Investors have entered into multiple agreements to make substantial investments in the hospitality sector in Ayodhya, capitalizing on the significant potential for religious tourism with the upcoming Ram Temple. Well-known hotel brands are setting up their establishments in Ayodhya, and around 50 major hotel construction projects are presently in progress in the city, according to official sources.
With numerous small-scale hotels, resorts, and homestays making investments in the area, Ayodhya is establishing itself as a burgeoning hotspot in the hotel industry.
Moreover, well-maintained highways and roads, wall paintings portraying the life of Lord Ram, decorative facade lighting, and an impressive entrance embellished with Victorian lamps enhance the allure of Ayodhya.
According to Divisional Commissioner of Ayodhya Gaurav Dayal, 102 intent agreements worth about INR 18,000 crore were signed for tourism in Ayodhya during the Global investment summit.
Mega Projects Shaping Ayodhya’s Future
Even after the GIS, many entrepreneurs have submitted their proposals to the government and district administration for the investment in the tourism sector in Ayodhya, he added.
Currently, there are 126 ready-to-be-implemented projects related to tourism in Ayodhya.
Of the 126 projects, 46 have signed MOUs, while 80 are non-MOU related. The total cost of all these 126 projects is around INR 4,000 crore.
Dayal said that around 50 renowned hotels have invested in Ayodhya for large-scale projects, and the construction of their buildings is underway. These hotels include Taj, Marriott, Ginger, Oberoi, Trident, and Radisson, and they will soon be completed and operational.
There are plans to develop the ‘Raja Ki Building’ as a heritage hotel, with a major hotel chain expressing interest in investing in this project.
Apart from these, a significant number of small and large hotels are likely to commence operations in and around the Ayodhya region. These hotels will ensure the accommodation for a large number of devotees and tourists visiting Ayodhya.
Ayodhya is set to witness an investment of approximately INR 420 crore through the four large projects in the hotel industry. The first on the list is Panche Dreamworld LLP, which will establish the ‘O Rama Hotels and Resorts’ project at a total cost of INR 140 crore.
Innovators Digital Ads Pvt Ltd will build Solitaire Ayodhya 5 Star hotel for INR 100 crore, Evergreen Infrastructure will establish Shri Ramya Hotel with an investment of INR 90 crore and Samruddhi Swastik Trading and Investment will set up the ‘Vishranti Grah’ at an investment of INR 86 crore, officials said.
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