20-01-2024 10:56 AM | Source: PR Agency
Expert Views on Real Estate Boom in Ayodhya by Mr Vimal Nadar, Senior Director, Research Colliers India
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Below the Expert Views on the Real Estate Boom in Ayodhya by Mr Vimal Nadar, Senior Director, Research Colliers India
Major physical and economic infrastructure development initiatives are underway in and around Ayodhya. The recently operational international airport complements the several developments including road, hotels, hospitals to make Ayodhya a preferred religious tourism destination. These developments are already having a trickle-down effect in generating ample employment opportunities especially construction and transportation & logistics. However, the city will hold immense unleashed potential as it undergoes a major economic transformation as ample business avenues will open in the form of lodging & boarding, parks and ancillary services related to tourism. This metamorphosis of the city will thus have a significant bearing in unlocking value potential across the real estate value chain including housing, commercial and retail.
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