Real Estate News: Today, Ayodhya of Uttar Pradesh is rapidly emerging as a major center of spirituality on the world map. The decision of the Supreme Court in 2019 and the subsequent construction work and the grand inauguration of Ram Mandir in 2024 have given a new direction and fast pace to the real estate market here.
The speed at which the property market is growing in Ayodhya can be gauged from the fact that in the last five years, a historic increase of 300 to 500 percent has been recorded in the land prices in various micro-markets. That is, Ayodhya now stands at the confluence of spirituality, modern infrastructure and strong economic expansion.
Emerging new center of real estate
According to market experts, there are many reasons behind this rapid development of Ayodhya. Vishal Raheja, Founder and Managing Director of InvestoExpert Advisors, believes that Ayodhya has today become the most promising market in the country for end-buyers and long-term investors. This presents a unique opportunity in terms of buyer protection, value appreciation and long-term returns, making the present time extremely strategic for investment.
According to him, an investment of more than $6 billion is being made on the international airport, upgraded railway station, four-lane roads, riverfront development and hospitality infrastructure. With these efforts, Ayodhya is soon becoming a global spiritual tourism center that is active throughout the year. This foundation has the potential to increase property values manifold in the coming years.
increasing confidence of investors
Bhumika Group CMD Uddhav Poddar says that the expansion of tourism in Ayodhya is no longer limited to temple darshan only. Due to this, the entire real estate structure of the city is changing. After the opening of the temple, the huge crowd has rapidly increased the demand for business, accommodation, hotels and travel facilities.
It is clear from this that now the demand is increasing not only for travelers but also for places with long term accommodation, shopping and better experience. For this reason, developers are working on new projects including hotels, serviced apartments, townships, retail and cultural themes. Large-scale development has also strengthened the confidence of big investors.
According to Mohit Mittal, CEO of MORES, the rise in real estate prices after 2019 is not just sentiment-based but the result of solid growth and infrastructure improvements. The price of land in the temple area has increased by 5–10 times and in the outskirts by 4–8 times, which clearly shows that buyers are making future-oriented investments.
Circle rate increased by up to 200%
According to Vishal Raheja, circle rates in Ayodhya have increased from 30% to 200%, which is the biggest increase so far. The land around the temple complex which was priced at Rs 6,600–7,000 per square meter has now reached Rs 26,600–27,900 per square metre. In areas like Tihura Manjha, the price of agricultural land has increased from Rs 11–23 lakh per hectare to Rs 33–69 lakh, a jump of 200%.
Prime plots, especially those facing the temple, are now selling for Rs 10,000–20,000 per square foot—10–20 times higher than before 2019. Residential rates reached a high of Rs 8,491 per sq ft in Q2 2024, an increase of 29% quarter-on-quarter. After this it stabilized at Rs 8,212 per square foot, which is a sign of healthy market consolidation.
Key growth areas include Deokali, Gayatri Puram, Wazirganj, Awas Vikas Colony and Gorakhpur-Faizabad Highway, where demand continues to be strong across residential, commercial and hospitality segments. With the Ram temple complex expected to be fully completed by 2025 and annual tourist footfall expected to exceed 5 crore, Ayodhya’s next development cycle has just begun.
Also read: Market swings due to Sensex-Nifty at historic level, record made for the first time in 14 months, you can bet on these stocks
