District Magistrate Rajesh Kumar along with Municipal Council president Manisha Gupta unveiled the name plate at the naming ceremony held in the locality of Dhauli Pyau here.
Also present at the event were lyricist's two sons Manoj Shankar and Dinesh Shankar, who is a filmmaker, and his sister Amla Majumdar, among others.
Born in Rawalpindi, Pakistan, Shailendra, at the age of seven, along with family moved to Mathura to live with his brother.
He started writing poetry during these days. Filmmaker Raj Kapoor noticed him and offered him work but Shailendra refused.
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Later, however, Shailendra himself approached Kapoor.
During that time, Kapoor was filming "Barsaat" (1949), and two of the film songs had not yet been written. Shailendra wrote these two songs: "Patli kamar hai" and "Barsaat mein".
The team of Kapoor, Shailendra and music composer duo Shankar-Jaikishan went on to produce many other hit songs. The song "Awara Hoon" from the 1951 film "Awaara", written by Shailendra, became the most appreciated Hindustani film song outside India at the time.
Kumar said, "It is a matter of great pride for people of Mathura that it made a wonderful contribution to the world in the form of Shailendra.
The lyricist's popular works include "Awara Hoon", "Pyaar Hua Ikraar Hua", "Ramaiya Vastavaiya" , Aaj Phir Jeene Ki", "Piya Tose Naina Laage Re and "Ajeeb Dastan Hai Yeh.