Hyderabad transit value capture

A report coming out of Hyderabad, India suggests that the special-purpose PPP organization building out the city's elevated metro system anticipates 55% of their revenues to come from real estate in the initial years of operation. This percentage is on par with Japanese and Hong Kong railways building entire New Towns (see "Transit Value Capture: New Town Codevelopment Models and Land Market Updates in Tokyo and Hong Kong" by Jin Murakami in the book Value Capture and Land Policies. Looking at the L&T Metro Rail website, it appears that much of the real estate revenue is expected to come from the development of land now owned by the PPP organization (perhaps directly or as a form of joint development with private developers).

The company will develop 18.5 million s.ft. of Transit-Oriented Development (TOD) and is expected to trigger robust economic activity in and around the city of Hyderabad and will generate substantial employment. (L&T Metro)

This scale of development is tremendous and the value capture projections substantial. Does anyone know more details on the project and the viability of the value capture plan?