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Ayodhya City

Ayodhya City is located along the Saryu River in Uttar Pradesh. It is the birthplace of Lord Rama. Ayodhya is also described in Ramayana. Historically known as Saketa, it is known for the Ram Mandir. Ayodhya is among the most visited pilgrimage sites by Hindus. Ayodhya is located close to Faizabad city. The full-fledged construction of Ayodhya Ram Mandir started in August 2020.

Ayodhya Faizabad Region

As soon as you hear the name of Ayodhya, an image of Lord Shri Ram flashes in your mind. The holy city holds immense historical and cultural significance in India. The recent construction of the magnificent Ram Mandir has not only sparked religious fervour but has also ignited a remarkable transformation in the city’s real estate market. We are thrilled to delve into the impact of the Ram Mandir in Ayodhya's real estate landscape and explore the lucrative investment opportunities that have emerged as a result. Join me on this captivating journey as we uncover the Ram Mandir Effect on Ayodhya’s real estate boom.

Ayodhya Development Authority (ADA).

Ayodhya City is managed by the Ayodhya Development Authority (ADA). The district administration will develop a modern sub-city near Ayodhya called ‘Navya Ayodhya’. The Nvya Ayodhya will be spread over 500 acres. The new township will be developed close to the ‘Gorakhpur Faizabad highway. The township will be equipped with ultra-modern amenities such as rest areas, lounges, luxury hotels and apartment complexes. As soon as the construction of Ayodhya Ram mandir is over, devotees from all over the world are expected to come to the city for pilgrimage.

Massive Infrastructure Development

As Ayodhya City is about to experience a huge inflow of devotees from across the globe, the district administration is improving the infrastructure services across Ayodhya. The Saryu Riverfront development program is transforming the Saryu Riverfront. Modern amenities such as curated parks, washrooms, sitting areas, shopping areas and recreation facilities are being developed at a fast pace. In addition to this, the district administration is also improving the civic infrastructure of Ayodhya. The development is visible in the state of roads, sewage network, electricity and potable water supply, availability of rest houses, etc Infrastructure development in Ayodhya and Faizabad region is leading to a growth in real estate prices. In addition to this, the availability of private hotels, rest houses, dormitories and guest houses is also improving. Intensive development of residential and commercial infrastructure is attracting property investors.

Ayodhya Airport

Airport Progress Towards Completion And Timely Operation
Ayodhya Airport: A Game-Changing Project
The development of an international airport in Ayodhya is also leading to a surge in real estate prices. Ayodhya Airport is spread over 6250 sq m. It will start commercial operations by October 2023. Ayodhya Airport is located at a distance of 8 Km from the Ayodhya Ram Mandir. The full name of the airport is Maryada Purushottam Shri Ram International Airport. Once the airport is operational, it will further boost the connectivity quotient of the region. Improved connectivity will have a direct impact on both commercial and residential real estate growth. The capacity of the airport will be 6 Lakh commuters annually. An expansive area of 821 acres has been designated for the establishment of an airport. The responsibility for developing the airport lies with the Airport Authority of India, and they have planned its execution in three distinct phases. Here are the main features of the Faizabad airport: During the initial phase, the focus will be on constructing a terminal building spanning 6,000 meters.

Sustainable Airport Terminal

The design of the terminal will combine contemporary architectural elements with traditional ones, creating a unique blend. To evoke the essence of the Ram Mandir, shikaras will be suspended at different heights on the roof of the terminal, adding a touch of spirituality. The terminal's glass facade will create an ambience reminiscent of the Ayodhya Palace, giving passengers a sense of grandeur and beauty.
In addition to its aesthetic features, the terminal at Ayodhya International Airport will showcase ornate columns adorned with depictions portraying significant moments from the Ramayana, allowing travelers to immerse themselves in the rich cultural heritage. To emphasize sustainability, the terminal building will incorporate various eco-friendly elements. Skylights will be installed to maximise natural lighting, reducing the dependency on artificial sources. Solar-powered electricity will be harnessed, promoting the use of renewable energy. Additionally, rainwater harvesting systems will be implemented, contributing to water conservation efforts. Regarding the development of Ayodhya Airport, the contract for constructing the runway has been assigned to a private company based in Bengaluru.

Railway Stations in Ayodhya

In addition to the air connectivity, Ayodhya city is well connected with the rail network. Ayodhya Cant & Ayodhya Junction railway stations connect the city with the train network. Given the pending inauguration of Ram Mandir, the state government is planning an expansion of Ayodhya Junction railway station. Pan India rail connectivity will prove beneficial for tourists.

