We investigate the cosmological implications of the Friedmann-Robertson-Walker (FRW) model having a flat-spatial section with barotropic fluid. We examine the resulting cosmological scenario obtained by solving the continuity equation. The model may yield the accelerating universe expansion from the transition of decelerated phase, subjected to the best fit values. We confront the cosmological model with the recent observational data, namely the Observational Hubble Data (OHD) and Supernovae type Ia (SN Ia) data. The model exhibits good agreement with these observational data sets. For the best fit values of the model parameters, the universe approaches to the Λ cold dark matter (ΛCDM) model in the distant future. Energy conditions except strong energy conditions are satisfied in the model. Analysis of the equation of state (EoS) parameter and statefinder diagnostic highlight that the phantom scenario does not arise for the best fit values. The universe is free from the finite-time future singularities in the model.
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