Ayodhya's Real Estate Boom: A Reality Check
Despite concerns that Ayodhya's real estate boom may have cooled, property developer House of Abhinandan Lodha remains optimistic on sales.
Ayodhya Real EstateHouse Of Abhinandan LodhaPlotted DevelopmentSpiritual DestinationsCultural DestinationsReal Estate NewsSep 24, 2024
Despite steady flow of tourists to the temple town, some airlines have cut the number of flights due to lower-than-expected demand, and the appetite for real estate investment may have also reduced in the city and its surroundings.
House of Abhinandan Lodha was the first major real estate player to announce a plotted development project in the city and has also tied up with the Leela Palace group of hotels to set up a hotel as part of its Sarayu plotted development in Ayodhya, which spans around 75 acres with 800 plots.
Frequently Asked Questions
What is the current status of Ayodhya's real estate market?
The initial buzz around Ayodhya's real estate market may have moderated, but House of Abhinandan Lodha remains optimistic on sales.
What is House of Abhinandan Lodha's presence in Ayodhya?
House of Abhinandan Lodha has a plotted development project in Ayodhya, which spans around 75 acres with 800 plots.
What are House of Abhinandan Lodha's plans for expansion?
In 2025, the company is planning to launch three projects part of its expansion theme of spiritual and cultural destinations, in Varanasi, Vrindavan and Amritsar, while it also plans a launch in Khopoli, on the outskirts of Mumbai.
What is the price range of plots in House of Abhinandan Lodha's Ayodhya project?
The minimum plot size at the project is around 1,250 square feet, and prices start at Rs 1.79 crore.
What are House of Abhinandan Lodha's other interests in terms of real estate markets?
The company remains interested in markets such as Bengaluru, Andhra Pradesh and Telangana, and has two projects in Goa, including the large 130-acre development in Bicholim.
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