Multilevel problem
Delhi's parking plans will further subsidise private cars -- and increase congestion
The current understanding of multilevel parking is quite poor. Typically, the cost of structured parking accounts for construction, operation and maintenance, and transaction costs. Land is leased from civic bodies, so its true cost is discounted. The more automated the parking system, the greater its cost. Detailed costing of parking structures being planned for Delhi are not available. But the civic bodies that have planned them do not expect these to be profitable at the current parking fees, or even with the minimum hike planned.
ndmc has provided some costs for its planned structured parking. The capital cost of multilevel parking is Rs 4 lakh per car parking space. mcd estimates show this can increase to Rs 9 lakh each.The business model they propose provides for diverting 25-30 per cent of the space for commercial activities to keep the venture profitable
Related Content
- Infosys Pune Becomes the Largest Campus in the World to Earn LEED Platinum Certification from US Green Building Council
- More multi-level parking envisaged
- Five multi-level parking lots proposed for city
- Govt banks on 1922 road to declog Khan Market
- Hi-tech parking for Sarojini Nagar
- Parking issues rise as work on multi-level lots slumps