India’s top 8 cities have an opportunity to develop over 106 million square feet real estate inside major transit points such as metro stations, train stations and inter-state bus terminals, a report said on September 3.
The national capital region of Delhi had the highest potential for transit-oriented development (TOD) opportunities at 32 million square feet due to its expanding metro systems, ISBTs and city railways stations, real estate consulting firm CBRE South Asia said in a report titled ‘Billions in Transit: Assessing the Impact of Transit Oriented Development on Indian Cities’.
Delhi NCR was followed by Mumbai with a real estate potential of 20 million square ft and Chennai at 13 million square ft, the report said.
Anshuman Magazine, chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, “TOD paves the way for vibrant, mixed-use communities that are not only commercially viable but also sustainable and livable. As metro networks and transport hubs continue to expand across urban India, TOD will play a pivotal role in shaping inclusive, accessible, and future-ready cities. To fully realize this potential, however, challenges around land acquisition, financing, skill availability, and outdated land-use regulations need to be systematically addressed.”
The report said TOD includes both commercial and residential projects, and dedicated areas for walking, cycling along with spots for multi-modal transport integration.
“TOD corridors are also accelerating the rise of mixed-use ecosystems, integrating residential, office, retail, and leisure spaces, reducing commute times and supporting compact, connected growth,” the report said.
The report highlighted that certain planned projects in Delhi NCR such as Dwarka ISBT, Aerocity ISBT and Jewar International Airport, and existing hubs such as Sarai Rohilla and Hindon Airport offer high potential for real estate development.
In Mumbai, Bandra, Dadar, Mumbai CST and the upcoming Navi Mumbai International Airport have high potential for real estate development.
Moreover, hubs such as Chennai Airport, Maduravoyal Expressway and Chennai Peripheral Ring Road can unlock potential transit-oriented real estate.
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