Connect with us

Locality Insights

Ayodhya Real Estate: Ram Mandir Ignites Long-Term Growth

Published

on

Ayodhya Real Estate: Ram Mandir Ignites Long-Term Growth.

Prime Minister Narendra Modi is in Ayodhya today to hoist a sacred flat to commemorate the completion of the Ram Mandir. With Ayodhya becoming a spiritual destination, religious tourism has emerged as the government’s primary source of revenue. The temple town has seen an extraordinary increase in tourist numbers, which will already approach 22 crore by mid-October 2025, up significantly from 16.44 crore in 2024. The growing interest among tourists has increased demand for real estate in the temple town.

The city’s real estate sector has grown dramatically since 2019, when the Supreme Court ruled in favour of the construction of the Ram Temple. In fact, housing values near the temple zone have grown by 5 to 10 times, while those on the city’s outskirts have increased by four to eightfold. However, real estate values have experienced a modest adjustment since PM Modi’s Pran Pratistha of Ram Lala on January 22, 2024.

The consecration of the Ram Mandir and other initiatives have pushed up real estate values, placing Ayodhya as a significant religious tourism destination in Uttar Pradesh.

Since the opening of the Ram Mandir, Ayodhya has been a popular real estate investment destination, with substantial growth in both the residential and commercial sectors. Property values in the market have risen rapidly, owing to huge infrastructure construction and growing tourism demand.

In the residential sector, plot prices have skyrocketed, particularly in regions near the Ram Mandir, with more moderate pricing accessible in outlying areas such as Faizabad Road and Raibareli Road. Omaxe and The House of Abhinandan Lodha are among the real estate businesses that have already joined the Ayodhya market.

In the commercial market, rising tourism and infrastructure developments like the Ram Path and an international airport have created a high demand for commercial premises for hotels, retail, and offices. Prices in important business areas have risen dramatically, with major hotel brands such as Taj and Radisson opening buildings near the Ram Temple. Several other hotel groups are also intending to enter the Ayodhya market, citing the enormous increase in local and international travellers expected in the coming months.

The Uttar Pradesh government has undertaken infrastructure improvements and urban development projects, boosting Ayodhya’s appeal as a bustling hub for both residential and commercial enterprises.

In addition, the government is encouraging inexpensive homes in Ayodhya, an emerging real estate hotspot among tier 2 cities. In December of last year, the Ayodhya Development Authority inaugurated the Vashisht Kunj Scheme, which includes 600 residential plots near the Lucknow-Ayodhya Highway and would be completed in phases. While Phase 1 registration and allotment are complete, Phase 2 registrations have been extended due to great demand.

The Uttar Pradesh Awas Vikas Parishad (UPAVP) is also creating a Green Field Township in Ayodhya. This is the UPAVP’s principal housing and urban development initiative. The project intends to create a modern, eco-friendly township near Ayodhya that includes residential plots and a variety of amenities.

Mohit Batra, Regional Director of Realistic Realtors, stated, “When viewed through a Tier-2 lens, Ayodhya’s real estate proposition matches well with where India’s next wave of growth is headed.  Tier-2 cities are surpassing many conventional hubs in terms of capital appreciation, with an average of 17.6%. The increased demand comes not only from local buyers and NRIs, but also from huge corporations and developers who are long-term investors.  When we apply this to Ayodhya, we see a fascinating story: improved infrastructure, spiritual tourism, and plotted land demand are all contributing to Ayodhya becoming a Tier-2 micro-market in its own right. As a result, investors should view it as a long-term urban narrative, rather than a’short-term’ play around the temple: mixed-use projects, mid-tier residential, and tourist-driven hotel real estate will most likely characterise the next 5-7 years. The Tier-2 data validates Ayodhya’s promise beyond sentiment alone.”

