The construction of the Shri Ram Mandir Ayodhya is a highly contentious issue between India’s two major communities, Hindus and Muslims. The left-leaning community has been opposed to the way this issue has been causing tension between these two religious communities. However, the right-wing community has been very emphatic in their claim that the Ram Mandir should be constructed at the then disputed site, Ayodhya, which was demolished in 1992. The matter was referred to Allahabad HC and then the Supreme Court. After decades of court hearings, in 2019, a five-judge bench of the Supreme Court, headed by the then Chief Justice of India (CJI) R. Jayachandran, delivered a judgment in favour of the Hindus. The five-judge panel allotted the entire plot of land in the Ayodhya district to the Hindus for the purpose of constructing the Ram Mandir
Recent Developments in Ayodhya
skyrocketed on the occasion of Ram Mandir's inauguration, "Pran Pratishtha". Pran Prathistha involves placing life into the idol of Lord Rama so that the devotees can pray and put their faith in the temple. The Government of India and Uttar Pradesh have invested a lot in constructing the infrastructure to cope with the influx of large numbers of devotees and visitors to the city. The new international airport, Shri Maharishi Velmiki International Airport (SMAI) in Ayodhya has been inaugurated and is capable of handling 1.2 crore passengers annually. The Ayodhya railway station has been renovated to accommodate the huge number of train passengers coming to the city.
Other projects such as new expressway and waterway are being prepared to disperse the tourists coming to Ayodhya, the city where Lord Shri Ram was born.
However, the euphoria is not without its drawbacks. More than 4,000 houses were demolished to widen the connecting roads on four sides to Ram Mandir site.
The Ayodhya Development Authority is planning a new housing project to build a huge residential project on 80 acres of land in Ayodhya city. It is not clear whether this project will be for the rehabilitation of families whose houses were grounded to widen roads leading to the Shri Ram temple in Ayodhya.
It is estimated that around 45 lakh tourists will visit the City every month.
People living in the vicinity of Ayodhya are eager to take advantage of this great opportunity and are looking for various business opportunities in the Ayodhya tourism sector.
The two communities have been working together for decades on this issue, and now that India is comprised of 80% Hindus, the dream of constructing a Ram Mandir in the city of Ayodhya has finally come to fruition. This presents an opportunity for the tourism industry to grow in the new religious city. The central government and the state government of Uttar Pradesh have been focusing on the redevelopment of transport facilities in the city, such as air, rail and road, which has been beneficial for the real estate sector. As the city becomes more popular with tourists, there will be a need for more hotels, and 'OYO' has decided to provide 1,000 rental properties in the area. Leading luxury hotel brands, Taj Hotels, and the Leela Palace are among the first to have invested and added their chains to the city.
There have also been several media reports about the fact that Bollywood star Amitabh bachchan is interested in purchasing a property in the holy city of Ayodhya. All these news will definitely help the real estate industry in the city to attract investors to the city. A property located close to the temple and in India’s most iconic religious shrine could bring a lot of benefits in the long run, whether it’s in terms of price growth or business opportunities.
Following are the recent developments in the real estate sector in Ayodhya City
Ayodhya, the birthplace of Lord Ram, is expected to experience an influx of investment shri ram mandir ayodhya property over the next ten years. Taj Hotels, India's largest luxury hospitality brand, is planning to open its luxury hotels in the city. The Leela Palaces and Hotels, also known as The Leela Resorts, are also planning to open a luxurious hotel near the Ram Mandir. With the inauguration of the Ram Mandir, Ayodhya's tourism potential will be tapped, leading to a surge in property prices in the city, which could reach 12-20 times the current value. Investors looking to invest in Ayodhya can now explore both residential and commercial projects, as tourists from both domestic and international sources are expected to flock to the city in the near future.
The historical importance of Ayodhya and its surrounding areas, as well as its potential to become a major tourist destination, make it an attractive investment destination for real estate investors. There are several areas within close proximity to the newly opened Ram Mandir. These areas include Chhatrapur Parikrama (Chadah), Ring Road (Deokali), Nayaghat, and the Gautam Buddh Nagar Highway (Gautam Nagar Highway) passing through the nearby towns. Real estate experts believe that investing anywhere within 5-15 km of the 'Birthplace of Lord Ram' (Ram Mandir Temple) could open up significant business opportunities or increase the value of the property.
Property prices in Ayodhya have increased 5-10 times in the city since the construction of the Ram mandir temple began on the site in 2019, as per reports from analysts and news outlets. Current market trends show that ram mandir ayodhaya property price vary between 2,000-20,000 sqft, depending on its location within 5-10 km of Ram mandir Temple.
