As the much-anticipated Ram temple mega event approaches, bringing together influential figures from Indian politics and business, Ayodhya’s real estate sector is experiencing a significant surge.
The ongoing construction and facelift projects have led to a fourfold increase in land and property prices, aligning Ayodhya with larger cities in Uttar Pradesh.
This boom has attracted both investors and local buyers, with the central area of the city witnessing a remarkable rise in average land prices from ₹1,000-2,000 per square foot in 2019 to an astonishing ₹4,000-6,000 per square foot at present. Even on the outskirts, such as Faizabad Road, where construction activities are in full swing, land rates have soared from ₹400-700 per square foot in 2019 to an impressive ₹1,500-3,000 per square foot as of October 2023.
Industry experts predict that major projects like the Ram Mandir and the international airport will continue to drive prices upward.
Capitalizing on this trend are prominent developers and hotel chains. The House of Abhinandan Lodha, is gearing up to launch substantial projects, such as a 25-acre residential plotted development. Ayodhya’s real estate market is undeniably basking in its moment in the spotlight.