Buldi-Koradi Metro Plan Triggers Real Estate Buzz
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From real estate circles to residential localities along the stretch, speculations around station placement, construction format, and the impact on property values are gaining momentum.
Construction alignment is one of the most hotly discussed topic. Senior Metro officials clarified that underground construction will only be chosen when absolutely unavoidable due to significantly higher costs. However, the first 3km of the corridor — beginning from Kasturchand Park — may need to go underground due to existing flyovers and dense urban infrastructure.
After that, the line is likely to shift to at-grade and then elevated formats, said a senior official.
The 11.5km corridor is one of the four high-capacity MRTS corridors proposed under the Comprehensive Mobility Plan (CMP) prepared by MahaMetro in collaboration with RITES. According to sources, Metro guidelines mandate one station approximately every 1 to 1.5km, which means around 10 stations are likely along this stretch — though exact locations will depend on population density and land availability.
After studying Metro DPRs and consulting officials, the estimated cost for Phase 3 is around Rs300 crore per kilometre, bringing the total projected expenditure to approximately Rs3,500 crore.
Currently, ridership projections suggest the corridor will cater to 5,600 passengers per hour per direction (PHPDT) in 2031, increasing to 11,800 PHPDT by 2054. Daily ridership is expected to grow from 0.65 lakh in 2031 to 1.47 lakh by 2054 — indicating the strategic importance of this corridor in connecting key northern residential zones to the city centre.
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While no Detailed Project Report (DPR) has been prepared yet,
officials confirmed that the proposal is under review, with a 15-day window given for stakeholder suggestions. Only after this period will the tendering process begin for the preparation of a DPR.
The Metro expansion has triggered renewed interest in the real estate market along the corridor. Residents are curious about whether a station will be located near their neighbourhood, and how it might affect property prices.
Developers are also eyeing opportunities for transit-oriented development (TOD), which typically leads to densification, commercial growth, and better urban infrastructure.
Though the buzz is high, authorities caution that no final decisions have been made. The current phase involves gathering inputs from multiple stakeholders — including urban planners, local bodies, and citizens. Only after this will a DPR be commissioned, which will determine the final route, construction plan, and station locations.
For now, the Sitabuldi–Koradi Metro remains one of the city's most anticipated urban mobility developments — one that could reshape Nagpur's northern growth corridor in the years to come.
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