New Delhi: With the decks cleared for construction of ‘Heritage city’ in Mathura on both sides of the Vrindavan corridor, property markets in the region are set for rapid strides in the next few years.
Vrindavan corridor will provide a one-of-its-kind pilgrimage to thousands of devotees descending to Lord Krishna town while real estate properties as well as commercial establishments will also see an unprecedented boom in years to come.
The Allahabad High Court recently gave its nod for the construction of a special corridor for Mathura’s Banke Bihari temple.
About upcoming Vrindavan corridor
The Vrindavan corridor, to be built on lines of the Kashi Vishwanath temple corridor, will be built by the Uttar Pradesh government at a cost of Rs 262 crore.
The corridor, once developed, will provide a historic opportunity for the Lord Krishna devotees to assemble in the city in large numbers. It will facilitate the assembly and coming together of 10,000 devotees at a time while providing them with clear & convenient routes for reaching the Lord Krishna temple.
The Vrindavan corridor will be a 7 km long dedicated Greenfield expressway, establishing direct connectivity between Yamuna Expressway Authority and Banke Bihar temple.
The green corridor will be a six-lane highway with 100-meter road width. It will start near Vrindavan exit on the Yamuna expressway and will culminate around 1.5 km before the Banke Bihari temple
About proposed ‘Heritage City’
The ‘Heritage City’ proposed on both sides of the green Vrindavan corridor will depict the times and life of God Sri Krishna and will also be a big draw of the region.
The Heritage City project is set to be cleared in the next few Board meetings of Yamuna Expressway Industrial Development Authority (YEIDA), which will then be put before Chief Minister Yogi Adityanath. The much-anticipated project will be built on the basis of the Public-Private partnership (PPP) model.
The ‘Heritage City’ will not only push up property prices of the region exponentially but will also mark the onset of festivities here.
The heritage city will depict the times and life of God Sri Krishna on both sides of the Greenfield expressway. A temple on the lines of Delhi’s Akshardham will be erected here and will host a 100 ft statue of Lord Krishna. Museums, laser & light shows have been planned while an amphitheatre has been proposed to host festivals at regular intervals.
How investors see the realty market surge
Amit Modi
Amit Modi, the Country Group director, opines that the green corridor connecting the Yamuna Expressway with Banke Bihari temple will create a seamless & hassle-free connectivity between Delhi-NCR and smaller towns like Mathura & Agra. He believes that this will pave the way for the influx of not just tourists but also capital & investments, which will, in turn, give the region’s reality market a big makeover.
Sanjay Sharma
SKA India Group director Sanjay Sharma says that the Vrindavan corridor & Heritage City will be a game-changer in boosting the property market as well as transformation of this region. This will see a convergence of big investors & traders from Delhi & satellite cities, including Gurugram, Noida, Greater Noida & Faridabad while those from smaller cities like Agra, Mathura, and Bulandshahr will see merit in investment here. The coming together of big realtors from Delhi and small retailers from small towns will bring an unprecedented change in the region.
Yash Miglani
Yash Miglani, the Managing Director of Migsun Group, said that the opening of a dedicated corridor to Banke Bihari Temple will see a huge influx of devotees to the holy town. This will give a big impetus to religious pilgrimage and, in turn, will positively impact the region’s economy. The adjoining areas of Mathura & Vrindavan will also see a spillover effect and benefit from the mushrooming realty market.
