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Why you should do property investment in Prayagraj

Known as the land where three rivers meet, Prayagraj is a metropolis in the Indian state of Uttar Pradesh. Popularly known as Allahabad, it is the most populous district of Uttar Pradesh. The city also functions as the judicial capital of the state. It has seen major developments in recent years and has been ranked as the third-best place to live after Noida and Lucknow in Uttar Pradesh. Thus, many developers have been coming in with the best properties to live and invest in Prayagraj.

The city is quite ancient and has seen many epochs of momentous changes. Let us glance at its rich and varied history.

A glimpse of the History of Prayagraj

The city finds its earliest mentions in the Rigveda and the Pali scripture, Majjhima Nikaya. The location at the confluence of the Ganges and the Yamuna has been known as “Prayaga”  which means sacrifice. Prayagraj was also known as Kosambi in later Vedic times, named by the Kuru rulers of Hastinapur, who made it their capital. Prayagraj was also one of the bustling cities till the later Mauryan Period. Since then, the city has been a political, cultural and administrative centre of the Doab (land between the Ganga and the Yamuna) region.

Prayagraj or Allahabad was a provincial capital in the Mughal empire under the reign of Jahangir. It is said that Mughal Emperor, Akbar laid the foundation of the city, then known as Ilahabas, which was later changed to Allahabad by Shah Jahan.

Prayagraja is also one of the sites for the world-famous Kumbha Mela- the largest gathering of people on a pilgrimage. Let us look at the reasons which make Kumbh Mela special.

What is so special about Kumbh Mela?

The origin of Kumbha Mela lies in mythology. It is said that the Devtas (deities) and the Asuras (demons) worked together towards a common goal of “churning the sea” or “Samudra Manthan” which was believed would provide Amrit (Nectar) that would grant immortality to anyone who drinks it.

‘Kumbh” means the pot in which the Amrit was stored. When the Kumbh came out of the churning, Lord Vishnu fooled the demons and gave the pot to the deities. As the Lord took it, a few drops of Amrit fell at four places on the earth, which wereblessed, and these four places are the sites where Kumbh Mela is held. It is believed that the rivers at these sites were also blessed and whoever takes a dip in these blessed rivers will attain Moksha or Nirvana.

The four river sites are Prayagraj (theconfluence of the Ganga, the Yamuna, and the mythical Saraswati), Haridwar (the site of the Ganga River), Nashik (theGodavari River) and Ujjain (the site ofthe Shipra River). These became the sites where Kumbh Mela is held every 12 years in rotation.

But this is not the only attraction of Prayagraj. Let us look at the other major attractions in Prayagraj.

The top five major attractions in and around Prayagraj

Famously known for the Kumbh Mela, Prayagraj also has many other tourist destinations which encompass its rich history and culture. Let us look at the five major attractions in and around Prayagraj.

Allahabad Fort

Built in 1583, the fort stands at the site of Triveni Sangam, the place where the three rivers meet. The fort was constructed by Akbar as he was fascinated by the brilliance of the city. Classified by the Archaeological Survey of India as a monument of national importance, the fort has Mughal motifs and inscriptions as part of its architecture. One cannot fail to enjoy the majesty of the fort when in Prayagraj.

Chandrasekhar Azad Park

Built in 1870 and spread over a massive area of 133 acres, the park was also called Alfred Park as it commemorated the visit of the eponymous prince to the city of Prayaygraj in the same year. The park was renamed as Chandrasekhar Azad Park to honour the freedom fighter with the namesake who gave his life in the same park fighting the British.

Today, the massive green lawn is a fun spot for travellers and locals alike. Sit, relax, or organize an elaborate picnic, the place makes for a great recreational outing while you learn about an important event in Modern Indian History.

Jawhar Planetarium

Built in 1979 and situated by another iconic building, Anand Bhavan, the Jawahar Planetarium is a perfect intermingling of science and history. A wonderful place to learn about the movement of planets, the place organises ‌many shows and lectures to enrich our understanding of the universe. A visit to the planetarium is a must if you are visiting or reside in Prayagraj.


