with its architectural splendor and spiritual ambiance. Ayodhya City will offer a unique blend of religious and cultural experiences that will draw people from all corners of the globe!
Ayodhya is now a top pick for tourists, and gearing up for a real estate boom in the upcoming years. Things are about to get pretty exciting with both tourism and new buildings popping up!
Ayodhya Master Plan 2031
In 2022, the Ayodhya Master Plan 2031 got the green light for the development of a 133-square-kilometer area. The plan swung into action in December 2022, focusing on six sectors. Each sector is designated for various purposes like commercial areas, sports grounds, residential buildings, green spaces, public facilities, and parking lots.
The Ayodhya Master Plan 2031 encompasses 257 major projects. It includes the Ayodhya Airport, the bullet train initiative, the Ram Temple, parking lots, and riverfront developments. To add more we have the 5, 14, and 84 Kosi Parikrama Marg, among others. It also outlines plans for the Ring Road, road widening, and the creation of a solar city.
To enhance the living conditions of approximately 12 lakh people by 2031. The comprehensive redevelopment of Ayodhya, outlined in Master Plan 2031, is set to be completed within 10 years. It requires an investment of ₹85,000 Crore. This initiative also involves the establishment of a new 1,200-acre township, backed by an investment of ₹2,200 Crore.
The Latest Buzz in Ayodhya Real Estate
The Uttar Pradesh government has exciting plans for a 1,000-acre township in Ayodhya, bringing together a mix of modern and traditional architecture. Named ‘New Ayodhya,’ it’s set to be India’s first vastu-based township.
The ‘New Ayodhya City’ is envisioned as a river-centric and sustainable urban space, aiming to become one of the best cities in the country. The buzz is real, with a surge in demand. Registrations are open for the state guest house, and soon, commercial development plots will be up for auction.
Temple Sparks Gold Rush: Ayodhya Property Up 50%
Since the groundbreaking ceremony for the grand Ram temple in August 2020, land prices and property transactions in Ayodhya have soared by a whopping 50%. Developers nationwide are eyeing Ayodhya, given its potential to attract tourists. Government land seems to be a secure choice for developers, especially with the well-planned township drawing considerable investment.
The region is experiencing a surge in Ayodhya real estate activity, with daily deals increasing from 15-20 to an impressive 25-30 post the groundbreaking ceremony. Back in 2019, after the Supreme Court awarded the disputed religious site in the city, property prices in Ayodhya had already seen a substantial rise of 25-30%.
Lucrative Opportunities
To encourage investors, the administration promises full facilitation under existing policies, including subsidies and incentives. Ayodhya is indeed on the rise, offering a promising landscape for both developers and those looking to invest in the future of this vibrant city.
First in Line – House of Abhinandan Lodha in Ayodhya City
Putting their chips on the promising future of Ayodhya, many real estate developers across the country are gearing up to unveil exciting new projects here. Leading the charge is The House of Abhinandan Lodha (HoABL), already seizing the first-mover advantage.
The House of Abhinandan Lodha (HOABL), a real estate developer, has poured in a significant investment in Ayodhya. Nearly ₹300 crores were invested to secure a 25-acre land parcel for a plotted development project ”The Sarayu.” The project aims to construct homes in what is referred to as the ‘Global Spiritual Capital.’
Situated just 12 to 15 minutes away from the soon-to-be-inaugurated Ram Temple, the company has big plans. They aim to channel a total investment of around ₹1200 crore over the next three to four years.
Ayodhya Real Estate Booms and Big B Joins the Game!
As pilgrims throng to the birthplace of Ram Lalla, Ayodhya real estate prices are set to soar. Celebrities, including none other than Bollywood legend Amitabh Bachchan, are diving into the action!
Reports of Big B snagging a 930 sq. meters (10,000 sq. feet) plot in Ayodhya. The megastar has reportedly invested a whopping Rs 14.50 crore in an upcoming project “The Sarayu” by The House of Abhinandan Lodha (HoABL) Mumbai. This scheme is all about creating homes in the ‘Global Spiritual Capital.’
In nutshell,
As the sacred land of Ayodhya undergoes a transformative journey, it not only stands as the spiritual nucleus with the grand Ram Mandir. It’s emerging as a promising hub for real estate development. With visionary developments like the Ayodhya Master Plan 2031, the region is set to redefine its landscape and offer a blend of tradition and modernity. Developers, including The House of Abhinandan Lodha, are leading the charge, capitalizing on the first-mover advantage and contributing to the city’s booming real estate market. The ripple effect extends beyond Ayodhya, with Uttar Pradesh gearing up for a significant surge in the real estate sector. The cultural and spiritual significance, combined with strategic planning, promises not only a vibrant Ayodhya but also sets the stage for a flourishing real estate market in the entire state. As Ayodhya beckons with its rich heritage and promising future, it signifies a golden opportunity for investors and developers alike to be part of Uttar Pradesh’s remarkable real estate journey.