Impact on Real Estate with Ram Mandir

Ayodhya Ram temple construction is in full swing. As a result, Ayodhya and nearby areas have started to experience a real estate boom. Once the construction of the Ram Mandir is over, pilgrims from across the world will visit Ayodhya. The development of tourism activities will boost real estate growth. Tourism activity has almost doubled after the Ram Mandir construction. Before temple construction, the rate of property appreciation was 1-2 % annually. However, real estate prices have witnessed a 6-10% rise after temple construction started. Ayodhya is a well-connected city. Due to seamless road connectivity, devotees can visit Ram Mandir by road. National Highway 27 passes close to the Faizabad Ayodhya region.

Ayodhya, the sacred city renowned for its temple, is on the brink of a remarkable transformation as a result of several planned developments centered around the Ayodhya Ram Mandir and the ongoing construction of an international airport.

To cater to the growing influx of tourists, a range of hotels and resorts will be built, offering accommodation options spanning from three-star to five-star categories. This will ensure that visitors have a diverse range of choices to suit their preferences and requirements.

The Uttar Pradesh Government has also envisioned the launch of a cruise service on the enchanting Saryu River, adding an exciting dimension to Ayodhya's tourism offerings and providing visitors with an opportunity to explore the city's beauty from a unique perspective.

Furthermore, Ayodhya will witness the introduction of branded accommodations in collaboration with India's largest hospitality group. Two new hotels will be developed as Greenfield projects and will operate under esteemed brands. This marks a significant milestone for Ayodhya as these will be the city's first branded hotels, introducing a new level of hospitality and service to meet the needs of discerning travelers.

Promising Prospects For Real Estate Investors at Ayodhya

Given the upcoming Ayodhya Airport's proximity, it is highly likely that the values of residential and commercial properties in the area will experience an upward trend. With the airport expected to become operational, tourism is anticipated to flourish, subsequently generating a surge in demand for properties in the surrounding vicinity. This presents a favorable opportunity for both investors and homeowners, as they can expect a significant appreciation in property values. Therefore, the current period represents an advantageous time to consider investing in the region, given the projected growth and potential returns on investment.This decision has sparked a high level of interest among private developers, who are eager to initiate their respective projects. The sought-after land parcels are currently attracting significant attention from these developers, as they recognise the potential for growth and prosperity in this prime real estate. Due to the projected rise in the number of tourists visiting the area, developers have displayed a notable inclination towards acquiring land parcels for mixed-use developments. As a result, developers are keen on securing these land parcels, envisioning the potential for increased footfall and business opportunities in the hospitality sector, as well as other commercial and retail ventures. The anticipation of heightened demand has fuelled their strong interest in investing in these types of developments.
Moreover, a notable 62% of the properties in Ayodhya are categorised as residential plots, offering potential buyers the opportunity to build their own homes. When it comes to properties available for rent in Ayodhya, Faizabad, around 40% of the rentals are priced between Rs. 5,000 and Rs. 10,000. Another 20% of the rental properties fall within the range of up to Rs. 5,000. The prevalent room configuration for rental properties is the 2 BHK, constituting approximately 60% of all rental options.

Ayodhya’s Real Estate Renaissance

The Ram Mandir construction has breathed new life into Ayodhya’s real estate sector, triggering a renaissance that has captured the attention of investors far and wide. The spiritual significance of the Ram Mandir, coupled with the government’s focus on developing Ayodhya as a prominent religious destination, has paved the way for an unprecedented surge in property demand. As a result, plots near Ram Mandir have become the hottest commodities in the real estate market.

Plots in Ayodhya near Ram Mandir

Owning a plot near the revered Ram Mandir has become a dream for many devout individuals and astute investors alike. These plots offer the rare opportunity to embrace a life steeped in spirituality and culture while promising potential value appreciation. The surge in demand for such plots has led to the emergence of carefully planned and well-connected residential projects in the vicinity, catering to diverse preferences and budgets.

Land Sale in Ayodhya near Ram Mandir

For those seeking land for sale in Ayodhya near Ram Mandir is a real estate treasure, There are various plots and lands available for sale near Ram Mandir. As the government focuses on infrastructure development and improved connectivity, these lands present an excellent canvas for investors to build their dream homes, hotels, guesthouses, or even commercial establishments. The prospects are boundless, and the time to invest is now.

