India Real Estate Latest Trends | Overview | Growth | Investments

January 29, 2024
Ayodhya’s Renaissance:  From Temple City to Global Hub

Situated on the banks of the holy river Sarayu, the city of Ayodhya has long held deep religious ties for the Indian populace. The recent Pran Pratishtha ceremony of Maryada Purushottam Shri Ram at Shri Ram Janmabhoomi Temple has only served to reinforce these reverent sentiments.

However, this move, along with a string of government initiatives aimed at uplifting the city’s infrastructure, has had an interesting effect on the city’s real estate sector. Indeed, the ancient city of India has witnessed an exponential rise in circle prices, with experts estimating the price in the city ranging from Rs 2,000 to Rs 10,000 per sq. ft, competing with mega real estate hubs like Gurgaon, Bangalore, and Pune.

The town is projected to be the epicentre of devotion and development, attracting devotees and investors alike. In this vein, various modernization projects have been undertaken. From the construction of Maryada Purushottam Shri Ram International Airport to the development of a 1,890-acre smart city, Navya Ayodhya, to a model solar development plan for the city, the temple city is envisioned to transform into a global hub where spirituality meets modern comforts.

In addition to this, the city will soon possess seamless inter- and intra-state connectivity, with the Chaurasi Kosi Parikrama route being declared a national highway with upgraded road links and a revamped Ayodhya Dham Railway Station. This sea change in the city’s infrastructure has led to leading real estate developers in the country hankering to invest in the city.

In a show of belief in the city’s potential, India’s number one branded land developer, the House of Abhinandan Lodha, has recently committed Rs 12,000 crore to the spiritual city’s economic development. Furthermore, the developer has recently launched Ayodhya’s first seven-star integrated township, Sarayu. Named after the holy river, the township, spread across 25 acres, is envisioned to grant its residents a feel of spiritual luxury by blending old-world charms with contemporary luxuries.

The development, located conveniently 10–12 minutes away from the newly inaugurated Ram Mandir and 30 minutes away from the upcoming international airport, is divided into three sectors: Ananta, Jal Tarang, and Atulya, with the architecture inspired by the aforementioned temple.

Every element in this township is curated to endow it with the magnificence of the ancient royal cities. From the massive ornate entrance gates that welcome you to the township to the scenic welcoming garden and the 12,000-square-foot clubhouse, everything here is imbued with grandeur befitting a historical empire. In addition to this, the township is planned to have the best of amenities, like an expansive amphitheatre, an extravagant 40-foot swimming pool, a 4000-square-foot luxury restaurant, and many other posh features, all selected to provide its residents with the best of luxuries.

In conclusion, Ayodhya’s blend of spirituality and modernisation is reshaping its real estate landscape, attracting investors and residents alike. With initiatives like the Ram Mandir and Navya Ayodhya, coupled with major infrastructure projects, the city is poised for exponential growth. Sarayu Township symbolises this transformation, offering a luxurious lifestyle amidst the city’s rich cultural heritage.

The Surging Rent in Bangalore: Aggravated by the New Property Taxation Scheme

The growth engine of India’s IT industry, present-day Bangalore is a melting pot of people and cultures from all over the country. This cosmopolitan hub draws thousands of young and aspiring professionals to the city with its thriving technology hub, stunning infrastructure, and fascinating fusion of cultures. This increasing urbanisation in the city in a short period of time has, however, led to a steadily rapid increase in apartment rents. As per reports by a leading real estate consultan

Outlook for 2024: Residential Completions Inbue Confidence in Homebuyers

Indian real estate sector shows phenomenal growth with estimated completion of 5.31 Lakh housing units across India Despite global economic challenges, India's real estate market has shown remarkable resilience, witnessing a surge in construction activity in 2023. With over 4.35 lakh homes completed across the nation's top seven cities, the sector has defied expectations and continued its growth trajectory. Notably, regions like the Mumbai Metropolitan Region (MMR) and Nat

Rooted in Tradition: The Shift in Indian Luxury Housing

Did you know that an all-time high of 4.76 lakh units were sold in the year 2023 in India’s top 7 cities? This marks a whopping 31% increase from the previous year, reflecting the vigorous momentum that had enveloped the Indian real estate industry. One trend that particularly swept the industry by storm in 2023 was the dominance of luxury housing. Indeed, for the first time in the annals of Indian real estate, sales of luxury real estate exceeded those of the affordable segments during the Ju