The once-sleepy village of Ayodhya is seeing a real estate boom as the Ram Mandir’s inauguration draws near. According to real estate brokers, land prices have skyrocketed, often reaching four or ten times the levels that were common just four or five years ago. This is due to investors from all over the nation and even beyond vying for fewer property pieces.
It is also anticipated that the Ayodhya airport, which will follow the airports at Kushinagar, Varanasi, Lucknow, Noida (which is now under construction), and Noida as Uttar Pradesh’s fifth international airport, will open shortly. The airport terminal building’s initial phase occupies 8,000 square meters. Currently, 336.59 acres make up the entire airport, which is being constructed for ₹250 crore.
Real estate market in Ayodhya
The government has approved property for the construction of many townships and private hotels, which are anticipated to emerge in the city. These land lots are situated close to the Lucknow-Gorakhpur Highway, Ring Road, and Chaudah Kosi Parikrama. By the end of this month, the Ayodhya Development Authority hopes to have a housing plan ready. This 80-acre tract of land will be used for this planned project.
A little over 95% of the land has been purchased. According to Ayodhya Development Authority secretary Satyendra Singh, this will be situated along the Lucknow-Gorakhpur route, Hindustan Times Digital said. Three years after Prime Minister Narendra Modi laid the foundation stone, January has been set aside for the consecration ceremony of Ayodhya’s Ram Temple.
On August 5, 2020, Modi placed the temple’s foundation stone, marking the start of construction. Real estate values have surged dramatically as the inauguration date draws near thanks to significant infrastructure construction in the area. According to certain media sources, Ayodhya has surpassed Uttar Pradesh in terms of revenue collection from land registration for the month of November.
