Bus lanes are hot garbage. Their mechanism of operation requires them to not actually solve the problem, because if they actually reduced traffic congestion then the buses wouldn't be faster anymore.

And "induced demand" is a misnomer. Existing congestion suppresses existing demand, which comes back when you relieve some of it. You need to find better ways to satisfy the demand, not find ways to further suppress it.

The best way to do that is to increase density, because that both makes mass transit more viable on its own terms (more frequent trains and they're still full) and decreases the number of miles people have to travel because things are close together.