THE HOUSE OF ABHINANDAN LODHA AND THE LEELA GROUP PLAN LUXE HOTEL IN AYODHYA

With investment exceeding Rs 450 crore, the company and Brookfield Group-owned The Leela Palaces, Hotels & Resorts have entered a partnership to develop a luxury modern palace hotel in Ayodhya at The Sarayu™, Ayodhya’s only 7- star luxury development. Thi

To meet the increasing demand for accommodation, the number of hotels in Ayodhya also need to rapidly increase. Consequently, more than 15 hotel project proposals have been approved, promising a massive increase to the current number. The Leela group of hotels and The House of Abhinandan Lodha have already partnered for an ambitious Rs 450 crore project in Ayodhya. Additionally, renowned hotel chains such as Taj, Marriott International, Radisson, Sarovar Hotels & Resorts, and Wyndham Hotels & Resorts have signed deals to establish hotels in Ayodhya. The city’s grandeur as a tourist destination will further elevate with the development of hotels, guesthouses, homestays and other accommodation facilities.

In this endeavour, HoABL has partnered up with Leela Palaces, Hotels & Resorts, a renowned subsidiary of the Brookfield Group.

The centrepiece of this investment is to be a luxury palace hotel in Ayodhya, a five-acre estate nestled along the banks of the Sarayu River. It is said to feature a hundred rooms, with completion expected by March 2028. Leela is charged with the supervision of the clubhouse, serviced villas, and serviced luxury apartments within the hotel complex, ensuring a seamless luxury experience for both guests and residents.

RELIABLE INVESTMENT OPPORTUNITY FOR REAL ESTATE

The government of Uttar Pradesh has set a goal to invest Rs 85,000 crore in the redevelopment of Ayodhya. The aim is to transform the temple town into an economic and tourism hub. The redevelopment will be carried out according to the Master Plan 2031 and is expected complete within ten years. Ayodhya is becoming an increasingly attractive destination for investment due to its changing landscape and potential for urbanisation. The real estate market in Ayodhya, particularly in the residential sector, has seen a significant increase in prices.

The entire region is undergoing development, presenting vast opportunities for future urbanisation. Ayodhya is just one of the tier-2 cities in India that is witnessing property price appreciation that is much higher than the top 10 cities.

Expressing his enthusiasm for the project, highlighting the opportunity to contribute significantly to Ayodhya’s growth while preserving its deep cultural roots. As India’s largest branded land developer, HoABL aims to play a pivotal role in elevating Ayodhya’s standing on both the national and international stage. Abhinandan Lodha, Chairman, The House of Abhinandan Lodha