Ayodhya has been witnessing a new era of modernity ever since the opening of Ram temple in January last month. Now an upcoming real estate project viz ‘Ramayu Estate’ which is situated near the iconic Ram Mandir, the ancient city is all set to promise a blending of traditional charm with contemporary living.
The residential real estate project will be developed by Estatebull, which is located just 4.5 kilometers away from the Ram Janmabhoomi, offering a direct connection to the spiritual epicenter of Ayodhya.
After the historic inauguration of the Ram Mandir on January 22, Ayodhya’s real estate is on a boom. Property prices in and around the city have already risen significantly during the last 4-5 years and are likely to surge further in the years to come.
Chairman of ANAROCK Group, a property consultant firm, Anuj Puri mentioned that property prices in Ayodhya were estimated to increase by nearly 25-30% in 2019 immediately after the Supreme Court verdict in 2019. Post 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, he said.
Key details of the project
The Ramayu estate is equipped with prime plots with a combination of essential amenities including 24×7 security surveillance, a clubhouse, a gym, a community hall, and water connectivity among other facilities.
The upcoming smart city project is in tandem with the government’s smart city project. It promises state-of-the-art infrastructure, and advanced services, contributing to Ayodhya’s transition into a modernised urban landscape.
Further, the project has already received the necessary approval from the Real Estate Regulatory Authority (RERA).
Notably, the slew of developmental projects in Ayodhya has spurred its economy, pushing it towards rapid growth. With a focus on religious tourism, cultural heritage, and infrastructural progress, Ayodhya is rapidly transforming into an economic powerhouse.