According to Sakshee Katiyal, Chairperson of Home & Soul, “Investors are increasingly viewing Ayodhya not just as a devotional destination, but as a Tier-2 economic growth story in the making.” According to some estimations, Ayodhya currently accounts for approximately 1.5% of Uttar Pradesh’s GDP due to its rapid development. That macroeconomic momentum is resonating with NRIs and institutional investors, who typically prioritise ROI over emotion.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Locality Insights

BKC Goes Car Free on Fridays From June 12

Published

on

BKC Goes Car Free on Fridays From June 12

Mumbai’s Bandra Kurla Complex (BKC) is preparing to launch a new program aimed at decreasing congestion and encouraging sustainable travel. Every Friday will be designated as ‘Public Transport Day’, with approximately 200,000 professionals encouraged to take the train, metro, or bus instead of driving their own cars. The program, a first-of-its-kind initiative centered on a major corporate district, will begin this week, on June 12.

Why was Friday chosen?

Around 90 BKC-based firms and organisations have shown their support in principle to the initiative. It is being implemented by the Mumbai Metropolitan Region Development Authority (MMRDA) in collaboration with BEST, Mumbai Metro Rail Corporation Limited (MMRCL), the Traffic Police, auto-rickshaw unions, and WRI India, according to the Hindustan Times (HT).

According to authorities, Fridays were chosen because work schedules are often more flexible near the end of the week, making employees more ready to try other transport options. Mondays were avoided since commuters are normally under more strain to get to work on time.

The MMRDA has also directed almost 2,000 employees and contract workers to engage in the campaign.

How long will the trial last?

Officials stated that the program will be rigorously watched for at least three to four months. During this time, authorities will assess difficulties every week and implement changes as needed.

The move comes after surveys and stakeholder consultations conducted in recent weeks. According to the findings, 82% of commuters would consider taking public transportation if services were more reliable, convenient, and well-connected.

What issues are commuters most concerned about?

According to feedback obtained during conversations, the most pressing issues concern last-mile connectivity from Aqua Line metro stations, pedestrian amenities within BKC, a lack of shade for pedestrians, and the need for more regular BEST bus services.

“Getting out of the metro station is quick, but finding a shared auto or a feeder bus to cover the remaining one to two kilometers inside BKC is a daily nightmare,” an executive from a big financial firm told HT.

“If last-mile connectivity isn’t smooth, people will naturally return to their vehicles. There is a need for robust bus services with frequencies of 5-10 minutes instead of the current 20-25 minutes.”

Why do so many commuters still use private vehicles?

According to MMRDA officials, poor last-mile connectivity remains a significant barrier.

“There are challenges with last-mile connection in BKC, therefore 52% of visitors still rely on personal cars, taxis, and auto-rickshaws. Furthermore, more than half of BKC’s 200,000 employees spend more than two hours commuting each day. We will also consult with the auto-rickshaw unions to ensure that this plan is effective,” an MMRDA official told HT.

According to studies provided during debates, 52% of commuters still rely on private vehicles, taxis, and auto-rickshaws, while only 25% use public transportation on a daily basis.

Experts cited poor last-mile connections from Aqua Line stations and insufficient pedestrian infrastructure as major causes for low public transportation usage.

What upgrades are planned?
Authorities and partner agencies have been working with BKC businesses to find urgent and long-term solutions.

Dedicated turning facilities for BEST buses at major junctions are one of the concepts being considered to increase service efficiency. Officials are also looking into whether internal roadways on large office campuses may be made pedestrian-friendly to provide shorter walking routes.

Urban mobility experts indicated that boosting walkability will be critical to the initiative’s success. They observed that walking in BKC is uncomfortable due to the broad concrete expanses and lack of tree protection, especially in hot weather.

Planners have proposed shaded pedestrian pathways, more tree cover, and better connections between metro stations and office buildings.

“There are long-term plans such as all-weather footpaths as well wherein we can have shades with plants overarching the roofs, mist blowers and plain footpath among other things,” an urban planner stated.

How will you persuade staff to participate?

Officials and corporate representatives have also explored incentives for behavioral change. Regular public transportation users could benefit from reward systems, recognition programs, and travel expense compensation.

“Meaningful change starts with each of us. My entire staff and I have committed to supporting this initiative by taking public transportation on Fridays. Dr Sanjay Mukherjee, metropolitan commissioner of MMRDA, told HT that even little changes can dramatically cut congestion and pollution.

