Ayodhya, with its upcoming consecration program for Ramlala's idol on january 22, has become a focal point of discussion worldwide. Beyond the religious and cultural significance, the city has also witnessed a surge in land prices, particularly after the supreme Court's decision in favour of the ram Janmabhoomi.
Following the court's verdict in 2019, land prices in the vicinity of the temple started soaring, experiencing an initial increase of 25 to 30 percent, as reported by Times of India. Subsequently, Economic Times noted a substantial rise, estimating that land rates have surged five to ten times compared to what they were five years ago. For instance, a plot valued at Rs 35 lakhs five years ago may now be worth over Rs 3 crores.
The city's real estate landscape is undergoing rapid changes, driven not only by the temple construction but also by various developmental projects. ayodhya is emerging as a significant tourist destination, attracting government attention for infrastructural development. local property experts, such as Aditya Singh, emphasize the scarcity of available land within 10 kilometres of the temple.
For those lucky enough to secure land in close proximity, the rates range from Rs 20,000 to Rs 25,000 per square foot. Singh suggests that investing in Ayodhya's property today could yield remarkable returns, potentially reaching 15 to 20 times the investment in the next few years.
