How Are A Temple And An Airport Changing Ayodhya’s Real Estate?

Ayodhya, a city of immense religious and historical significance, is witnessing a transformation in its real estate landscape. Two major developments are driving this change: the construction of a grand Ram Temple and the establishment of an international airport. In this blog, we will explore how these projects are impacting the demand, supply, and prices of property in Ayodhya.

The Ram Temple, which is being built on the site where Hindus believe Lord Ram was born, is one of the most ambitious and controversial religious projects in India. The Supreme Court cleared the way for the temple construction in 2019, after a long legal dispute over the ownership of the land. The temple is expected to be completed by 2025, and will have a capacity to accommodate 10,000 devotees at a time.

The temple is attracting pilgrims and tourists from across the country and abroad, who want to witness the historic and spiritual event. According to a report by Housing.com, Ayodhya received over 1.5 crore visitors in 2023, and the number is expected to increase to 2.5 crore by 2025. This has created a huge demand for accommodation, hospitality, and commercial facilities in the city.

The government and private developers are responding to this demand by building hotels, guest houses, restaurants, shops, and entertainment centers around the temple site. The government has also allocated Rs 525 crore for the development of a cultural complex, a digital museum, a library, and an auditorium near the temple³. These developments are boosting the commercial real estate sector in Ayodhya, and increasing the value of the land and property in the vicinity.

Another factor that is changing the face of Ayodhya is the proposed international airport, which is expected to be operational by 2024. The airport, which will be named after Lord Ram, will have a capacity to handle 1,000 passengers per hour, and will connect Ayodhya with major domestic and international destinations.

The airport will enhance the connectivity and accessibility of Ayodhya, and make it more attractive for investors and businesses. The airport will also spur the development of infrastructure, such as roads, bridges, flyovers, and metro rail, in and around the city. The government has allocated Rs 1,000 crore for the airport project, and Rs 2,000 crore for the overall infrastructure development of Ayodhya.

The airport will also have a positive impact on the residential and industrial real estate sectors in Ayodhya. The airport will create employment opportunities and increase the income levels of the local population, which will in turn increase the demand for housing. The airport will also attract industries, such as logistics, warehousing, and manufacturing, which will require land and space for their operations. The airport will also boost the tourism potential of Ayodhya, and increase the demand for second homes and holiday homes.

Ayodhya, which was once a sleepy town, is now emerging as a vibrant and dynamic city, thanks to the twin developments of a temple and an airport. These projects are transforming the real estate scenario of Ayodhya, and creating new opportunities for developers, investors, and buyers. The prices of land and property in Ayodhya have increased fourfold in the past decade, and are expected to rise further in the coming years. Ayodhya is thus becoming one of the most sought-after real estate destinations in India, and a symbol of cultural and economic resurgence.