India is emerging as an important business location, particularly in service sector. In Kolkata, an increase in residential real estate development has been observed since the last decade. After extension of Kolkata Metro Railway, real estates has emerged in leap and bound particularly in the wards through which this mass transit system traverses. In this paper, an attempt has been made to decipher the relationship of metro rail extension to the growth of residential real estates. The study establishes a positive correlation between trend of metro-passenger flow and growth of real estates in these three wards. Kolkata Metro rail as a mode of mass transit transport performs its role not only for increasing accessibility but it is also changing the cityscape through emergence of real estate properties.
