Abstract:
India’s metro rail systems have emerged as transformative urban infrastructure, reshaping mobility patterns and influencing real estate development. In Tier-2 cities like Nagpur, the metro presents a timely opportunity to guide planned urban expansion and improve accessibility. This study focuses on assessing the impact of Phase-1 of the Nagpur Metro—operational since December 2022—on residential real estate along the transit corridor within the Nagpur Municipal Corporation (NMC) limits.
The research examines how metro connectivity influences land value appreciation, residential development intensity, and investment patterns within a 500m–1.5km buffer around the metro line. Using GIS-based spatial analysis, bid-rent curve modelling, and temporal mapping of Maha RERA-registered projects (2015–2024), the study identifies emerging real estate clusters and evaluates the spatial correlation between proximity to metro stations and residential market activity. Primary survey data, including metro ridership trends and travel behaviour, is also integrated to understand the relationship between mobility preferences and development outcomes.
Additionally, the study assesses regulatory and physical infrastructure conditions that enable or hinder metro-induced real estate transformation. International TOD case studies and policy frameworks are reviewed to contextualize Nagpur’s experience within global best practices. The findings contribute to a deeper understanding of how mass rapid transit systems can drive compact, transit-oriented, and sustainable real estate growth in Tier-2 cities. The study offers strategic recommendations for urban planners, developers, and public agencies to align land-use planning with transit infrastructure, optimize development potential, and support inclusive urban growth. Assessing the Impact of MRT On Real Estate Along the Transit Corridor in Nagpur.
