Real estate in 5 top Religious Cities: Till some time ago, people were running towards metro cities or big cities and whether buying a house or investing in property, these cities were considered to be the best and safe ones, but now a new trend is emerging in the real estate sector. For peaceful and happy living, people are now giving priority to buying houses in religious cities or pilgrimage places and this is the reason why there has been a tremendous property boom in these cities. In some cities, property prices have increased by up to 500 percent.
Now big developers are building residential projects in religious cities.
It is being seen that the prices of land have suddenly increased in these religious cities, the main reason for this is that big developers are buying land for development. Since the construction of Ram temple in Ayodhya itself, land prices have increased by 50-100 percent. At the same time, this progress is even more in the area around Ram Temple. Big developers are now preparing to build theme-based townships here. Not only this, due to infrastructure improvements, these cities are getting better returns year after year and living options are becoming more modern than before. Ayodhya Home and Soul Developers is also preparing to launch a big project here soon.
Vrindavan became expensive by 500 percent
Property prices in Vrindavan have increased significantly.
Due to the fame of Sant Premanand Maharaj and his increasing number of devotees, the Banke Bihari Temple Corridor issue of Vrindavan and the sudden increase in the crowd of devotees in Vrindavan after Corona, the prices of land in this city have increased by 500 percent. In just 4 years, the prices in MVDA approved residential schemes like Rukmini Vihar of this city have increased from Rs 20 thousand per 100 square yards to more than Rs 1 crore per 100 square yards. At the same time, it has become difficult to get land on Vrindavan-Chhatikara road.
Realty developers like Omaxe, Basera, Amaiya etc. are bringing high-rise projects in Vrindavan. Recently work is going on on Omaxe Krishna Crest, Omaxe Eternity, Omaxe Betgather Courtyard Mall etc.
Naini area of Prayagraj is rapidly developing as an industrial and educational centre. Developers like Omaxe are coming here and building projects like Omaxe Sangam City and Omaxe Ananda. Till now, the craze of high rise buildings is also being seen in this area where houses were attached to the ground.
Penthouse becomes hot choice in Dehradun
Penthouses are also available in Dehradun.
People’s interest increased in Kashi also
Shiv devotees are giving priority to investment in Varanasi. Buyers are making not only residential homes but also commercial investments considering the possibility of high footfall. In Varanasi too, many projects are slowly making inroads and increasing the prices.
Why is the investment trend increasing?
There is a record increase in religious tourism in these cities,
Highway, rail and air connectivity is improving rapidly,
Growing desire for retirement home and second home
There is assurance of safe and stable investment,
Branded developers of NCR have entered,
Religious cities are now emerging not just as spiritual centers but also as new real estate hotspots. Government support, rapidly expanding facilities and increasing interest from investors can make these cities the strongest real estate markets in the coming years.
