IMPACT OF METRO RAIL PROJECTS ON COMMERCIAL DEVELOPMENT IN URBAN INDIA: A REVIEW
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IMPACT OF METRO RAIL PROJECTS ON COMMERCIAL DEVELOPMENT IN URBAN INDIA: A REVIEW
Authors:
Pramod Kumar Jha1 Dr. Manoj Bhatia2
1Ph.D Research Scholar, Department of Management, Sanjeev Agrawal Global Educational University, Bhopal, M.P.
2Dr. Manoj Bhatia, Department of Management, Sanjeev Agrawal Global Educational University, Bhopal, M.P.
Abstract: Metro rail systems have emerged as transformative infrastructure in Indian cities, addressing challenges of congestion, pollution, and mobility. Beyond their transport function, these projects are increasingly recognized for their capacity to shape commercial development and urban land use. This review explores the impact of metro rail projects on commercial growth in Indian cities, focusing on Delhi, Hyderabad, Kochi, Indore, and Meerut. The paper examines three theoretical lenses Transit-Oriented Development (TOD), land value theory, and hedonic pricing models to explain how proximity to metro infrastructure influences property values and retail patterns. Key findings show consistent commercial intensification within 0.5–1 km of stations, particularly when paired with supportive zoning and TOD policies. Hyderabad and Kochi demonstrate successful integration of non-fare revenue models and PPP frameworks, while Delhi showcases significant real estate appreciation. However, the review also identifies challenges such as business displacement, construction-phase disruptions, and unequal development across corridors.
Keywords: Metro rail, commercial development, Transit-Oriented Development, land value, urban planning, India.
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