Real Estate Boom in Maharashtra Fueled by Ayodhya Celebrations: Builders Offer Free Flights and Stamp Duty Waivers

The much-anticipated consecration of the Ayodhya Ram temple idol has triggered a surge in enthusiasm, with enterprising real estate firms in Chhatrapati Sambhajinagar capitalizing on the occasion.

One realtor, selling 4 BHK row-houses in the Satara area, is offering complimentary air travel to Ayodhya for those booking units on Monday. Despite the lack of direct flights from Chhatrapati Sambhajinagar to Ayodhya, eligible homebuyers can break the journey in Delhi, with the realtor covering the estimated fare ranging from Rs 10,000 to 15,000.

Another real estate agent, selling flats within the city, entices buyers with a promise of a stamp duty waiver for bookings made on the day of the Ram Lalla’s idol consecration. The standard stamp duty, usually around 7% of the total property cost during registration, will be waived.

Vikas Chaudhary, president of the local chapter of the Confederation of Real Estate Developers Associations of India (Credai), highlighted that some builders and developers are leveraging the occasion of Ram idol Pran Pratishtha to attract buyers, comparing it to schemes offered during major festivals like Diwali and Gudi Padwa.

Simultaneously, approximately 196 temples in various parts of Chhatrapati Sambhajinagar and its surroundings have organized diverse religious events for January 22. Among them, 33 temples dedicated to Lord Ram, with 26 declared “sensitive” by the police. Enhanced security measures, including police personnel, drone cameras, home guards, and special forces, are being deployed.

Various religious groups, social organizations, and public leaders have arranged ‘kalash yatras’ and ‘shobha yatras’ to mark the occasion. A merchants’ group from the Bhande Galli area has imported special bronze idols of Lord Ram, Sita, Lakshman, and Hanuman from Aligarh, Uttar Pradesh, adding to the grand celebrations planned for Monday.