The emerging industry of spiritual tourism, which focuses on inner peace and connection with the divine, has gained popularity, especially after COVID-19. The Ayodhya Ram Mandir in Ayodhya is expected to become a hub for spiritual tourism, attracting thousands of visitors daily. The government s efforts to revive tourism sites and the contribution of tourism to India s GDP make it an attractive sector for investors. Stocks in sectors such as hotels, travel, telecom, and infrastructure are expected to benefit from the growth of spiritual tourism.
The real estate boom in Ayodhya has seen a rise in demand and inquiries. The temple town s economic viability, sentiment, and infrastructure have led to a 10-20% increase in land prices. Close to 15 hotel permits have been given, and Rs 30,000 crore has been invested in infrastructure upgrades. The entire region, including Kashi Vishwanath Corridor, Banaras, and Ayodhya, is expected to see a massive interest from developers and buyers. Ayodhya s real estate prices have soared, with a 6x to 10x increase in the last three to five years.
In the northern Indian city of Ayodhya, which was once marred by communal tensions, labourers are finalizing a $6 billion infrastructure facelift ahead of the opening of a grand Hindu temple that is igniting an economic boom - which some of Ayodhya's poor and its Muslim community say is passing them by, Reuters reported. City
Temple promised by BJP transforms Indian city but Muslims, some locals feel neglected arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.