The historic and successful consecration of Ram Temple in Ayodhya has not only marked a significant cultural milestone for the city but also transformed it into a promising location for the real estate investors. The recent surge in property prices in Ayodhya is making the city an appealing investment destination. If the reports are to be believed then after the landmark verdict by the Supreme Court in 2019, real estate in Ayodhya witnessed an unprecedented boom, with property prices hitting a remarkable 25-30% spike almost immediately.
This can be happened due to several factors but Ayodhya’s strategic location is one of the important attributes contributing towards the resurgence of the city’s real estate. Its proximity to major urban centers coupled with improved connectivity has added substantial value to its realty landscape.
Impact Of Ram Temple Consecration On Real Estate In Ayodhya
The recent Ram Temple consecration has also solidified Ayodhya’s stature as a popular pilgrimage destination in India. With the temple being fully operational and attracting devotees from all around the country, the demand for residential and commercial properties are expected to increase at an unbelievable pace. In fact, there is a heightened interest among investors for land, plots and flats in Ayodhya.
Adding to the city’s appeal is the inauguration of the international airport – Maharishi Valmiki airport. The prospect of enhanced connectivity through an international airport has further fueled optimism among investors, resulting in increased demand for real estate in Ayodhya. Properties in Ayodhya are not just experiencing a fleeting surge but are on a trajectory of steady growth.
Where Should You Invest In Ayodhya Now?
Several big players in the industry reiterate that places located within the radius of 5 to15 km of the temple hold the most potential for new investors to gain higher ROI. Chaudah Kosi Parikrama, Ring Road, Deokali, Nayaghat are some of the best places to invest in Ayodhya at this time.
Moreover, if you are looking to invest in commercial real estate then areas like Gomati Nagar and VIP Road, which are in proximity to the Ram Mandir, offer great opportunities.
What Lies In The Future?
Many real estate experts are now projecting an expected return on investment (ROI) of 8-10% in the upcoming years, signaling a robust and stable market in the city. The promising outlook for Ayodhya’s real estate goes beyond just individual investments as several renowned developers and hotel chains are now seeing potential in this city, leading to the modification of its infrastructure.
The influx of development projects further strengthens Ayodhya’s position as an investment destination with long-term capital gains. The amalgamation of cultural significance, strategic location, and ongoing and upcoming developments sets Ayodhya apart as an ideal place for real estate investment.