In a significant real estate development, Bollywood icon Amitabh Bachchan has acquired a substantial plot in Ayodhya, Uttar Pradesh, ahead of the consecration ceremony of the Shri Ram Janmabhoomi Temple. This investment underscores the growing prominence of Ayodhya as a spiritual and cultural hub, attracting attention from notable personalities and investors alike.
Details of the Acquisition
Amitabh Bachchan purchased a 10,000-square-foot plot in “The Sarayu,” a 7-star mixed-use enclave developed by The House of Abhinandan Lodha (HoABL). The property is valued at approximately ₹14.5 crore.
Strategically located, The Sarayu is about a 15-minute drive from the Ram Temple and 30 minutes from the upcoming Ayodhya International Airport. Spanning 51 acres, this enclave is set to be officially launched on January 22, 2024, coinciding with the temple’s consecration ceremony.
Amitabh Bachchan’s Connection to Ayodhya
Expressing his enthusiasm for the project, Bachchan stated, “I am looking forward to embarking on this journey with The House of Abhinandan Lodha for The Sarayu in Ayodhya, a city that holds a special place in my heart.”
Born in Prayagraj (formerly Allahabad), Bachchan’s investment reflects a deep-seated connection to the region, blending personal heritage with the city’s evolving landscape.
Developer’s Perspective
Abhinandan Lodha, Chairman of HoABL, hailed Bachchan’s investment as a “milestone moment” for the company. He remarked, “His investment in our Ayodhya project reflects confidence in the city’s economic potential and deep appreciation for its spiritual heritage.”
This association is anticipated to elevate Ayodhya’s status on the global spiritual map.
Ayodhya’s Transformative Journey
The Supreme Court’s 2019 verdict granting Hindus the title to the disputed site has been a catalyst for Ayodhya’s rapid transformation. The city has witnessed a surge in infrastructure development, leading to a significant appreciation in property values. Average land prices on Ayodhya’s outskirts have risen to ₹1,500-₹3,000 per square foot, while prices within city limits have escalated to ₹4,000-₹6,000 per square foot.
The Sarayu: A Blend of Tradition and Modernity
The Sarayu enclave epitomizes the fusion of Ayodhya’s rich spiritual legacy with contemporary luxury. In addition to residential plots, the project will feature a five-star palace hotel, developed in collaboration with Leela Palaces, Hotels, and Resorts, aiming for completion by March 2028.
Conclusion
Amitabh Bachchan’s investment in Ayodhya signifies more than a real estate transaction; it reflects the city’s burgeoning appeal as a nexus of spirituality, culture, and modern development. As Ayodhya continues its transformative journey, such high-profile endorsements are poised to further elevate its status on both national and international stages.
