 "Land Prices Skyrocket in Ayodhya Post Ram Temple Consecration Ceremony")
Following the consecration of the Ram Temple in Ayodhya earlier this year, land prices in the temple town have surged significantly. Next month, the circle rate for land in the Sadar tehsil will increase by up to 200%, marking the first revision since 2017. This hike comes as a response to rising demand from investors, real estate companies, and hotel chains seeking property near the temple. The new rates will be made public after September 4, providing clarity for potential buyers. However, political opposition has arisen, with claims that the rate increase benefits certain factions. The rapid rise in property values has been dramatic, with some areas seeing rates soar by over 1,200% in just three years.
Title: Land Prices Surge in Ayodhya After Ram Temple Consecration
After the consecration ceremony of the Ram Temple in Ayodhya earlier this year, the town has seen a dramatic rise in land prices. Starting next month, the circle rate for land in the Sadar tehsil of Ayodhya district will increase by up to 200 percent, according to local officials.
This significant jump comes as investors, real estate companies, and major hotel chains are actively purchasing land in the area, clearly betting on the temple town’s growth. Gaurav Dayal, the Ayodhya Divisional Commissioner, announced that a notice for the increase in circle rates has been published and the finalized rates will be disclosed in the first week of September.
Following years of stagnant property values, the district administration is responding to the booming real estate Market spurred by extensive construction activities around the Ram Temple. The last revision of circle rates occurred in 2017, making this upcoming change a major shift for prospective buyers.
Officials highlight that land near the Ram Mandir and along the highway has seen prices soar between 41 to 1,235 percent above the previous circle rates over the last three years. With prices soaring, it’s expected that the new circle rates will reflect this dynamic Market adjustment.
However, not everyone is pleased. Akhilesh Yadav, the President of the Samajwadi Party, has raised concerns about potential favoritism towards those aligned with the ruling BJP party, claiming that the circle rate hike favors land investors while neglecting local residents who previously received lower compensation rates.
As the real estate Market evolves, all eyes are on Ayodhya, where the newly adjusted circle rates are set to come into effect next month, promising to reshape the property landscape in this historic city.
Tags: Ayodhya, Ram Temple, land prices, real estate, circle rate, investment, BJP, Akhilesh Yadav, property trends, Uttar Pradesh, temple town
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Why are the circle rates of land in Ayodhya increasing after 7 years?
The circle rates are going up because of increased demand for land in Ayodhya, especially after the recent developments and projects in the area. -
When will the new circle rates take effect?
The new circle rates are set to come into effect in September. -
How will the increase in circle rates affect buyers?
Buyers will have to pay more for land since the circle rates will be higher, leading to increased costs for purchasing property. -
Is Ayodhya becoming a popular place for real estate investment?
Yes, Ayodhya is becoming popular for real estate due to its historical significance and recent developments, attracting more investors. - What should people consider before buying land in Ayodhya now?
People should consider their budget, the new circle rates, and the potential for property value growth before making a purchase.
