Footprints of Ram Accelerates the Demand of Real Estate in Ayodhya

The whole country is celebrating the Ram Mandir consecration ceremony around the corner. With the sense of excitement has spread throughout the India, real estate experts added a sparkle to the celebration by sharing most ingenious insight that the inauguration Ram Mandir is all set to give boosting shot to real estate landscape of Ayodhya.

According to Anarock research data, realty demand in Ayodhya has risen significantly ever since the much-awaited verdict was announced by the Supreme Court back in 2019. There is a growing demand by not just locals but also investors from outside the city, including businessmen.

As per the data research report of Anarock, the demand for realty in Ayodhya has risen drastically ever since most awaited decision of building Ram Mandir was publicized by the Supreme Court back in 2019.

In actual fact, the prices of properties in and around the city have already augmented notably during the last 4-5 years and are probably to rush advance in the years to come.

Commenting on this, Anuj Puri, Chairman, ANAROCK Group says, “Property prices in the city were estimated to have shot up by nearly 25-30% in 2019 immediately after the verdict. In 2019 post the verdict, land prices had risen to nearly 400-700 per sq. ft. in the outskirts (at Faizabad Road). Within the city-limits average prices stood between Rs 1,000 and Rs 2,000 per sq. ft. during this time. However, the average land prices in the outskirts of Ayodhya have jumped up much higher. As for areas within city limits, average prices have shot up to be anywhere between Rs 4,000 and Rs 6,000 per sq. ft. Thus, there has been a significant jump in average prices between 2019 and 2023”.