Influence of the Mass Rapid Transit System on Plotted Residential Property Prices: A Case Study of Gurugram, India

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Properties within 500 metres of a metro station saw price growth of 20-25% after project announcement.
Hedonic price modelling showed an average 12% decrease in price per kilometre from the nearest metro station.
Localised premiums for property prices diminish beyond 1km from metro stations, highlighting spatial effects.
Study reveals MRTS can enhance property values while risking increased socio-economic disparities if unregulated.

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Case study measures property price changes near metro stations, suggesting MRT systems influence urban economic dynamics.

Fandian et al. (2025) studied this question.

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