Competition operates simultaneously in all economic scenarios. This has been recognized world over and economies have formulated laws for dealing with the issue. In this respect, India has been a late entrant. The issue has been dealt with the Competition Act of 2002 which is exemplary in this regard. The Act provides for explanations for different significant operational scenarios and outlines legalities for the same. It has been amended since 2007 and the current Amendment is proposed in the Competition (Amendment) Bill of 2012.

The development of a mode of transport is not just an addition to the urban landscape. It holds significance with its direct capacity to affect land and more significantly land values as an economic aspect. Land is a prime asset in an urban setting and its pricing not only determines but is also determined by development aspects. In this category, Transit Oriented Development is a contemporary yet dominant entrant as cities of both the developed and developing world have introduced or are introducing this mode. The impacts are, however, different. The present study attempts to bring to light...