Uttar Pradesh Unveils Vision for India's First Vastu-Designed Township, 'New Ayodhya,' Spanning Rs 1,000 Acres in the Sacred City.
Updated: Jan 20
The government of Uttar Pradesh is set to create a sprawling township called 'New Ayodhya' spanning 1,000 acres in the sacred city. The plan involves a unique blend of modern and traditional architectural features. Nitin Gokarn, the additional chief secretary for housing and urban development in the state, disclosed this exciting development.
Uttar Pradesh Vastu-designed township New Ayodhya
In a groundbreaking move, Uttar Pradesh is gearing up to establish 'New Ayodhya,' touted to be India's inaugural vastu-based township. Nitin Gokarn, the additional chief secretary for housing and urban development, shared this revelation with ET, highlighting the fusion of contemporary and traditional elements in the township's design. The state government has already secured the necessary land for this ambitious project.
With the much-anticipated inauguration of the Ayodhya Ram Mandir scheduled for January 22, there's a surge of interest among developers to acquire land in the region for both commercial and residential ventures.
According to Gokarn, New Ayodhya City is envisioned as a river-centric urban center with a strong emphasis on sustainability. The goal is to position it among the premier cities in the country. To kickstart the development, the government recently conducted an auction for a plot earmarked for a hotel, setting a reserve price of Rs 88,000 per square meter. The competitive bidding saw the winning bid reach Rs 108,000 per square meter, indicating a robust demand for prime properties in the area.
Gokarn emphasized the government's commitment to facilitating developers in acquiring pristine land, responding to the high demand for clean and well-located properties. Registrations for the state guest house have already commenced, signaling the initiation of the development process. Gokarn further revealed that subsequent to this, the government plans to auction commercial development plots, providing further opportunities for interested parties.
The ambitious New Ayodhya project comes at a significant juncture, coinciding with the historic inauguration of the Ayodhya Ram Mandir. The township's vastu-based design underscores a thoughtful integration of traditional architectural principles with contemporary urban planning.
Uttar Pradesh Vastu-designed township New Ayodhya
As the government moves forward with its plans, it aims to transform New Ayodhya into a model city, setting standards for sustainable and well-designed urban living. The river-centric approach not only adds an aesthetic dimension but also aligns with eco-friendly practices, emphasizing the township's commitment to environmental sustainability.
The recent auction of a hotel plot, with bids surpassing the reserve price, reflects the burgeoning interest from developers keen on investing in this promising real estate market. Gokarn's assurance of government support in acquiring clean and desirable land further strengthens the appeal of the region for potential investors and developers.
In a strategic move, the state government is already in the process of initiating registrations for the state guest house. This marks the beginning of the developmental phase and sets the stage for subsequent auctions of commercial development plots. The phased approach demonstrates a systematic and well-thought-out strategy to ensure the orderly growth of New Ayodhya.
Since the historic groundbreaking ceremony for the grand Ram Mandir in August 2020, there has been a remarkable surge in land prices and property transactions in Ayodhya, witnessing an impressive 50% increase. This upswing has not gone unnoticed, drawing developers from various parts of the country eager to capitalize on the anticipated influx of tourists to Ayodhya.
Amit Agarwal, the founder and Managing Director of 2A Company, a prominent real estate firm, highlighted the attractiveness of government-owned land for developers. He emphasized that a well-planned township, like the proposed 'New Ayodhya,' holds the potential to attract substantial investments, making government land a secure choice for developers looking to seize this opportunity.
Interestingly, local investors are currently playing a pivotal role in driving property sales in Ayodhya, primarily due to uncertainties surrounding land acquisition regulations. In response to the evolving real estate landscape, there has been a noticeable uptick in the average number of daily property transactions. The figures have risen from 15-20 deals per day prior to the groundbreaking ceremony to a more robust 25-30 deals daily at present.
This surge in land prices and heightened property-related activities underscores the growing interest and confidence in Ayodhya's real estate market. The region's significant religious and cultural importance, coupled with the upcoming inauguration of the Ram Mandir, has evidently transformed Ayodhya into a hotspot for developers and investors seeking promising opportunities in the real estate sector.
With the completion of the Ram Mandir on the horizon, projections from the Ram Temple Trust indicate that it has the potential to draw a staggering 80,000-100,000 visitors every day. This anticipated influx of pilgrims and tourists is significantly impacting property dynamics in Ayodhya.
The surge in property prices is evident, having experienced a notable increase of 25-30% back in 2019 when the Supreme Court awarded the disputed religious site to the Hindus. This landmark decision set the stage for a transformative period in Ayodhya's real estate landscape.
Recognizing the burgeoning opportunities, the administration is actively assuring investors of support through existing policies, including subsidies and incentives. This proactive approach aims to facilitate and encourage investments in the region, providing a conducive environment for developers and investors looking to capitalize on the growing appeal of Ayodhya's real estate market.
In essence, the completion of the Ram Mandir not only holds profound religious and cultural significance but also serves as a catalyst for economic growth in Ayodhya, making it a focal point for real estate activities and potential investments.
In conclusion, Uttar Pradesh's ambitious endeavor to create India's first vastu-based township in the form of 'New Ayodhya' reflects a harmonious blend of tradition and modernity. The project not only holds historical significance due to its proximity to the Ayodhya Ram Mandir but also presents a unique opportunity for developers and investors to contribute to the creation of a model city with a focus on sustainability and thoughtful urban planning.
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