Can India Unlock 106 Million Sq. Ft. of Real Estate Potential in Transit Nodes?
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Synopsis
A recent report reveals that India has a staggering opportunity to develop over 106 million square feet of real estate in transit hubs across eight major cities. This growth could revolutionize urban spaces and enhance connectivity, leading to sustainable and vibrant communities.
Key Takeaways
- India has over 106 million sq. ft. of real estate potential in transit nodes.
- Delhi-NCR leads with 32 million sq. ft. of development capacity.
- Mumbai and Chennai follow with 20 and 13 million sq. ft., respectively.
- Transit-oriented development promotes sustainable urban growth.
- Key projects include Dwarka ISBT and Navi Mumbai International Airport.
New Delhi, Sep 3 (NationPress) India is poised to harness the potential for developing over 106 million square feet of real estate within key transit hubs, including Metro stations, train stations, and inter-state bus terminals, across the nation's eight largest cities, according to a recent report released on Wednesday.
The Delhi-NCR area showcases the most significant opportunity for transit-oriented real estate development, estimated at 32 million square feet, as stated by CBRE, a prominent real estate consulting firm.
This considerable capacity is driven by the ongoing expansion of the Metro system, ISBTs, and urban railway stations in the region.
Mumbai ranks second with a potential of 20 million square feet, while Chennai is projected to offer around 13 million square feet, as detailed in the report.
Other major cities such as Hyderabad, Kolkata, Ahmedabad, and Pune are also experiencing real estate activities linked to transit-oriented development (TOD), albeit on varying scales, as mass transit networks continue to grow.
TOD encompasses both commercial and residential initiatives, as well as dedicated areas for activities like walking and cycling, and spaces for multi-modal transport integration designed around primary transport hubs, according to the report.
Transit-oriented development corridors are also fostering the emergence of mixed-use ecosystems, which integrate residential, office, retail, and recreational spaces, thereby reducing commute times and encouraging compact, connected urban growth.
“TOD lays the groundwork for dynamic, mixed-use communities that are not only financially viable but also sustainable and livable. As Metro networks and transport centers expand throughout urban India, transit-oriented development will be crucial in shaping inclusive, accessible, and future-ready cities,” commented Anshuman Magazine, Chairman and CEO - India, South-East Asia, Middle East and Africa, CBRE.
The report highlights several planned projects in Delhi-NCR, such as Dwarka ISBT, Aerocity ISBT, and Jewar International Airport, along with existing hubs like Sarai Rohilla and Hindon Airport, which present significant potential for TOD.
In Mumbai, key locations include railway stations such as Bandra, Dadar, Mumbai CST, and the forthcoming Navi Mumbai International Airport.
Additionally, hubs like Chennai Airport, Maduravoyal Expressway, and Chennai Peripheral Ring Road can unlock significant transit-oriented real estate opportunities, as noted in the report.
“Transit-Oriented Development is rapidly becoming a transformative element in India’s urban growth narrative. Developers are increasingly adopting TOD principles to create integrated, live-work-play environments that cater to the changing needs of urban professionals,” stated Ram Chandnani, Managing Director, Leasing Services, CBRE India.
Point of View
I believe that the enormous potential for transit-oriented development in India is a pivotal step towards sustainable urbanization. It reflects a necessary shift in our approach to integrating living spaces with transport infrastructure, thus fostering inclusive growth and enhancing the quality of life for urban residents.
NationPress
03/09/2025
Frequently Asked Questions
What is transit-oriented development?
Transit-oriented development (TOD) refers to the strategy of creating mixed-use communities that are centered around public transportation hubs, promoting sustainable living and reducing dependency on personal vehicles.
Which cities in India have the highest potential for TOD?
Delhi-NCR, Mumbai, and Chennai are at the forefront, with Delhi-NCR showing the highest potential of 32 million square feet.
How does TOD benefit urban communities?
TOD promotes reduced commute times, encourages walking and cycling, and integrates residential and commercial spaces, thus fostering vibrant, livable communities.
What role do transport hubs play in TOD?
Transport hubs are the focal points in TOD, providing connectivity and access to various modes of transport, which enhances urban mobility and supports the development of surrounding areas.
Why is TOD important for India's urban future?
TOD is crucial for addressing urban challenges, promoting sustainable growth, and ensuring that cities are inclusive and accessible for all residents.