Value of Plots in Ayodhya

Ayodhya Plot Prices near Ram Mandir have experienced a notable appreciation in recent times. As demand soars and supply remains limited, the prices have witnessed a steady incline. Despite this, Ayodhya’s real estate remains comparatively more affordable than other major cities in India, making it an attractive prospect for both end-users and investors.

Lucrative Investment Opportunities

The Ram Mandir Effect has not only led to a surge in demand for residential plots but also opened up lucrative investment opportunities in the commercial sector. With a growing number of tourists and devotees visiting Ayodhya, there is an increasing need for hotels, restaurants, and retail spaces. Savvy investors can capitalize on this burgeoning demand and reap rewarding returns on their investments.

Buy Residential Plots in Ayodhya

If you want to buy residential plots in Ayodhya near Ram Mandir, now is the opportune moment to make your move. With a plethora of options available, it is essential to conduct thorough research and partner with reliable developers to ensure a smooth and secure transaction. Owning a piece of land in this spiritual city is not just an investment in real estate; it is an investment in a lifetime of serenity and devotion. Secure Your Slice of Divinity To buy residential plots in Ayodhya near Ram Mandir is to secure your slice of divinity and be a part of the city’s remarkable growth story. As the Ram Mandir Effect continues to shape Ayodhya’s real estate boom, take advantage of the flourishing investment opportunities it presents. Embrace the past, present, and future of this sacred city, and embark on a journey that promises both spiritual fulfillment and financial prosperity.

Ayodhya’s real estate market

The Ram Mandir Effect on Ayodhya’s real estate market has been nothing short of extraordinary. As the city undergoes a profound transformation, investors have been presented with a unique opportunity to be a part of Ayodhya’s glorious future. The allure of owning a plot near Ram Mandir is not solely based on financial gains but also on the spiritual and cultural significance it holds. So, whether you are seeking an investment that yields bountiful returns or a serene abode close to the divine, Ayodhya beckons with open arms. Embrace the Ram Mandir Effect and embark on a journey of a lifetime. As the much-awaited Ram Mandir is under construction, the region is already experiencing a boom in the real estate market. The average selling prices of residential plots have increased. Interestingly, real estate deals have multiplied in recent years. Once the construction of Ram Mandir is over, the Ayodhya Faizabad region will experience unparalleled real estate growth. The construction of Ayodhya Ram Mandir is leading to sustainable growth in the commercial property market. Property investors are very positive about the growth. Improved connectivity and infrastructure development will lead to a healthy appreciation in the commercial properties market.

Investment in Process

• Rs 19,000 crore proposals received during a district-level investor meet in Ajodhya
• Around Rs 6,176 crore were in the tourism sector alone, with investors keen on investing in setting up hotels, amenities, museums, guest houses and recreational spaces in and around Ayodhya.
• As the construction work of the Ram Temple is progressing at a brisk pace in Ayodhya, the region has started attracting the hospitality, tourism and wellness industries that are anticipating that it will become a popular tourist destination in the coming days.

Conclusion

The establishment of the Ayodhya Airport marks a significant milestone in positioning Ayodhya as a prominent global destination, attracting a diverse range of visitors including spiritual seekers, history enthusiasts, and business travelers. The airport's architecture and design have been meticulously crafted to reflect and honor the city's rich historical, cultural, and religious heritage. With the introduction of the Ayodhya International Airport, traveling to and from Ayodhya will become more convenient and efficient, allowing people to access the city with greater ease and reduced travel time. This development is set to further enhance Ayodhya's appeal as a must-visit destination, offering a seamless experience for travelers from around the world.

Ayodhya News & Information

January 4, 2023

Uae India Retail Hospitality Logistics Investment

Lulu Group will set up six shopping malls and one hotel in the state, creating 10,000 jobs. India’s Uttar Pradesh (UP) state government said on Tuesday that it has signed memoranda of understanding (MoUs) with six UAE-based companies worth Rs 185.9 billion (Dh8.2 billion) ahead of the Global Investors Summit to be held in Lucknow in February. Three UAE firms, Lulu Group, Sharaf Group, and Hindustan Ports, will invest Rs 45 billion, Rs13 billion and Rs2.1 billion, respectively in retail, hotel and logistics parks in the state. The first series of MoUs will help create over 20,000 jobs. The Sharaf Group and Hindustan Ports will generate 1,500 and 1,000 jobs, respectively. Astha Green Energy Venture and Shree Siddharth Infratech and Services will invest Rs 44.8 billion and Rs80 billion respectively in renewable energy to create 2,560 and 4,800 jobs. Lulu Group will set up six shopping malls and one hotel in the state, creating 10,000 jobs. As per the MoU, Lulu will set up shopping malls and hypermarkets in Noida, Varanasi, Gorakhpur, Ayodhya, Kanpur, and Prayagraj.

