Ram Mandir spurs realty boom in Ayodhya – Should you invest now or wait?

financialexpress.com:

The property market in the key cities of Uttar Pradesh is currently on a roll, including that of Ayodhya. And the historic inauguration of the Ram Mandir on January 22 is all set to give Ayodhya’s real estate a further boost. In fact, property prices in and around the city have already risen significantly during the last 4-5 years and are likely to surge further in the years to come.

According to Anarock research data, realty demand in Ayodhya has risen significantly ever since the much-awaited verdict was announced by the Supreme Court back in 2019. There is a growing demand by not just locals but also investors from outside the city, including businessmen.

“Property prices in the city were estimated to have shot up by nearly 25-30% in 2019 immediately after the verdict. In 2019 post the verdict, land prices had risen to nearly 400-700 per sq. ft. in the outskirts (at Faizabad Road). Within the city-limits average prices stood between Rs 1,000 and Rs 2,000 per sq. ft. during this time. However, the average land prices in the outskirts of Ayodhya have jumped up much higher. As for areas within city limits, average prices have shot up to be anywhere between Rs 4,000 and Rs 6,000 per sq. ft. Thus, there has been a significant jump in average prices between 2019 and 2023,” informs Anuj Puri, Chairman, ANAROCK Group.

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Not just a realty hotspot, Ayodhya is also set to become a hotbed of hospitality activity across all budget bandwidths. The demand for hotel spaces from budget to 5-star categories is going to see a tremendous increase after the temple consecration, since Ayodhya is shaping up to be one of the most prominent tourism and religious