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Prashanth Shekar Lokku, Yaramala Swetha, Prasad CSRK
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- Deputy General Manager,, Lecturer, Professor LEA Associates South Asia Pvt Ltd, Mathura Road, New Delhi, India, Department of Civil Engineering Government Polytechnic Pendurthi, Visakhapatnam, India, Department of Civil Engineering NIT Warangal, India
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Abstract
nToday, the rapid transport system (RTS) stands as an indispensable solution to meet the travel demands
of urban agglomerations worldwide. Ongoing research in this field underscores its significance. The
implementation of RTS not only alleviates city traffic congestion but also contributes to achieving
sustainability goals. Furthermore, assessing economic benefits with precision emerges as a crucial
parameter for examination and analysis. In this context, a study was conducted to examine the impact
of RTS in Hyderabad city, where the Hyderabad Metro Rail (HMR) operates on three lines, witnessing
a steady rise in ridership. Focusing on two stations, Kukatpally and Ameerpet, the study utilized a
hedonic model to gauge the impact on residential property values. Factors considered included
proximity to metro stations, building area, train frequency, and distance to nearby amenities like
schools, parks, and hospitals. The findings revealed a positive impact at Kukatpally metro station,
indicating a decrease in property value with increasing distance from the station. Conversely, Ameerpet
metro station exhibited a negative impact attributed to factors such as market potential, ridership, and
inadequate land use management. The analysis may be useful in understanding of transit-induced
gentrification as well. In addition to this, land use analysis was conducted to evaluate the mix of land
uses before and after metro construction, employing the entropy index. The analysis demonstrated an
improvement in mixed land use, with the entropy index shifting from 0.77 to 0.65.
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Keywords: Hedonic price model, land use mix, transit-oriented development
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References
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Trends in Transport Engineering and Applications
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| Volume | 11 | |
| [if 424 equals=”Regular Issue”]Issue[/if 424][if 424 equals=”Special Issue”]Special Issue[/if 424] [if 424 equals=”Conference”][/if 424] | 01 | |
| Received | April 30, 2024 | |
| Accepted | May 2, 2024 | |
| Published | May 3, 2024 |
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