One of India's major initiatives is underway as the Uttar Pradesh government embarks on the construction of the nation's first vastu-based township in Ayodhya, spanning a vast 1,100 acres. Officials from the state government envision a harmonious blend of traditional and modern architecture, shaping a unique landscape for the 'New Ayodhya' township.
The additional chief secretary of Uttar Pradesh, Nitin Gokaran, revealed that the government has already secured possession of the designated land for this groundbreaking project. The surge in interest from developers and builders was notably sparked by the announcement of the Ram Temple's inauguration on January 22.
Highlighting the distinctive feature of this upcoming township, Gokaran emphasized its vastu-centric design, setting it apart as a trailblazer in urban planning. Describing the city's layout, he outlined the vision for a river-centric urban environment, emphasizing sustainability as a core principle. The government's ambitious goal is to establish New Ayodhya as one of the premier cities in the country.
In line with this visionary project, the Uttar Pradesh government plans to introduce hotels and various commercial establishments in the temple town. An auction for a hotel plot recently concluded with a base price of Rs 88,000 per square meter, fetching a winning bid of Rs 108,000 crore per square meter. Additionally, there is a surge in demand for pristine properties, leading to the initiation of registrations for the state guest house, with plans to auction commercial plots in the near future.
The commencement of the Ram Temple's construction has triggered a notable uptick in property rates and land prices in Ayodhya. Transactions in both property and land have surged by almost 50 percent, according to a report in the Times of India. This unprecedented development boom has attracted developers and builders nationwide, eager to capitalize on the burgeoning opportunities in the evolving landscape of the temple town.
As Ayodhya anticipates a surge in tourism following the temple's consecration, there has been a significant increase in daily land deals, jumping from 15 to 20 before the groundbreaking ceremony to an impressive 25 to 30. The rise in property prices traces back to the Supreme Court's historic ruling, awarding the disputed site to the Hindu side, further fueling the transformation and growth of Ayodhya into a dynamic and sought-after destination.
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