New Delhi: As the highly anticipated opening of the Ram Mandir approaches, real estate investors, hoteliers, and those looking to invest in real estate in this historically significant location are increasing their interest in Ayodhya. Real estate brokers report that prices have risen due to a significant increase in demand for land lots, with the consecration ceremony set for January 22, 2024.
The desire is widespread across the country, attracting senior citizens seeking second-home investment opportunities as well as non-resident Indians.
Multiple real estate agents have confirmed that a large number of inquiries are expected. Approximately 90% of these inquiries concern land, plots, or flats in and around Ayodhya.
Ram Mandir’s Inauguration Driving Interest
The inauguration of the Ram Mandir on January 22, 2024, has resulted in a significant increase in inquiries. While Ayodhya sees a steady flow of devotees, the construction and upcoming inauguration of the Ram Mandir has piqued their interest to new heights. This significant event not only marks a spiritual milestone, but it also boosts tourism in the city.
Ayodhya Becomes a Prime Real Estate Destination
Ayodhya has emerged as one of India’s most popular real estate investment destinations. The city’s appeal has grown, with property values rising by more than 100 percent in the last year alone. The prospect of being close to the historic Ram Mandir is attracting individuals looking for investment opportunities in the real estate sector.
Property Rates
According to media reports, property rates have risen by more than 100% over the last year.