News & Media

November, 15


THE ECONOMIC TIMES Mathura and Vrindavan experiencing big boom in real estate investment It's not just the natives, even tourists visiting the cities of Mathura and Vrindavan are looking at these cities from the view of investing in real estate here. No wonder then these areas are experiencing a big boom. In the last few months, real estate has seen a big boom in the Braj region, including Mathura and Vrindavan. This trend can be attributed to several factors. Being major tourist destinations in Uttar Pradesh and also being near to National Capital Region ( NCR), the assurance of no loss of investment is driving people to buy property here. The charm of living in a world renowned city where shopping malls, residential townships, commercial centers, farm houses and resorts are sprawling is a dream for many and many are making it true. The industry has climbed new heights in the last four months. Real estate experts confirm that the industry will grow at a rate more than 40 percent and will continue to grow till the next four to five years. It is said that the satellite towns near these cities can come up in coming times with inflow of public into these cities. Agra traffic has increased many folds and many real estate investors are eyeing its peripheral areas to built townships, especially beside the National Highway that will provide greenery and space to their consumers. Hariom Sharma, a property consultant , says, "I have studied the curve of property in this region and after a slump till five years, now it is rising and is expected to continue in the times to come." If one considers Mathura and Vrindavan, numerous government developmental projects too eye the tourist investment into property. Governmental real estate projects have also started in these tourist towns adjacent to private townships. Property experts say tourists who come here want to stay here for life. Especially international tourists want to live in the holy cities of Mathura and Vrinadavan and many have started buying farm houses and houses also. In Agra, the Agra Development Authority's Taj Heights, which boasts a balcony look of Taj Mahal to its consumers, can be the dream home for many. A property dealer informs that the region's development plans now have turned focus to the potentially upcoming physical infrastructure development. This sure is a positive sign for the rise of these places on the realty map.