Walking Project’s programme manager, Vedant Mhatre, applauded the effort, saying it might assist enhance both public transportation utilization and walking conditions in BKC.

“The project acknowledges the need to shift more trips to public transportation. We hope it will also provide an opportunity to make basic but significant changes to BKC’s walking infrastructure, such as safer junctions, better walking corridors, improved shading, and increased pedestrian comfort. These steps can considerably improve the experience of walking and taking public transportation. We are thrilled that MMRDA has taken the lead on this endeavor, and the Walking Project is eager to contribute feedback, suggestions, and practical improvements.”

Continue Reading

Locality Insights

Mumbai’s 7 Most Luxurious Areas and Property Prices 

Published

on

7 Most Luxurious Localities in Mumbai

Introduction

Mumbai offers a variety of options, from luxury real estate to mass housing constructions. The city offers housing options for people of all income levels and strikes the perfect mix between elegance and reality. Mumbai’s inexpensive cost of living, abundant employment opportunities, and advanced infrastructure make it a desirable destination for prospective homebuyers. If you’re looking for a home in a posh part of Mumbai, here are some of the city’s most expensive neighborhoods. 

Top 7 Posh Areas in Mumbai.

These are the top seven posh areas in Mumbai where buying a home can be quite expensive. However, the quiet surroundings and sea views from high-rise buildings are worth the cost. 

Juhu

Juhu, sometimes known as Bollywood’s Beverly Hills, is an upmarket enclave in Mumbai’s western suburbs. There are a range of independent builder levels and low-rise structures. The Arabian Sea to the west offers spectacular views of nature. Furthermore, the neighborhood has exceptional connection, superb infrastructure, and first-class amenities. 

Malabar Hill

Malabar Hill is another affluent suburb in Mumbai’s southern zone. Aside from being a prominent residential community. It is the most expensive site in Mumbai, situated on the city’s southern tip and offering views of the Arabian Sea on three sides. The primary attractions are Seaside Chowpatty and the Hanging Gardens. Furthermore, the area has a wide range of social amenities and world-class physical infrastructure. 

Cuffee Parade

Cuffe Parade, located at Nariman Point in the city’s south end, was constructed on 75,000 square metres of land on Colaba’s western bank. Today, it is one of Mumbai’s most affluent neighborhoods. Maker Towers, the World Trade Center, and the Taj President Hotel are among the region’s residential and business high-rises. What identifies it as a luxury neighborhood in Mumbai is the presence of first-rate amenities and well-maintained infrastructure. 

Bandra West

Bandra West is another Mumbai VIP area with a wide range of property options. It is especially well-known for its famous homes. In addition to being a rich district in Mumbai, it is a popular entertainment destination, having a variety of high-end restaurants, discotheques, and nightclubs. Furthermore, it is well connected to Worli by the Bandra-Worli Sea Link and has excellent medical services and schools. 

Pali Hill

Palli Hill is an upscale area named after the Pali village in Bandra. It runs across Naushad Ali Road (previously Carter Road) and has a variety of complexes, restaurants, and bungalows with steep and shallow sides. Furthermore, it boasts cutting-edge infrastructure and convenient access to all modern facilities. 

Worli

Worli, one of Mumbai’s four peninsulas, is a well-connected neighborhood in southern Mumbai. It is home to several celebrities. The region is surrounded by high-rise buildings with panoramic views of the Bandra-Worli Sea Link, the Race Course, and the Arabian Sea. Aside from being Mumbai’s most upscale neighborhood, it is home to a diverse range of commercial establishments, including restaurants, nightclubs, and shopping malls. Its proximity to commercial centers makes it a popular choice for office workers. 

Colaba

Colaba is another popular residential neighborhood in Mumbai. It is a separate district that acts as the city’s art and cultural center. Colaba is a heritage district that includes high-end boutiques, museums, theatres, art galleries, and colonial structures. Aside from its excellent connectivity, Colaba is home to some of the top educational and healthcare institutions. 

