The prices of the land near the Ramappa Temple in Telangana increased dramatically in the last few days. The rise in prices was after the United Nations Educational, Scientific and Cultural Organization (UNESCO) declared the historical Ramappa Temple as a World Heritage Site.
After the announcement recently, the prices increased significantly with 100 % rise in just one week. After being declared as the World Heritage Site, the Ramappa Temple area would witness important development like tourism, housing and other hospitality growth.
According to sources, after the declaration of the UNESCO, the agricultural lands around the temples are now available at a cost of Rs. 45 lakh per acre, which was previously cost around Rs. 25 lakhs.
The property prices along the 6 km corridor near the temple between Palampet and Venkatapur doubled within a week. A record number of land transactions have also been recorded recently.
In addition, the interest of the real estate companies also witnessed a rise with the number of residential and commercial establishments. In addition, 5 star hotels, restaurants and other industries of the tourism sector are expected near the temple.
With this, the areas near the Ramappa temple would see a massive growth and new ventures soon.
Meanwhile, it is to be noted, the rise in the prices of the lands near the temple is expected to rise for the next two weeks.
Stay tuned for further updates.