The government decided to sell the Delhi Development Authority (DDA) flats to employees of Public Sector Units (PSU's) and semi-PSU's like the BHEL, among others.

It is broadly situated between Pandav Nagar and Old Patparganj to the north, Mayur Vihar Phase 1 extension to the south and Trilokpuri to the east, with the Yamuna flanking it on the west.

Now, the area is considered to be an expensive real estate market with the availability of two metro lines apart from the proximity to both the central business districts of Connaught Place, New Delhi - Barakhamba Road to the east and Sector 15-18 of Noida to the south.

The economic activity taking place within the area primarily emanates from property renting and leasing, the large number of food and beverage outlets that line the Shashi Park Road and Patparganj Road, as well as the numerous fashion & lifestyle outlets (including major brands such as Raymonds, Jockey, and Woodlands) on Patparganj road centering around Acharya Niketan.

The 5.5 km-long Chilla elevated corridor Mahamaya Flyover in Noida Sector 18 and Mayur Vihar is set to be ready in 2022 with a reduced project cost of Rs.

The flyover will rise from near the Mayur Vihar Phase-I and run till Sector 18, Noida.

It will connect Sarai Kale Khan and it's interstate bus terminus in South Delhi with Mayur Vihar-I in the east, significantly reducing the travel time between two sides of the Yamuna.

The flyover is expected to reduce travel time for commuters between east and south-east Delhi – eventually easing vehicular congestion across the Capital.

[3] One of the oldest and most prominent temples is Shri Subha Siddhi Vinayaka Mandir on Shahid Khudi Ram Bose Marg in Pocket 3.

The Mayur Vihar Kali Bari is the venue where the Bengali Hindu community celebrates all of their major religious festivities including Durga Puja.

Other major Hindu places of worship include two large Jain Mandirs and the Shirdi Sai Temple.

The restored Sikh Gurdwara on the east side of Pocket III near the police station on Shahid Khudiram Bose Road is the largest.

There is a large Masjid on Patparganj Road in Adarsh Mohalla, in front of the P Block of Pandav Nagar.

Across the many green zones in the area, local residents doing exercise in the morning, playing cards (by senior citizens) and cricket by youngsters during the day are a regular sight.

The whole area is divided into "pockets" alphabetically named A, B, C, D, E and F. The Sanjay Jheel Park increases the aesthetic sense of this complex forming the boundaries of the locality on two sides, NH24 one and East Vinod Nagar and Kalyan Vas the fourth.

Residents have easy access to hospitals, nursing homes, clinics, diagnostic labs, and chemist shops.

Nearby areas like Vinod Nagar, Kalyan Vas, Trilokpuri, Kalyan Puri and Pandav Nagar, provide much necessary support on utility services, housekeeping and hardware, wholesale groceries and flea markets (mandis) etc.

While Phase II has acquired a cosmopolitan character over the years, a sizeable residential population of individuals from diverse religious groups and regions of India makes it offer a rich multi-cultural environment and rich diversity unique in its kind to the people living in the place.

Mayur Vihar-3 also consists of Janta Housing Complexes which lie near the main bus stand.