If all the 5.75 lakh cars registered in the city were to be parked on-street parallel to one another, the area that the vehicles occupy would be as much as seven per cent of Chennai. As existing regulations on parking are inadequate and the enforcement is lax, most of the vehicles in the city eat into precious space on the road.

CHENNAI: With Chennai, like many other cities, running desperately short of parking spaces, experts suggest that parking should be treated as a commodity with appropriate pricing mechanisms for eff

According to a recent international survey carried out by real estate company Colliers International, parking rates in India are among the lowest in the world. The average cost paid by a Delhiite to park his/her vehicle is around US $ 1.32 or Rs.60 per day or US $ 33 a month. The lowest parking cost in the world is paid in Jakarta, Indonesia, at US $ 0.92 per day or US $ 27.56 a month.

With the Delhi Metro announcing a hike in existing parking charges for its parking lots in accordance with prevalent civic agency rates from this week, regular commuters who use the Metro Smart Card have a reason to rejoice. The DMRC will offer monthly parking passes to genuine metro commuters, whose parking space at the stations is taken up by non-commuters.

New Delhi: If you’ve been parking your car at a Metro station, get ready to fork out more. Delhi Metro, which has received complaints of people misusing its parking, has finally decided to act.

Public Roads, Govt Land Will Suffice, Says Metrolink
Ahmedabad: The fact that land acquisition has become a sensitive issue across India has apparently handed the state government a new tool to market its prized metro rail project linking Ahmedabad and Gandhinagar. The Gujarat government is now touting it as ‘zero land acquisition project’.

Prevailing parking rates in the city are among the lowest anywhere in the world. Car users are pampered so much that even hawkers pay double the amount to use street space. While hawkers pay Rs.100 a month as rent to the Corporation for using 20 sq. feet of public space, car owners using a parking slot every day shell out only around Rs.45 a month for the same space.

Delhi has witnessed an annual vehicular growth of 10 per cent and nearly 1,200 vehicles are registered daily, experts analysing the parking policy of the Capital said on Wednesday.