Impact of Metro Rail Extension on Land Use and Land Value around selected stations Case study Kolkata

Abstract

The influence of transportation infrastructure such as metro railway, suburban train lines, bus rapid transport on real estate has been researched in different urban centres and the connection is generally viewed as beneficial for real estate development. Further, the strong reciprocal relationship between Urban growth and Railway also correlates with population growth, spatial expansion and land use changes. Studies in this domain also reveal that while population growth as well as land value has increased with the introduction of transport infrastructure, this has also resulted in increase in congestion. newlineThe broad domain of inquiry in this study is on the influence of Metro Railway Transit on spatial temporal expansion and land use changes in a part of the Kolkata Municipal Corporation area, 8.7 sq. km of land on either side of the Metro Railway expansion from Tollygunge to Garia, in nine wards within the jurisdiction of the Kolkata Municipal Corporation area. newlineA necessary first step in this exercise is to understand the present status of the urban areas located in the study area, through geo-referenced city base maps using high resolution satellite images with the aid of hedonic price model along with socio economic survey data and findings from other surveys. newlineSatellite images were used to determine the conversions of land area across a time frame of 26 years from 1994 to 2020. To classify the conversions of land, each land parcel is sorted into the four categories of Residential, Commercial, Mixed Use and Vacant land. newlineAfter the extensive development of the metro, there has been an evident alteration in the identification of land use, characterized by a substantial rise in commercial areas at the cost of residential and public spaces. This alteration varies depending on the location of the metro stations, with different rates of growth observed. For example, the value of land near Garia Bazar has experienced a substantial surge of 443%, while a similar trend of 417% has been observed near Kabi Subhash