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Sacred real estate can be India’s next booming sector

Scared real estate: After the Supreme Court’s Ram Janmabhoomi verdict, Ayodhya’s property rates surged, reaching Rs 1,500-3,000 per sq ft from Rs 400-700. This spike is part of a broader trend in sacred real estate driven by spiritual tourism. Amitabh Bachchan acquired a plot near the Shri Ram Janmabhoomi Temple. The rush for sacred real estate extends to Varanasi, Vrindavan, and other religious destinations, witnessing property booms. Spiritual tourism generated Rs 1.34 lakh crore in 2022, impacting places of worship. Developers and hotel companies are investing in luxury properties, presenting significant opportunities for real estate development.

Disclaimer: Content taken from The Economic Times e-news paper

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