The home of God Ram, Ayodhya, was once a sleepy town and is undergoing an infrastructure makeover as the much-awaited Ram Mandir will be open in just a few weeks. The city is experiencing a real estate boom, with property values rising sharply. Due to the influx of investors, hoteliers, and business owners, property values in the city have increased by up to three times their initial value. 

Local real estate brokers say there are very few left to purchase. “Ayodhya does not have any new land available,” real estate broker Kakku Singh stated. 

In the periphery, where rates ought to have hovered around Rs 3,000. The current rates range from Rs 6,000 to Rs 7,000. There is no land around the Ram Mandir. If there is, it has no rate. One can obtain anything they desire, “he continued.” 

As of November last year, over 9,000 houses had been solid in Ayodhya. The corresponding figure has increased by over 100% this year. According to data, 20,067 properties have sold this year. 

As the inauguration date draws near, the prices have been at their highest. 

From about 10,000 lakh in 2018-19, the department’s revenue has increased to Rs 15,631.33 lakh as of November. 

As for a percentage increase, the Department’s revenue receipt for November was the highest in the State at 109%. 

I get calls from people looking to purchase land to open resorts and hotels. According to Yogendra Pratap, Assistant Commissioner of the Stamp & Registration Department,” Therefore, this has increased the revenue of the Stamp Department.” 

The community hopes that the investment will draw tourists and give many of them a source of income. 

To capitalize on the rapidly expanding infrastructure, Rajjan Lal, who resides 40 km from Ayodhya, sold his property in the village and purchased a 1000-square-foot plot to open a small cement shop close to Ayodhya. 

“There is a possibility of earning a decent living because of the temple construction. Though the rates are also high, I will do business here,” he remarked. 

In Ayodhya, the government also intends to construct a 4.40-acre tourism facilitation center. A budget of Rs 130 crore is forecast.

The project will develop several commercial centers in the tourist center, such as a tourist office, lodging, food court, shopping center, art and craft center, and parking area. Soon the project should take off. 

By the end of this month, the Ayodhya International Airport will probably be finished, according to Union Aviation Minister Jyotiraditya Scindia.