Property prices surge in Ayodhya backed by new projects, land deals

financialexpress.com:

Table is turning on Ayodhya after the inauguration of the Ram temple. The small temple town is now at the center of a never-ending saga of infrastructure growth and multi-phased economic development. As a part of the master plan 2031, the GOI has committed a huge budget of Rs 83,000 crore for the development of infrastructure. Already projects worth Rs 30,500 crore are either completed or are at various stages of construction.

A new airport has been unveiled in Ayodhya following an investment of Rs 1450 crore. The airport currently can manage an annual traffic of around ~ 1 million. Once fully completed, the Valmiki International Airport, as it is called, will handle 6 million passengers. More than Rs 450 crore have been spent to give the railway station and the bus stand a facelift. Around Rs 10,000 crore will be spent in and around Ayodhya to create a network of highways and modern roadways.

Likewise, generous investments are being made towards electricity, solar power, and the electrification of roads, townships, and housing complexes. The development agencies will also invest in integrated tourism projects including bazaars, theme parks, jetties, manmade islands, etc.

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As per the government estimates, around 54 million visitors will come to Ayodhya in 2024. Even if ~ 70% of the initial estimates are realized in the ground, it will bring windfalls for the hospitality sector in Ayodhya.

The positive ramifications of growth will also be felt in other nearby districts such as Basti, Sultanpur, Ambedkar Nagar, Amethi etc. making Ayodhya the champion of regional upliftment. As millions of tourists will pour in, Ayodhya will depend on