AYODHYA PROPERTY
Celebrities are buying land in temple cities; but should you follow suit and buy property?
Celebrities are investing in temple cities like Ayodhya, drawn by cultural significance and potential for long-term asset growth. These spiritual hubs are experiencing rapid infrastructure development and rising tourism, driving property appreciation. Individual buyers should research economic fundamentals and infrastructure pipelines rather than solely following celebrity trends.
These large- and mid-cap stocks can give more than 20% return in 1 year, according to analysts
Has a peace deal been agreed on by the US and Iran? Will the fragile ceasefire hold? No one can answer these questions with any certainty. But whenever the war ends, the probability is that volatility will continue for a while in most emerging markets, including India. The reason we are saying this is because some sectors were facing headwinds even before the war began. And for others, things are not going to be easy.
Bhojshala row reaches SC as plea challenges HC order declaring site a temple
An appeal has been filed in the Supreme Court challenging a High Court ruling. The Madhya Pradesh High Court declared the Bhojshala-Kamal Maula Mosque complex in Dhar as a Hindu temple. The High Court had quashed a 2003 ASI order granting prayer permission to Muslims. Muslims can seek an alternative site for a mosque.
Bhojshala case: MP HC refers to 10 principles laid down by SC in Ayodhya verdict
The Madhya Pradesh High Court has referenced the Supreme Court's ten principles from the Ayodhya verdict. This is in relation to the Bhojshala-Kamal Maula mosque complex case. The court stated it considered archaeological and historical facts. It also looked at ASI reports and survey findings.
Uttar Pradesh weather update: IMD puts 42 districts on alert, warns of rain, thunderstorms and strong winds. Check Lucknow, Kanpur, Noida forecast
Uttar Pradesh rain forecast: Uttar Pradesh faces a 'red alert' as the IMD predicts thunderstorms and heavy rain in 42 districts, with some areas expecting hailstorms and winds up to 60 km/h. An orange alert is issued for 12 districts, while Lucknow has a yellow alert. These conditions are expected to bring relief from heat for the next five days.
From shortage story to cash-flow story: A sector ready for sustained re-rating? 5 power stocks with upside potential of up to 33%
In the power sector, the next cycle will not reward whoever has the most installed megawatts. It will reward whoever can sign the right contracts with the right customers. And deliver reliably for two decades. That is a different question from the one the last cycle answered. The companies that get re-rated on a sustained basis will be the ones that answer it correctly, not the ones that simply ride the demand headline.
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'Nari shakti' is the strongest pillar of Viksit Bharat: PM Modi in Varanasi
Prime Minister Narendra Modi on Monday said that his government's policies have consistently accorded the highest priority to women's welfare and "nari shakti" is the strongest pillar of Viksit Bharat.
Marriott bullish on India expansion plans, bets on spiritual tourism
Marriott International is aggressively expanding in India with 200 hotels in its pipeline, aiming to open around 50 this year. Despite near-term international travel disruptions from the West Asia crisis, the hospitality giant remains committed to its long-term growth strategy in the country.
The right mix: Annuity income, domestic focus and fresh demand. 6 power sector stocks with upside potential of up to 40%
The failure of the US and Iran to arrive at an agreement to end the Gulf war will only rattle global markets further. But even in the midst of all the uncertainty and turbulence, there have been some sectors that have displayed resilience. Focused on domestic demand with annuity-like income streams from regulated tariffs, these sectors offer stability when global risks loom. One such sector has long suffered customer payment woes despite growing demand, but now stands to benefit from a new development that will push demand higher, but with deep-pocketed clients and assured payments.
Amitabh Bachchan buys fourth property in Ayodhya. Latest land worth Rs 35 crore
Bollywood veteran Amitabh Bachchan has acquired a 2.67-acre plot in Ayodhya for approximately ₹35 crore from House of Abhinandan Lodha (HoABL). This marks his third property purchase with HoABL and fourth overall in the temple city, further solidifying his real estate interests near The Sarayu project.
Lemon Tree Hotels signs two new properties with RJ Corp Limited
Lemon Tree Hotels has signed agreements for two new properties with RJ Corp Limited, one in Ayodhya and another in Guwahati. The Ayodhya hotel will offer around 300 rooms, while the Guwahati property will feature 300 rooms and 50 serviced apartments, aiming to tap into the medical tourism segment.
Espire Hospitality Group to launch a new hotel in Ayodhya
Espire Hospitality Group plans to launch a new hotel in Ayodhya in Q4 2024, featuring 150 keys, with 50 keys offering luxury boutique resort experience and 100 keys offering mid-segment Country Inn Hotels and Resorts experience. The hotel will offer easy access to landmarks like Ram Janmabhoomi, Hanuman Garhi Temple, and Kanak Bhawan.
RealX helps 57 investors acquire commercial plots worth Rs 10.4 cr in Ayodhya
RealX, a fractional ownership platform, has facilitated the acquisition of 3,500 square yards of commercial land in Ayodhya for Rs 10.4 crore. A total of 57 investors participated, investing between Rs 50,000 and Rs 25 lakhs each to gain proportional ownership of the property. This approach democratizes access to high-value real estate, traditionally out of reach for many due to high costs and maintenance. RealX aims to expand this model, promoting diversification and potentially higher returns for investors in assets like real estate, yachts, and private jets.
Radisson Hotel Group strengthens footprint in Ayodhya with signing of 150-room Radisson Blu Hotel
This is Radisson Hotel Group’s second hotel in Ayodhya. Previously, it announced the opening of Park Inn by Radisson Ayodhya in January 2024.
