Ayodhya is witnessing a significant surge in real estate activity, primarily driven by the construction of the Ram Mandir.
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It has been at the heart of developments, ahead of the Ram Mandir ‘Pran Pratishtha’ and is expected to attract further real estate and infrastructure developments with an increase in tourism.
With people flocking to the birthplace of Ram Lalla, real estate prices are expected to grow. Even celebrities are investing in real estate in Ayoydhya.
Days before the ‘Pran Pratishtha’ of the Ram Temple, Bollywood legend Amitabh Bachchan acquired a 930 sq. metres (10,000 sq. feet) piece of land in Ayodhya as per media reports.
The town witnessed the actor’s investment of Rs 14.50 crore in a forthcoming scheme by The House of Abhinandan Lodha (HoABL) Mumbai. The scheme aims to construct homes in what is referred to as the ‘Global Spiritual Capital.’
If you’re considering making a property investment in Ayodhya, here are some crucial factors to bear in mind.
Here are seven key points to consider:
1. Verify title and ownership documents – Before sealing the deal, it is imperative to thoroughly check the property’s title and ownership documents. Ensuring the authenticity and legal soundness of these documents is crucial to avoid potential disputes in the future.
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2. Keep an eye on property prices and trends – Ayodhya’s property market has experienced a substantial increase in prices recently. Staying informed about current property rates and trends will help you make well-informed decisions and avoid overpaying for your investment.
3. Be wary of local zoning laws – Understanding local zoning laws and regulations is crucial before making any investment decisions. These laws may undergo changes, especially in areas experiencing significant development, so it’s essential to stay informed to prevent any unforeseen issues.
4. Check infrastructure and connectivity – Investigate the availability of basic amenities such as water, electricity, transportation, and highway connectivity in the chosen area. Ensuring proper infrastructure will contribute to a comfortable living or successful commercial venture.
5. Monitor Ayodhya’s development prospects – With the ongoing construction of the Ram Mandir, Ayodhya is poised for substantial development. Keep a close eye on the city’s overall development prospects, as this can impact property values and future growth potential.
6. Consider investing in commercial properties – Ayodhya’s real estate market shows promising potential for commercial development. Consider diversifying your investment portfolio by exploring opportunities in commercial properties alongside residential options.
7. Watch out for growth – Several growth indicators point towards Ayodhya‘s rising potential. Notable developments include government-issued hotel permits, significant infrastructure investments, land allocations around Chaudah Kosi Parikrama, Ring Road, and the Lucknow-Gorakhpur Highway, as well as upcoming housing schemes.
