Mathura road which at one time was a mere road that connects Delhi to Agra has grown to an area of real estate in the Delhi-NCR territory. Population growth of the area in the past three years has been considerable, about 15-20%, thereby showing increased demand among the mass and classes. Due to this extraordinary population growth, a healthy appreciation of property values has occurred across the board, particularly in residential developments where value has increased by 30-35% and retail spaces at a phenomenal 40%.

Recent infrastructure upgrades have made the strategic positioning of the Mathura Road even more attractive than before. More importantly, the Delhi-Mathura Road has been rendered a signal-free road all through its stretch to Agra thereby easing travel time of commuters. There is now an effective matrix of connectivity created with the road's strategic positioning to the various mega infrastructure projects – its integration with Delhi Mumbai Expressway, Kundli-Manesar-Palwal (KMP) Expressway and Eastern Peripheral Expressway has transformed transportation logistics. The planned Jewar Airport also enhances its connectivity aspects. More importantly, with these peripheral expressways providing efficient ways for heavy traffic to bypass the area, the Mathura Road has been relieved of an enormous amount of congestion. It has drastically improved the attractiveness of the area as both a residential and commercial hub.Mathura road has been developing as a favorable place for enterprises in general and more specifically for the modern workplace sector. The figures for Coworking spaces have increased sharply, where many startups and established businesses have made Mathura Road their operational hub. This tendency has rippled backward boosting the local economy and creating a variety of job opportunities.

The region has attained special preference among IT companies, finance service providers and venture companies who have all set up their businesses along this attractive corridor. This proliferation of trade and commerce has in turn sparked off the emergence of business & IT parks which provide a healthy platform for professional development and business opportunities.A similar change is also taking place in the residential profile of the area along Mathura Road. With the expansion of business opportunities, quality housing units are in high demand. A large number of residential projects in different budget categories and lifestyle choices are offered by developers in the area. Such modern and spacious constructions combined with their sufficient social facilities make these projects attractive to live in. Integrated townships are changing the way urban living is experienced, making it comfortable with the right degree of peace and convenience.The investment prospects for Delhi-NCR's Mathura road are only getting better as there is a good balance of developed and undeveloped land. The returns have already benefited the early investors and the market indicators suggest good conditions for investment both in the short term as well as long term. The path of growth of this region is also aided by various development works being undertaken in the region such as new roads, expansion of metros and establishment of retail space.

The region is expanding due to the growth in social infrastructure where there are new schools, new hospitals, and new recreational facilities. Such a development strategy implies that Mathura Road is changing into a micro-market that is looking after itself. The growth of the corridor is anticipated through the government’s smart city projects and urbanization strategies.Despite the existence of challenges, the development story of Mathura Road overall will be hard to ignore. The mix of residential and commercial development with adequate infrastructure development has the potential of making this corridor truly an ideal case of urban development. The variety of uses ascribed to the corridor has helped anchor it from being a mere transit corridor to today's active urban usage.This evolution has put this region of Delhi-NCR in a good position to capture developers, investors and end users on the back of given factors. Due to the availability of established businesses, integration, and access to sophisticated facilities, the favorable environment will remain to be more attractive to investors. It is a good example of what well-developed urban zones may become as the region evolves indicating that India’s real estate future is likely to be associated with systematically built up thruways.This article has been written by RC Gupta, MD, RPS Group (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Times Network.)