The Most Expensive Areas in Mumbai: Real Estate Prices

Mumbai is a booming metropolis with a steady demand for real estate. Scarce land resources due to surrounding water bodies aggravate competition and drive up housing prices. Real estate prices in Mumbai are higher in areas with scenic views, entertainment attractions, and commercial districts. Homebuyers must pay higher prices for properties in areas with adequate infrastructure, public facilities, transit networks, and convenient access to highways and airports. 

Price Trend of Posh Areas in Mumbai

While Mumbai is one of the most expensive cities in India to buy a home, some areas have exorbitant real estate prices. Cuffe Parade, Pali Hill, Bandra, Malabar Hill, and Colaba are some of Mumbai’s most expensive suburbs. However, high real estate prices may not always indicate a healthy property market. The Mumbai property market has slowed in recent years due to the pandemic and the economic downturn. Despite this, a premium neighbourhood in Mumbai continues to entice wealthy investors and buyers with its unique features. These neighborhoods offer class and distinction, which many homeowners are ready to pay for.

Continue Reading

Locality Insights

Mumbai’s Slum Reality: 50% Population, 24% Space

Published

on

Inside Mumbai Half of the City in Slums

Mumbai’s slum cover: Areas such as Mankhurd-Deonar, Dahisar and Malad have seen large-scale encroachments, according to new findings by the SRA

Slums now occupy nearly 24% of Mumbai’s land and house more than half of its population, according to findings by the Slum Rehabilitation Authority (SRA).

The survey also found that approximately 58 hectares of collector or government land had been encroached upon over the past 14 years. Officials noted that the total encroached area across land owned by other authorities could be significantly higher, as reported by the Hindustan Times newspaper.

To map the extent of encroachments, the SRA used satellite imagery and GIS, comparing images from 2000 with GIS data from 2011 and 2025.

The data has been shared with the Mumbai city and suburban collectorates. Additionally, the data will also be shared with the Mumbai Civic Body, the Brihanmumbai Municipal Corporation (BMC) and other land-owning authorities, including private landlords and central government establishments, the report said.

Affected areas in the Mumbai real estate market

The SRA findings reveal that more than 8,000 square metres of mangroves behind the World Trade Centre at Cuffe Parade in South Mumbai were encroached upon between 2011 and 2025. In Mankhurd-Deonar, a nullah has been almost entirely taken over, with slum structures covering over 18,800 sqm.

Ganpat Nagar in Eksar has seen encroachments exceeding 22,000 sqm since 2011, while large patches in Malvani have also been occupied, according to the SRA findings.

The SRA findings reveal that areas covering patches such as Masjid Bunder, Dongri, and Bhendi Bazaar in south Mumbai have recorded the lowest percentage of slum encroachments since 2011, while suburban pockets such as Kurla, Deonar, Malvani, and Dahisar have seen a much higher rise.

Mumbai’s population and land size

According to data released by Knight Frank India in September 2025, Mumbai’s population is 13.4 million, and the city’s land area is 437 sq km, with a density of 30,600 per sq km.

All about the Slum Rehabilitation Authority

The Slum Rehabilitation Authority (SRA) is a government body responsible for implementing slum redevelopment projects in Maharashtra. Established in 1995, it enables private developers to provide free housing to slum dwellers while allowing them to build and sell additional apartments on the same land to recover project costs. Instead of rehabilitating slum dwellers, developers obtain additional construction rights, enabling them to build more flats to sell in the open market.

What are slums, and are they legal?

Slums in Mumbai are densely populated informal settlements where residents often lack secure housing tenure and basic services like sanitation, water, and drainage. They house a significant portion of the city’s population, providing affordable living close to jobs, and remain central to urban planning and redevelopment efforts.

According to SRA rules, slums that arose before January 1, 2000, are eligible for free rehabilitation housing under the SRA scheme. However, slums built between January 1, 2000 and January 1, 2011, are protected from eviction but are eligible for rehabilitation on a construction cost payment basis, and slums that have come up after the 2011 cutoff are considered illegal and liable for action.

Continue Reading

Trending