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Increasing urbanization in India demands for sustainable urban planning, with Transit-Oriented Development (TOD) emerging as a key approach promoting high-density, mixed-use development near transit hubs. Despite its benefits, TOD faces challenges like high development costs and weak institutions. This study explores incentive-based mechanisms and Land Value Capture (LVC) strategies such as higher FSI, TDR, tax concessions, and PPPs to bridge the feasibility gap. The study includes the global models like Hong Kong’s R+P, Taiwan's FAR incentives. The study is concluded with a feasibility assessment of Indian metropolitan cities and policy recommendations to improve TOD through regulatory reforms, incentives, and institutional strengthening.