Ayodhya: An Emerging Corridor for Real Estate Investments
Real Estate is the safest investment in the world. Ayodhya is one of the fastest-growing property investment destinations in India. In the last two years after Lord Rama Temple’s incarnation, Ayodhya has become the most prominent tourist destination. Since its reconstruction in 2022, Ram Temple has attracted crores of visitors. It has created umpteen opportunities for real estate investors. In last 3 years of short span of time, Ayodhya City has really marked its space in top 10 real estate destinations of Faizabad Uttar Pradesh.
City Highlights and its promising localities
Ayodhya City, also known as Faizabad earlier, is spread over 120.8 Sq. Km. It is one of the most prominent cities on the World Map in recent times. Due to its controversial status in the last 30 years, the growth of the city was at stake for several years. Ayodhya City is situated on the bank of the Saryu River. It is also called the Ghaghra River. This Holy City is connected to Lucknow, the capital of Uttar Pradesh, and the City of Nawabs from the Mughal Emperor eras. Here is the list of popular vicinities in the city. These areas have witnessed the highest number of real estate transactions in the last 5 years.
Hot Localities – In Ayodhya City
- Deokaali – The northern part of Ayodhya City offers lots of opportunities for Hotels and Food Chains. Ayodhya City gets More than 50000 pilgrims every single day. Visitors always have challenges to get good hotels within a relevant distance from the Holy place of Ayodhya Ram Temple.
- Naka Bypass – Adjacent to Lucknow Highway and well connected to Raebareli Road, Jagadishpur, Allahabad(Prayagraj), Sultanpur, and Pratapgarh via National Highway of AY to ALD. This locality offers affordable lands and commercial properties. These offer promising returns in the coming days.
- Gonda Road – Outer Part of Ayodhya and Faizabad City. It has spacious and widened roads. All top-class Hotel Brands like Taj, Grand Hayat, Radisson, and Park Plaza are expected to be constructed within 5 km from Ram Temple.
- Bharatkund – The second most famous place in Ramayana and Ayodhya’s historical places. Bharatkund is the place where King Bharat, the younger brother of Rama and son of Kaikeyi, was on 14 years of self-mortification. This was after Rama, Sita, and Laxman left for Banwas. They were directed by Kaikeyi and Dasrath. This locality offers numerous residential as well as commercial properties with good roads and infrastructure. It is situated on the AY to ALD National Highway of 330A. This area is spread over 10.09 Sq. Km. It has lots of greenery and the Holy Pond of Pishachi and Bharatkund. This Holy Pond was developed and renovated by King Vikramaditya.
Commercial Spaces – Ayodhya City
Since there is a larger crowd of pilgrims immediately after Ram Temple Pran Pratishtha, lots of real estate players have already entered this emerging market. This includes House of Abhinandan Lodha, SRK Group, Aamprali, Home Pitara, Unitech, Ayodhya Industrial Developers, Akshat Group, SSI, and Sri Balaji. Property Simplify also serves as one of the best real estate companies in Ayodhya, Faizabad City, and other parts of this Holy City close to Ram Temple. Property Simplify is a Bangalore-based real estate marketing company. It has a presence in other parts of the country as well, like;
- Lucknow, Uttar Pradesh
- Hyderabad, Telangana
- Pune, Maharashtra
- Chennai, Tamil Nadu, Delhi NCR
Residential Properties
In the last 2 years, many real estate investors who have businesses in the outskirts of Ayodhya City and Faizabad have shown more interest in Residential plots. They want to make houses for end use close to the Ram Temple as sentiment. BharatKund, Masodha, Bikapur, Ranizabar, Naveen Mandi, and Mumtaznagar are the localities where the highest number of plotted developments are there.
Demerit of Plotted Development in Ayodhya City
Undoubtedly, Ayodhya City has one of the most fertile lands for agricultural purposes. It also contributes more to vegetable and sugar cane farming. Especially, a higher number of plotted developments will cause less production. This is because landowners are reluctant to do agriculture and are opting for selling lands as villa plots or for individual house purposes. Government must demarket the misuse of development. A boom in real estate may cause more pollution. This is because the concrete jungle will diminish the fresh air and lush greenery of this beautiful holy city.
Call us if you are looking to invest in any kind of residential as well as commercial properties. We would love to assist you with end-to-end services without any brokerage charges.