The Centre for Cities estimates that the government’s default “yes” policy for building near railway and metro stations could unlock up to 5 million new homes. That’s a substantial figure in a country currently facing a 4.3 million-home backlog.
However, housing delivery ultimately depends on financial viability—and in many parts of the country, current market conditions make large-scale development unfeasible. While the policy direction is sensible and aligns with transit-oriented development principles, it’s unlikely to trigger a dramatic near-term shift in housing supply without additional measures to address affordability and developer incentives.
