Ayodhya Property Rate Soars 179% amid Rise of Ram Mandir Popularity

Ayodhya Ram Mandir leads to a lot of changes in the city. The data and figures show a massive increase in the property rates, number of registrations, buying of land, and prices of the stays in the city. The recent reports by Magicbricks mention that the Ayodhya Ram Mandir led to Ayodhya property rate rising by 179%. The areas with rates of ₹1,000 to ₹2,000 per square foot are now ₹4,000 to ₹6,000 per sq ft. It states clearly that the land is land has become expensive and is out of reach for many people. 

Ayodhya Property Rate

The Ayodhya property rate and land around the temple are increasing rapidly. The area that was available at ₹1,000 to ₹2,000 sq ft is now available at ₹4,000 to ₹6,000 sq ft. The areas like Faizabad Road, Deokali, Chaudah Kosi Parikrama, Ring Road, Nayaghat, and Lucknow Gorakhpur highway and around are increasing in demand. The above-mentioned areas lie within 20 km of Ram Mandir.

The consecration ceremony on 22 January 2024 led to an increase in the visits in the area. Apart from that, the stays at hotels were also increased. The hotel prices touched 75,000 per night at the maximum. The current rates of the land in Ayodhya are around ₹8.877 sq ft. The prices follow the latest reports in January 2024.

People are preferring to buy land more than properties. All the property apps have seen an increase in the searches for Ayodhya. The searches for Ayodhya city rose by 6.25x times on Magicbricks. The other apps are seeing similar results.

The property registrations during the last year noticed an upsurge. It is around 120% more searches in the last five years. The plan for the construction of Ram Mandir has been going on for a long time. Many people started booking the land in advance. Those with faith in the construction of the Ram Mandir took the step first. There is an increase in employment leading to many people shifting to Ayodhya for work. People around the city are preferring to shift to the city for opportunities. The land rises and increases further. Apart from Ram Mandir, Ayodhya International Airport also seems to raise its employment ratio. We hope you get enough details about the Ayodhya Ram Mandir’s impact on the property rise.

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