By Shivani Bazaz Jan 25, 2024 12:26:24 AM IST (Published)
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The temple town of Ayodhya is experiencing a significant surge in land prices, with circle rates witnessing a substantial increase. The current prices now rival those in Faridabad, Noida, and Gurugram.
The House of Abhinandan Lodha has invested ₹1,200 crore in a 51-acre plot in Ayodhya, where phase 1 of the 7-star luxury project called Sarayu is currently in progress. The project is conveniently situated 12–15 minutes away from the Ram Mandir, and a 1,250-square-foot plot in the project costs a staggering ₹1.72 crore.
Experts in the real estate industry report a surge in prices around Ayodhya, ranging from ₹2,000 to ₹10,000 per square foot.
In addition to this, The Leela Palace is set to introduce the first-of-its-kind pure vegetarian 5-star hotel inside the premises of Sarayu.
Clearly, Ayodhya is not exempt from the real estate boom.
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