Transit-oriented developments (TODs) are commanding high land and rental values due to improved accessibility and economic opportunities. Owing to the increase in land and rental values, the highly desirable TODs are gradually becoming inaccessible to the poor, creating social exclusion and housing inequities within the TODs. To address this consequence, the study proposes a three-level stakeholder deliberation framework (inform, involve, and collaborate) towards developing inclusive housing strategies for equitable and sustainable TODs. The framework is applied to the context of the Yeshwanthpur industrial area, Bengaluru, India. The first level of deliberation, ‘information’, foregrounds the need for affordable housing strategies for stakeholders. In the second level of deliberation, the stakeholders involved identify the major challenges in incorporating affordable housing into TODs. In the third level of deliberation, stakeholders collaborate to contemplate strategies to combat each challenge. The results show that mandatory inclusionary zoning, special-purpose planning vehicles, land banking entities, innovative financing tools, and local area level plans in collaboration with the community, emerged as potentially feasible strategies to create inclusive housing outcomes in the TOD case study area. Transit and its associated transit-oriented developments (TODs) are emerging as sustainable solutions to address various transportation and rapid urbanization issues facing cities. By definition, TOD stands for enabling compact, mixed land use, and non-motorized transport (NMT) outcomes within the 500 m to 800 m radius of centrally-located transit station. TODs present significant market opportunities—absent in the car-dependent urban fabric but these can only be realized if cities provide the necessary planning structures, in terms of zoning, land assembly, and other regulatory enablers.