“Ayodhya Ram Mandir hikes property prices 900%: How much can you profit if you invest now? “, Economic Times, January 20, 2024:
“The construction of the Ram Mandir in Ayodhya has triggered a real estate boom in Ayodhya. The prices of land in and around Ayodhya have skyrocketed — in some cases, five to 10 times the prices prevalent four to five years ago — according to several real estate players. Several townships and private hotels are expected to come up in the city in the next few years. Is it the right time to invest in real estate in the holy city? How much returns can you expect? Which are the areas where you should should you invest?
APIf you are planning to invest in real estate in Ayodhya now, how much return can you expect? Is it the right time to invest in real estate in Ayodhya? With the Ram Mandir’s consecration ceremony around the corner, the Uttar Pradesh city is seeing a real estate boom. The prices of land in and around Ayodhya have skyrocketed — in some cases, five to 10 times the prices prevalent four to five years ago — according to several real estate players. And it is just the beginning. Once the Ram Mandir opens for visitors, there is likely to be a surge in the number of tourists to the holy city. Several townships and private hotels are expected to come up in the city in the next few years.
“Major physical and economic infrastructure development initiatives are underway in and around Ayodhya,” says Vimal Nadar, Senior Director, Research, Colliers India. “The airport here has started functioning — and is set to be an international one. It complements several developments, including road, hotels and hospitals, to make Ayodhya a preferred religious tourism destination…..”
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