Ayodhya is experiencing a significant real estate boom, fueled by investment from major corporations and spanning multiple villages surrounding the city.
Ayodhya, the pilgrimage city in Uttar Pradesh, is experiencing a surge in real estate activity unseen in recent times. This follows the grand opening of the Ram Mandir in January of this year. While the religious significance of the city has always attracted visitors, the recent developments are luring a new kind of investor: big corporations.
Corporate Giants Drive the Boom
According to a report by The Indian Express, major players like Adani Group, through its subsidiary Homequest Infraspace, have already acquired land parcels in the area. The report highlights the purchase of 1.4 hectares by Adani, and mentions Mumbai-based Lodha Group as another key buyer. This is in addition to interest from prominent politicians and senior officials.
Investment Spreads Across 25 Villages
The real estate boom extends beyond the core city limits. The report indicates that 25 villages surrounding Ayodhya are witnessing a transformation, with land being actively bought and developed.
Political Upheaval Not a Deterrent
Interestingly, this real estate surge comes amidst a recent political shift in the region. The BJP, which played a significant role in the Ram Mandir construction, lost the Ayodhya Lok Sabha seat in the 2024 elections. However, this hasn’t deterred investors, who seem confident in the long-term potential of the holy city.
