Magnetic Levitation is a technology that has been experimented with intensely over the past couple decades. It wasnâ€™t until the last ten years when scientists began to develop systems that would use magnetic levitation as a means of transport. This paper outlines the methods behind magnetic levitation, as well as the technologies implemented using the levitation. The implementation of a large-scale transportation system using magnetic levitation has huge social as well as economical effects. These aspects are looked at in a number of situations to see if the effort in producing a system using magnets is worth the time and eff. The MAGLEV TRAINS have a countless number of advantages which are making us to think more towards the MAGLEV TRAINS than the conventional trains. High speed trains like MAGLEV TRAINS moves very smoothly as compared to the other conventional trains due to absence of wheels in it.