G20 brief

Ahead of the summit, eight state government teams visited 16 countries, receiving investment proposals worth more than Rs 7.12 trillion. The largest share of such proposals worth Rs 4 trillion was received from the United Kingdom and the United States. The overwhelming response to the overseas roadshows has prompted the government to increase the investment target for the GIS by 70 per cent to Rs17 trillion. Earlier, the Yogi Adityanath-led government had targeted a net private investment of Rs 10 trillion at the scheduled February 10-12, 2023 summit. Prime Minister Narendra Modi, President Draupadi Murmu, Home Minister Amit Shah, Defence Minister Rajnath Singh and other federal ministers will attend the summit. "With a population of 240 million, our target is that Uttar Pradesh's share in the country's $5 trillion economy should be around 20 per cent. For that, the Yogi government of the state has made many changes under the ease of doing business policy. In 2019, in the ease of doing business rating, Uttar Pradesh jumped 12 places and secured the second position," UP’s MSME Minister Rakesh Sachan has said. Other developmental works include the construction of the Shri Ram Janmabhoomi corridor on similar lines as the recently launched Kashi Vishwanath corridor in Varanasi with several state departments working in tandem to improve the connectivity in and around Ayodhya. As per an official statement by the UP government, the Uttar Pradesh Housing and Development Council is spending Rs 3,000 crore to develop a greenfield township in Ayodhya. “About 83 per cent of the land has been procured so far for the project, which is scheduled to be completed by March 2024. The National Highways Authority of India (NHAI) is spending Rs 12,000 crore in Ayodhya,” the statement read. Among the projects the NHAI is working on include the Rs 6657-crore Chaurasi Kosi Parikrama Marg widening and the construction of the Rs 5924-crore 67.5 km long Ayodhya bypass.

Real Estate Overview of Ayodhya

Ahead of the summit, eight state government teams visited 16 countries, receiving investment proposals worth more than Rs 7.12 trillion. The largest share of such proposals worth Rs 4 trillion was received from the United Kingdom and the United States. The overwhelming response to the overseas roadshows has prompted the government to increase the investment target for the GIS by 70 per cent to Rs17 trillion. Earlier, the Yogi Adityanath-led government had targeted a net private investment of Rs 10 trillion at the scheduled February 10-12, 2023 summit. Prime Minister Narendra Modi, President Draupadi Murmu, Home Minister Amit Shah, Defence Minister Rajnath Singh and other federal ministers will attend the summit. "With a population of 240 million, our target is that Uttar Pradesh's share in the country's $5 trillion economy should be around 20 per cent. For that, the Yogi government of the state has made many changes under the ease of doing business policy. In 2019, in the ease of doing business rating, Uttar Pradesh jumped 12 places and secured the second position," UP’s MSME Minister Rakesh Sachan has said. Other developmental works include the construction of the Shri Ram Janmabhoomi corridor on similar lines as the recently launched Kashi Vishwanath corridor in Varanasi with several state departments working in tandem to improve the connectivity in and around Ayodhya. As per an official statement by the UP government, the Uttar Pradesh Housing and Development Council is spending Rs 3,000 crore to develop a greenfield township in Ayodhya. “About 83 per cent of the land has been procured so far for the project, which is scheduled to be completed by March 2024. The National Highways Authority of India (NHAI) is spending Rs 12,000 crore in Ayodhya,” the statement read. Among the projects the NHAI is working on include the Rs 6657-crore Chaurasi Kosi Parikrama Marg widening and the construction of the Rs 5924-crore 67.5 km long Ayodhya bypass.

Near Ayodhya, places such as Deokali, and Faizabad Road, are experiencing massive investments in both residential and commercial real estate.

If we talk about the commercial real estate scenario, prices are nearing their peak. However, property prices vary based on the type of property, distance from the Ram temple, location and age.

You can take a place on rent at Rs 5000-10000 in the Faizabad-Ayodhya region. The most popular denomination for rent-seekers is 2 BHK.

Areas that are experiencing heightened real estate activity in Ayodhya are:

• Gorakhpur Faizabad Highway
• Deokali
• Gayatri Puram
• Angoori Bagh
• Subhash Nagar
• Wazeerganj
• Sahebganj,
• Ambedkar Nagar
• Awas Vikas Colony
• Khurdabad

Ayodhya Ram Mandir: Fact & Features

The construction of Ram Mandir started in August 2020. Shri Ramjanmbhoomii Teerth Kshetra is the managing body of Ram mandir construction.