Driven by surge in Ayodhya, Oyo to open 400 new properties in major spiritual hotspots
Budget hospitality chain Oyo plans to launch 400 new properties in major spiritual hotspots of the country, including Ayodhya, Puri, Shirdi, Varanasi, Amritsar, Tirupati, Haridwar, Katra-Vaishno Devi, and the Char Dham route. This move is in response to a surge in domestic travel and rising interest in spiritual tourism. The company aims to cater to the increasing demand for accommodation near key landmarks and religious sites.
Ayodhya Ram Mandir hikes property prices 900%: How much can you profit if you invest now?
Ayodhya Ram Mandir : The construction of the Ram Mandir in Ayodhya has triggered a real estate boom in Ayodhya. The prices of land in and around Ayodhya have skyrocketed — in some cases, five to 10 times the prices prevalent four to five years ago — according to several real estate players. Several townships and private hotels are expected to come up in the city in the next few years. Is it the right time to invest in real estate in the holy city? How much returns can you expect? Which are the areas where you should should you invest?
Sacred real estate can be India's next booming sector
Ayodhya has seen property rates skyrocket after the Supreme Court verdict in the Ram Janmabhoomi case which cleared the way for the construction of the Ram temple. In 2019, before the verdict, the prices were between Rs 400 to Rs 700 per square foot. Now, they have gone from Rs 1,500 to about Rs 3,000 per square foot. Similarly, outside the city, they were between Rs 1,000 and Rs 2,000 a square foot, now they have gone to Rs 4,000 to Rs 6000 a square foot.
Oyo inaugurates 65 hotels and homes in Ayodhya for pilgrims
Budget hospitality chain Oyo has inaugurated 65 hotels and homestays in Ayodhya, days before the consecration of the Ram Temple. The properties, with prices starting at Rs 1000, aim to provide comfortable and affordable accommodations for pilgrims and travellers visiting Ayodhya. Oyo has partnered with the Ayodhya Development Authority and the Uttar Pradesh State Tourism Development Corporation for smooth operations.
Amitabh Bachchan buys plot for his new home in Ayodhya. 5 points about the Saraayu Project
Amitabh Bachchan has acquired a 10,000 square feet plot in The Sarayu Project, a 7-star mixed-use development in Ayodhya, developed by The House of Abhinandan Lodha. Valued at Rs 14.5 crore, the purchase aligns with rising real estate interest ahead of the Ram Mandir consecration on January 22.
UP plans 1,000-acre township in temple town Ayodhya
The 'New Ayodhya', for which the state government has already secured land, will be India's first vastu-based township.
Ultimately we all are Hindus: D K Shivakumar on Ram Mandir celebrations by Karnataka govt
Karnataka Deputy CM D K Shivakumar defended his government's decision to celebrate the consecration ceremony of the Ram Mandir in Ayodhya, stating "ultimately we all are Hindus." He emphasised that religious symbols are public property and criticizes the BJP for selectively inviting leaders to the event. The Ram Mandir consecration is scheduled for January 22, with PM Narendra Modi in attendance.
Abhinandan Lodha Group plans Rs 2,000-cr luxury hotels in Ayodhya, Benares, Vrindavan
While several hospitality chains have signed pacts for properties here, there is no operational hotel in the luxury segment in Ayodhya yet. The new temple complex in Ayodhya has led to heightened infrastructure development and economic activities in and around the city. This is expected to boost not only tourism but also help the city emerge as a regional business and economic activity hub with improved connectivity.
5-stars to budget chain, hospitality industry flocks to Ayodhya to open new hotels
With the state government focusing on creating good infrastructure to connect Ayodhya with main cities like Lucknow and Gorakhpur and other major economic centres, hospitality industry players feel that the city will attract more tourists across all segments thereby providing opportunity to operate hotels at different price points, from budget to luxury, to cater to different segments of the market.
Oyo to open 50 hotels in Ayodhya
Oyo has announced it will expand its offerings with 50 new properties in Ayodhya this year. The properties will include 25 homestays run by homeowners and 25 small and medium-sized hotels. Oyo claims its data shows hotels onboarded on the Oyo platform independent budget hotels of a similar size double their revenue within three months.
4.3-magnitude earthquake hits near Ayodhya
"Earthquake of Magnitude:4.3, Occurred on 06-01-2022, 23:59:22 IST, Lat: 28.14 and Long: 83.14, Depth: 15 Km, Location: 176km NNE of Ayodhya, Uttar Pradesh," NCS tweeted.
Uttar Pradesh government identifies 1,100 acre land in Ayodhya for development
Land price and property-related transactions in the city have shot up by 50% after the groundbreaking ceremony for a grand temple to Ram was performed in August, people familiar with the matter said.
Digvijaya Singh thanks Uma Bharati after she acknowledges Lord Ram is not 'BJP's property'
"Ram's name and Ayodhya aren't BJP's property. It's for everyone, including those in BJP and those in other parties...from people of other religions and communities to those residing elsewhere in the globe. Those who have faith in Ram can voice their opinion on the issue," she said.
Locals hope Ayodhya rises as tourist hub
The Ayodhya district administration says more than 7,000 devotees offer prayers at the makeshift Ram temple every day.
Construction can't be done on 'waqf' land: Iraqi Shia cleric
The reference was sought in connection with UP Shia Central Waqf Board chairman Waseem Rizvi’s announcement that the disputed site in Ayodhya belongs to Shia Board and should be given for construction of Ram temple.
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