Amitabh Bachchan buys plot for Rs 14.5 crore in Ram Temple city Ayodhya

The temple town of Ayodhya is experiencing a real estate boom as the industry is betting on tourism opportunities citing the Ram Mandir launch, scheduled on January 22

Amitabh Bachchan
Bollywood superstar Amitabh Bachchan seen in a file photo.
Nisha Anand New Delhi
2 min read Last Updated : Jan 15 2024 | 12:13 PM IST
Ram temple updates: Ahead of the Ram mandir's inauguration ceremony next week, Bollywood superstar Amitabh Bachchan has purchased a plot valued at Rs 14.5 crore in Uttar Pradesh's Ayodhya. Bachchan intends to build a home measuring around 10,000 square feet in 'The Sarayu', a 7-star mixed-use enclave in the holy city, according to the Hindustan Times.

The deal was finalised with the Mumbai-based developer The House of Abhinandan Lodha (HoABL).

Bachchan, on the deal, remarked that Ayodhya holds a "special place in his heart." "…This is the start of a heartfelt journey into the soul of Ayodhya, where tradition and modernity seamlessly co-exist, creating an emotional tapestry that resonates with me deeply. I am looking forward to building my home in the global spiritual capital," the 81-year-old Bollywood veteran said.


HoABL said they were thrilled about the deal and welcomed Bachchan as the "first citizen" of 'the Sarayu'. The place is located about 15 minutes away from the Ram temple.

Real estate boom in Ayodhya

Notably, the temple town is experiencing a real estate boom as the industry is betting on opportunities, citing the Ram Mandir launch scheduled for January 22.
With a focus on Ram Mandir, the government has an ambitious plan to transform the temple town of Ayodhya into a modern religious tourism hotspot. Accordingly, Prime Minister Narendra Modi launched development projects worth Rs 15,700 crore in Ayodhya and adjoining areas in December last year in a bid to realise this vision.

Maharishi Valmiki International Airport launched

He also inaugurated the redeveloped Ayodhya Railway Station as well as the newly built Ayodhya Airport, named Maharishi Valmiki International Airport. These measures are aimed at improving tourism facilities in the city, with the anticipated high influx of tourists with the inauguration of the Ram Temple.

The Yogi Adityanath-led government in the state has also launched various infrastructure projects to elevate the city's reputation, aiming to turn it into a global attraction. 

The modern transformation of Ayodhya is estimated to cost Rs 30,000 crore to the exchequer under the 'Ayodhya Vision 2047' theme. 

(With agency inputs)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Abhishek BachchanAyodhyaUttar PradeshReal Estate BS Web Reports

First Published: Jan 15 2024 | 12:13 PM IST

Next Story