Financing Urban Mobility: Integrating Land Value Capture Mechanisms for Metro Projects in India

The study, "Financing Urban Mobility: Integrating Land Value Capture Finance Mechanism in Financing Metro Cities of India," investigates how Land Value Capture (LVC) might be used as a sustainable financing method for metro rail projects in Indian cities. The need for creative funding methods has become crucial as India deals with hitherto unseen urbanization issues, such as traffic jams and poor public transportation systems. In order to effectively finance transit-oriented development (TOD), this study examines how LVC can take advantage of rising land values brought about by public investments in metro infrastructure. The importance of LVC in relation to India's 2017 Metro Rail Policy, which requires its incorporation into metro projects, is examined at the outset of the paper. It highlights the main obstacles that Indian cities face when putting LVC strategies into practice, including regulatory limitations and fragmented land ownership. Successful LVC mechanisms and their socio-economic advantages, such as improved urban mobility and sustainable development, are highlighted in the research through a qualitative analysis of international best practices and case studies from a few Indian metropolitan cities. The results highlight how crucial it is to coordinate land use and transportation planning in order to optimize the financial returns on investments made in metro areas. In order to promote sustainable urban growth and improve public transportation financing in India's quickly changing metropolises, the paper ends with strategic recommendations for policymakers on how to increase the effectiveness of LVC in urban planning processes.