The construction of Ayodhya Ram Mandir is helmed by Larsen and Toubro (L&T) without charging any fee. Tata Consulting Engineers is the project management consultant for the Ayodhya Ram Mandir project. In addition to the L&T, premier institutions like the Central Building Research Institute (CBRI), the Indian Institute of Technology (IIT), and the National Geophysical Research Institute are also assisting. Experts from such premium institutes are providing inputs for construction. According to reports, the Ram Mandir will not require repairs for thousands of years.

Besides the main temple of Lord Ram, the temples of Hanuman, Surya, Ganesha, Annapurna, Shiva and Durga will also be constructed.

• The Chief Architect of the Ram Temple is Chandrakant Sompura.
• The Ayodhya Ram temple will be 360 feet long, 235 feet wide and 161 feet high.
• The ram temple will be built in the Gujara-Chalukya style of architecture.
• The main structure of the temple will be built on a raised platform and will have three storeys.
• The construction of the Ram temple will be done with over 600 thousand cubic feet of mountain stones from Rajasthan.
• Both traditional and modern construction techniques are employed in the construction of temples. Iron will not be used in Ram Mandir construction.

Concluding Real Estate Impact on Ayodhya After Ram Mandir

Since the Ram Mandir is an ambitious and much-awaited project, real estate investors are eagerly waiting for the inauguration. Being a highly revered pilgrimage site, Ayodhya Ram Mandir will be visited by tourists from across the globe. The development of infrastructure, connectivity, social amenities and citizen-centric services will naturally draw investors towards the Ayodhya Faizabad region. Ayodhya International Airport will also give a boost to the tourism industry. It will also help in real estate development.

Rs 20,000 crore investment, international airport: The significance of Ayodhya, Modi’s showcase for 2024 elections

As per a government statement, projects worth Rs 1,700 crore are slated to be completed in Ayodhya by year-end. Another significant development measure includes developing an international airport in Ayodhya by 2024. So far, Rs 1175 crore has been allocated behind the construction of Maryada

Purushottam Shriram Airport.

Within a 10- to 15-kilometer radius of the temple website, prices for residential properties have increased dramatically. Ayodhya, which is located along the banks of the Sarayu River, is quickly becoming a hub for international trade and economic growth. The city’s belongings landscape has seen a profound alteration during the past three years. Ayodhya, which is envisioned as a religious center and a global tourism destination, is also luring high-end financial corridors. Consequently, there have been investments from all around the nation and the world. Additionally, the real estate and infrastructure industries get the most from this money.

Following the Indian Supreme Court’s clearance of the Ram Janmabhoomi Temple, residential real estate costs within a 10- to 15-kilometer radius of the temple have risen.

Once the temple is completed, Ayodhya may anticipate receiving a massive influx of pilgrims. Builders should fight for the first-mover advantage, according to. Builders have been more interested in property parcels with mixed-use characteristics as a result of the need for additional space to accommodate growing numbers of tourists.

Before 2019, working in the Ayodhya real estate market was no longer financially feasible. The majority of the transactions took on plan characteristics and often went directly between the buyers and sellers. The construction of the international airport and the Ayodhya Mandir has stimulated growth in the city’s real estate market. Large Noida builders are now introducing multi-story apartments in Ayodhya.

Additionally, the government of Uttar Pradesh has made 1,100 acres of land available for residential, commercial, and retail development. Individual builders are interested in purchasing these parcels and launching their projects there.

Within 15 miles of the temple site, the surrounding areas are doing rather well in terms of appreciation, and property prices are growing. The demand for land parcels around the Ram Katha Park and the nearby Bypass Road, which connects the city to important towns like Lucknow, Varanasi, Basti, and Azamgarh, is quite high

Houses in Theri Bazar and Naya Ghat are also doing incredibly well. Due to the construction of a bus terminal, an international airport, and cruise ship docks, Ayodhya and the surrounding areas are set to become popular tourist destinations.

Analysts are no longer very startled by the above-average increase in Ayodhya home prices over the past three years. They claim that true growth is still to come. Property values in this area are anticipated to be the highest among Indian pilgrimage locations once construction on the Ram Temple is essentially complete. Ayodhya is anticipated to lead real estate expansion for at least ten years, along with Varanasi.