The issue of Shri Ram Mandir Ayodhaya is a highly contentious one between India's two major communities, Hindus and Muslims. The left-wing community has been opposed to the way this issue has been causing tension between these two religious groups. However, the right-wing community have been very emphatic in their demand to construct Ram Mandir on the disputed site of Ayodhya.
The demolition of Babri masjid took place in 1992, but no conclusion could be reached by either side. The matter was referred to Allahabad High Court, and then to the Supreme Court. After many years of court hearings, the Supreme Court decided to settle the matter once and for all in 2019. The 5-member bench of the Supreme Court, including the then Chief Justice of India (CJI) D Y Chandrachud gave a judgment in favour of the Hindus and allotted the entire land of Ayodhya for the construction of the Ram Mandir.
The Supreme Court of India had declared the 1992 BabriMasjid demolition an unlawful act and ordered the authorities to provide separate land in the Ayodhya District to the new Masjid for the construction of Ram Mandir.
Recent Developments in Ayodhya
shri ram mandir ayodhya property price skyrocketed on the occasion of Ram Mandir's inauguration, "Pran Pratishtha". Pran Prathistha involves placing life into the idol of Lord Rama so that devotees can pray and put their faith in the temple. The Government of India and Uttar Pradesh have invested a lot in constructing the infrastructure to cope with the influx of large numbers of devotees and visitors to the city. The new international airport, Shri Maharishi Velmiki International Airport (SMAI) in Ayodhya has been inaugurated and is capable of handling 1.2 crore passengers annually. The Ayodhya railway station has been renovated to accommodate the influx of train passengers.
Other projects like the new expressway, a waterway, etc. are being prepared to disperse the tourist flows to Ayodhya which is known as the ‘birthplace of lord shri ram’.
However, the euphoria is not without its drawbacks.
In order to widen the connecting road from 4 sides to the ram mandir site, over 4,000 houses were demolished leaving the people homeless right away.
The Ayodhya development authority is planning a new housing project to build a huge residential project on 80 acres. It is unclear whether this project will be for rehabilitation of the families whose houses were grounded in order to widen the road leading to the shri ram temple in ayodhya.
It is estimated that around 45 lakh tourists will visit the City every month.
People living in the nearby locality are eager to take advantage of this great opportunity and are looking for various business opportunities in the Ayodhya tourism sector.
For many decades, two communities have been working together on this issue, and now that India is comprised of 80% Hindus, the dream of constructing a Ram Mandir in the city of Ayodhya has been made a reality. This presents an opportunity for the tourism industry to grow in the new religious city. The central government and the state government of Uttar Pradesh have been focusing on the redevelopment of transport facilities in the city, such as air, rail and road, which has been beneficial for the real estate sector. As the city becomes more popular with tourists, there will be a need for more hotels, and 'OYO' has taken steps to meet this need by maintaining 1000 new rentals. Leading luxury hotel brands, such as 'Taj Hotels' and 'The Leela Palace', have also decided to invest in the city and add their own luxury hotel chains.
There have also been several reports about the fact that Bollywood star Amitabh bachchan is interested in purchasing a property in the holy city of Ayodhya. Such news will definitely help the real estate industry in the city to attract investors to the city. A property located in the vicinity of the temple and the most famous religious place in India can bring a lot of benefits to the investors in the long run, whether it be in terms of price growth or business opportunities.
Following are the recent developments in the real estate sector in Ayodhya City
Investors in shri ram mandir ayodhya property are expected to invest an impressive Rs 85,000 crore in the city over the next ten years. This investment will be made in a variety of sectors, such as lodging and boarding, parks and roads, hospitals, and more. Taj Hotels, India's largest luxury hospitality brand, is planning to open a luxurious hotel near the Ram Mandir Temple in Ayodhya, while The Leela Palaces and Hotels and Resorts are also planning to open their hotels. With the inauguration of the Ram Mandir, the city's tourism potential will be tapped, leading to a surge in property prices, which could reach 12-20 times the current value in the next decade.
The historical importance of Ayodhya and its surrounding areas, as well as its potential to become a major tourist destination, make it an attractive investment destination for real estate investors. There are several areas within close proximity to the newly opened Ram Mandir. Some of the areas near the temple, which is the ‘birthplace’ of Lord Ram, include Chhatrapati Shivaji National Park in Chadah, the Ring Road in Chandigarh, the Deokali area in Deokali and the Nayaghat area in Uttar Pradesh. The Gautam Buddhiram Singh National Highway, which runs along the outskirts of the town of Gorakhpur, is also a great option for land parcels. Experts from the real estate industry believe that investing anywhere within 5-15 km of the Ram birth place could open up business opportunities or lead to high price appreciation in the city, as ram mandir ayodhaya property price have increased 5-10 times since the construction of the Ram mandir temple began on the site in 2019, as per reports from analysts and news outlets. The current market trends suggest that property prices in the town of Ayodhya will fluctuate between 2,000-20,000 square feet, depending on its positioning within 5-10 km of the
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