Bollywood icon Amitabh Bachchan has made headlines thru way of way of purchasing a widespread plot of land in Ayodhya, just before the pran-pratishtha of Bhagwan Ram Lalla at the Ram Mandir. Bachchan expressed his intention to build a luxurious residence on this plot, acquired from a Mumbai-based builder. The 51-acre land in Ayodhya is part of a larger project – a 7-star enclave named ‘Sarayu Enclave,’ set to include villas, plots, high-rise buildings, and a 5-star hotel.
1. Land Purchase and Luxurious Plans:
- Amitabh Bachchan secured a plot in Ayodhya for a grand residence before the consecration ceremony of Lord Ram’s idol at the Ram Mandir.
- The plot, measuring 10,000 square feet, was acquired from the ‘House of Abhinandan Lodha,’ a prominent Mumbai builder.
- The Ayodhya project, ‘Sarayu Enclave,’ encompasses a 7-star enclave development, featuring a 5-star hotel among other luxurious elements.
2. Sarayu Enclave Project Details:
- Spread across 51 acres in Ayodhya, ‘Sarayu Enclave’ is a mega project initiated by Abhinandan Lodha.
- The development includes plush villas, luxury flats, and the construction of a 5-star hotel.
- Expected to be completed by March 2028, the project is a testament to Ayodhya’s growing prominence.
3. Amitabh Bachchan’s Plot and Investment Value:
- The plot purchased by Amitabh Bachchan is valued at approximately ₹14.5 crores, with an expansive area of 10,000 square feet.
- The Bollywood legend plans to construct a lavish residence for himself on this prime piece of Ayodhya real estate.
4. Rising Property Values in Ayodhya:
- Over the past few years, Ayodhya has witnessed a substantial increase in property prices.
- Post the Supreme Court’s decision on the construction of the Ram Mandir in August 2019, land values in the vicinity of the temple site have surged.
- Prices for vacant land within a 5-10 km radius of the Ram Janmabhoomi are reported to range from ₹2,000 to ₹20,000 per square foot.
5. Ayodhya Development Authority Initiatives:
- The Ayodhya Development Authority is actively involved in developing areas outside the city, focusing on Ring Road and residential land.
- As land availability decreases, property rates continue to soar, making Ayodhya an attractive destination for both domestic and international investors.
Amitabh Bachchan’s investment in Ayodhya underscores the city’s growing significance and attractiveness for real estate development. As the ‘Sarayu Enclave’ project takes shape, Ayodhya continues to witness increased interest from investors, reflecting a positive economic outlook for the region. The upcoming consecration of Lord Ram’s idol adds cultural and spiritual importance to Ayodhya, making it a focal point for both property developers and celebrities seeking a piece of its rising allure.
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