131 km from Allahabad, Sarnath is a small, quiet, and spiritual town in Uttar Pradesh. It is the place where Gautam Buddha gave his first sermon at the age of 35 in the year 528 BCE. A historical marvel, the city is famous for numerous Buddhist Stupas, excavated ancient sites and beautiful temples that are steeped in history and religiosity. One must definitely visit this town when in Prayagraj.


Close to Sarnath, Varanasi is the oldest living city in the world. Situated at the banks of River Ganga, Varanasi holds a special place in the Hindu tradition of pilgrimage, death, and mourning. The city has been a prominent musical and educational centre since ancient times. Books like Ramcharitmanas, which are an integral part of the Hindu scriptures and tradition, and the classical music of Benares Gharana,originated in this magnificent city.

Varanasi is famous for its numerous ghats or embankments that are steeped in mythology, spiritualism, and divinity. Some ghats like Dashaashwamedh and Manikarnika are must-visits, just for the ambience, let alone the spiritual and religious significance that they have.

All these attractions not only make Prayagraj a great tourist destination that is bustling with vitality and spirituality but also an excellent place to live. The city has seen many real estate builders crop up, which are trying to cater to the evolving needs of the denizens of the city which makes real estate investment in the city a lucrative option. Let us explore some of the reasons which currently make Prayagraj a suitable place for real estate investment.

Is 2023 a good time for property investment in Prayagraj?

The year 2022 has seen a year-on-year increase of 6% across 8 cities in residential real estate. There has also been a significant increase in prices in Tier II cities like Prayagraj. Let us look at some of the reasons why you should consider best property to invest in Prayagraj.

Infrastructure and Connectivity

Prayagraj has its own airport, while it also connects with other cities like Varanasi, Lucknow, Kanpur through roads and these cities have their own airports too.

Allahabad railway junction is a well-connected junction in north India. The North Central Railway zone headquarters is here. National Highway Two also passes through the city.

The new bridge over Yamuna connects the old part of the city to the new part of Naini. National Waterway-1 connects Allahabad to Haldia in West Bengal.A metro railway project has also been proposed, which will further boost the real estate rates in the city.

Upgrading lifestyle

Prayagraj is not just famous for Triveni Sangam but has a host of other famous sites like Alfred Park, Minto Park, Ashoka Pillar etc. which are replete with historical significance and are also perfect recreational spaces to unwind. People in Prayagraj have also been exposed to a high-end lifestyle through their trips abroad and this will lead to an increase in demand for shopping spaces, movie plexes, hang-out places and luxury commercial or retail spaces in the coming days.

This will help appreciate your real estate investments. Omaxe with its projects, is well placed in the city to help your wealth grow manifold. Let us explore some of the best properties to invest in of Omaxe in Prayagraj.

Omaxe Shiva – Omaxe Shiva lies close to Triveni Sangam – the site of the confluence of three rivers. This is a perfect place to unwind, relax and put your feet up in the cradle of nature. The latest iteration of the project- Omaxe Shiva Phase III has 3 BHK premium floors with all the features and amenities required for modern and comfortable living which also makes it an attractive investment option.

Omaxe Aananda– Close to Triveni Sangam, Omaxe Aananda staying true to its name provides perfect bliss in the land of three rivers. With options of 2 and 3 BHK apartments ranging from 1140 to 1485 sq. ft., the project offers remarkable architecture that combines the cultural elements of the city in its design. The project offers up-to-date amenities and is well-connected with all the important places of Prayagraj. These features not only make it a perfect dwelling place but also a great investment option.

A city steeped in culture but a forward-looking city …

Prayagraj is a city that has a rich history and culture, but the people of the city are oriented towards the future. They are looking to work in multinational companies which are sinking their teeth into the city. With it comes the demand for improved lifestyle options leading to a demand for residential and commercial spaces

The city is on the route of fast-paced development that can be inferred from its ever-growing infrastructure. The proposed metro will also bring a lot of new real estate investments into the city as new avenues open for builders. People looking to increase their income cannot miss the opportunity that this city offers.

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