Amitabh Bachchan buys land in Ayodhya for Rs 14.5 crore

Amitabh Bachchan

New Delhi: Bollywood megastar Amitabh Bachchan has purchased a plot of land in Ayodhya, the holy city of Hindus and the birthplace of Lord Ram, for a whopping Rs 14.5 crore. The land is part of a project called ‘The Saryu’, which is being developed by House of Abhinandan Lodha, a leading real estate company based in Mumbai.

The Saryu project

‘The Saryu’ is a luxury residential and hospitality project that aims to offer a spiritual and cultural experience to its residents and guests. The project is spread over 45 acres of land and will have a mix of villas, apartments, and a hotel. The project is located on the banks of the Saryu River, which is considered sacred by Hindus.

The project is scheduled to be launched on January 22, 2024, coinciding with the auspicious occasion of the consecration of Ram Lalla at the Ram temple. The Ram temple is being constructed at the site where the Babri Masjid once stood, and where Hindus believe Lord Ram was born. The Supreme Court of India had given the verdict in favour of the Hindus in 2019, paving the way for the construction of the temple.

Bachchan’s statement

Bachchan, who is one of the most revered and influential actors in India, said that he was delighted to buy land in Ayodhya, as the city holds a special place in his heart. He said that he looked forward to starting his journey with the House of Abhinandan Lodha for ‘The Saryu’ project and making his home in the global spiritual capital.

“I look forward to starting this journey with the House of Abhinandan Lodha for ‘The Saryu’ in Ayodhya. A city that holds a special place in my heart… I look forward to making my home in the global spiritual capital,” Bachchan said in a statement.

Abhinandan Lodha’s statement

Abhinandan Lodha, the chairman of the House of Abhinandan Lodha, said that he was honoured and grateful to have Bachchan as a customer and a partner in the Ayodhya project. He said that Bachchan’s investment in the project reflects his confidence in the economic potential and the spiritual heritage of the city.

He also said that the company has signed a memorandum of understanding (MoU) with The Leela Palace, Hotels & Resorts, a renowned hospitality chain, to build a modern palace hotel in Ayodhya. The hotel will offer world-class amenities and services to the visitors of the city.

Mr Bachchan’s investment in our project is a testament to his faith in the economic potential and the spiritual heritage of Ayodhya. We are honoured and grateful to have him as our customer and partner. We are also delighted to announce our collaboration with The Leela Palace, Hotels & Resorts, to create a modern palace hotel in Ayodhya, which will cater to the discerning travellers who seek a unique and immersive experience in the city,” Abhinandan Lodha said in a statement.

House of Abhinandan Lodha’s plans

House of Abhinandan Lodha is a prominent real estate developer who has a presence in Mumbai, Pune, Bangalore, and Hyderabad. The company has a portfolio of residential, commercial, retail, and hospitality projects, and is known for its quality and innovation.

The company had announced its plans to invest Rs 3,000 crore in Uttar Pradesh, the state where Ayodhya is located, to develop integrated townships. The company said that it will invest Rs 1,000 crore in Ayodhya alone, and the rest in other cities such as Lucknow, Varanasi, and Allahabad.


The company said that its vision is to create smart, sustainable, and spiritual living spaces that will enhance the quality of life and the economy of the state. The company also said that it will contribute to the social and environmental development of the state, by creating employment opportunities, supporting education and health initiatives, and preserving the natural and cultural heritage of the state.