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When we hear the name Ayodhya, the first thing that comes to mind is Lord Shri Ram. After the much-awaited inauguration of the Ram Mandir, the city has witnessed a remarkable boom in its real estate market. The prices of residential plots have surged, and property deals have multiplied, especially in the Ayodhya-Faizabad region.

The construction of the grand temple has also boosted the commercial property market. Investors are optimistic, and the improved infrastructure and connectivity have led to a steady rise in property values.

Ayodhya - The Land of Lord Ram

Ayodhya is a historic city situated on the banks of the Saryu River in Uttar Pradesh. It is believed to be the birthplace of Lord Ram and is mentioned in the epic Ramayana. Formerly known as Saketa, Ayodhya is one of the most visited Hindu pilgrimage sites. It is located close to Faizabad, and the construction of the Ram Mandir officially began in August 2020.

The Rise of ‘Navya Ayodhya’

To accommodate the increasing influx of devotees, the Ayodhya Development Authority (ADA) has planned a modern township called ‘Navya Ayodhya.’ Spanning over 500 acres near the Gorakhpur-Faizabad highway, this township will feature luxury hotels, apartment complexes, rest areas, and lounges. The city is gearing up for a large number of pilgrims from across the world after the completion of the temple.

Real Estate Prices Soar

Since the Supreme Court’s verdict on the Ram Mandir, property prices in Ayodhya have skyrocketed. It is estimated that prices have increased by 25-30%. According to the Economic Times, around Rs 85,000 crore is expected to be invested in and around Ayodhya.

Anuj Puri, Chairman of Anarock Group, attributes this boom to political will, religious tourism, and rapid infrastructure development. Local real estate experts claim that commercial property rates have reached Rs 6,000-7,000 per sq ft, and the locals have never seen such a high demand before.

Infrastructure Upgrades

The government is heavily investing in Ayodhya’s infrastructure to accommodate over 45 lakh tourists per month. The House of Abhinandan Lodha has partnered with Leela Palace Hotels to build a luxury hotel, and several homestays and travel businesses are also emerging. The Saryu Riverfront development project is underway, adding parks, restrooms, shopping areas, and recreational spots. Roads, sewage systems, electricity, and water supply are also being upgraded.

Government Investment and Development

The Uttar Pradesh government has allocated over Rs 133 crore for Ayodhya’s development. This will be used to improve roads, sanitation, streetlights, and connectivity. The newly developed Ayodhya Airport, named Maharishi Valmiki International Airport, is a major addition. Spread over 6,250 sq m, it is the fifth international airport in Uttar Pradesh and will handle 6 lakh passengers annually. The airport is just 8 km from the Ram Mandir and has already started commercial operations.

The railway network is also expanding. Ayodhya Cantt and Ayodhya Junction are key stations, and the government has renamed Ayodhya Junction as 'Ayodhya Dham.' The expansion of the railway station will further improve connectivity for tourists and devotees.

Soaring Real Estate Demand

After the inauguration of the Ram Mandir in January 2024, Ayodhya recorded a 186% year-on-year increase in real estate demand in the first quarter. Though the growth slowed slightly in the following months, property prices remain at an all-time high. With more visitors coming to Ayodhya, real estate investments are expected to stay strong.

Ayodhya’s Property Prices

The cost of land in Ayodhya has increased significantly. Here’s an overview:

• Residential Land Rates: Rs 2,500 per sq ft (range: Rs 10 lakh to Rs 11 crore for plots between 1,000 to 100,000 sq ft)

• Residential Houses: Rs 5,500 per sq ft (range: Rs 65 lakh to Rs 5.50 crore for houses between 700 to 1,800 sq ft)

• Rental Property: Rs 10,000-15,000 per month for a 2 BHK in the Faizabad-Ayodhya region

Areas experiencing high real estate activity include:

• Gorakhpur-Faizabad Highway

• Deokali

• Gayatri Puram

• Angoori Bagh

• Subhash Nagar

• Sahebganj

• Awas Vikas Colony

• Khurdabad

Major Investments by Big Players

Ayodhya has attracted attention from top industrialists and spiritual organizations. Gautam Adani’s group has purchased 1.4 hectares of land in Majha Jamthara. Baba Ramdev’s Bharat Swabhiman Trust and Sri Sri Ravi Shankar’s organization have also acquired land in the region. These acquisitions highlight Ayodhya’s potential as a major commercial and spiritual hub.

Growing Hospitality Sector

With an increasing number of pilgrims and tourists, Ayodhya has seen a rise in hotels and guest houses. Some of the popular hotels in the region include:

• Taraji Resort Hotel

• Sri Ram Hotel

• Royal Heritage Hotel & Resort

• Saket Hotel

• Rama Residency

• Hotel Siyaram

• Hotel ORS Residency

• Hotel Raghupati

• Hotel Ramay Palace

Budget hotels and dormitories are also available, and bookings can be made online.

Ram Mandir Construction - A Historic Project

The construction of the Ram Mandir began in August 2020, managed by Shri Ram Janmbhoomi Teerth Kshetra. L&T took on the construction without charging a fee, while Tata Consulting Engineers managed the project. IITs and other prestigious institutes also contributed their expertise. The temple is expected to last for thousands of years without major repairs.

Key features of the temple:

• Architect: Chandrakant Sompura

• Size: 360 ft long, 235 ft wide, 161 ft high

• Architecture Style: Gujara-Chalukya

• Materials Used: 600,000 cubic feet of Rajasthan stones, no iron used

• Additional Temples: Hanuman, Surya, Ganesha, Annapurna, Shiva, and Durga temples to be built within the premises

Ayodhya is undergoing a real estate transformation, with skyrocketing property prices and large-scale infrastructure projects. Whether you're an investor or a homebuyer, now is the perfect time to explore property opportunities in Ayodhya. For property listings and rental options, visit EazeMyRent to find the best deals in Ayodhya and beyond.