Ahmedabad Offers Property Buyers to Buy Parking Space

September 7, 2007	(Be the first to rate this story!)  Loading ...
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People buying residential property in Ahemdabad can now also buy parking space by shelling out some extra money. They can easily get it in around Rs 1.2 lakh to 1.5 lakh in upmarket areas of the city.

However, some economically less well-off parts may charge near about to Rs 20,000 for the same. The trend will soon be seen in both commercial and residential property market. Earlier, the prospect of buying parking space was available with only a few builders in areas such as Prahladnagar, C G Road, S G Road, Navrangpura, Ellisbridge and Satellite.

As such, the legality of selling parking space has not been specified under the existing GDCR norms. It requires some space reserved for parking of the total permissible floor space index, says I P Gautam, Ahemdabad Municipal Commissioner (AMC).

Selling parking space in a megacity can be an attractive option for builders. Considering the increase in number of vehicles in Ahmedabad, the trend to buy the space is likely to boom.
The cost of parking space should be determined by studying the density of parked vehicles in the area, construction costs, and parking management costs, says Saswat Bandyopadyay, a CEPT Professor.

In case the property buyers narrow down on the option of buying parking space, they should demand added facilities such as car wash area, proper sheds, and maintenance of the parking space.

News Published Under:   Real Estate India |

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