Bengaluru Residents Debate High Costs of Additional Parking Spaces Amid Growing Demand
₹5 lakh for an additional parking space? Bengaluru resident sparks debate over steep apartment association charges
Image: Hindustan Times
In Bengaluru, residents are expressing concerns over the high cost of purchasing additional parking spaces in gated communities, with one user reporting a quote of nearly ₹5 lakh for a second slot. This has sparked a debate about the economics of parking ownership versus renting.
- 01A Reddit user near Whitefield reported that while renting a parking space costs around ₹1,000 monthly, the apartment association quoted ₹5 lakh for purchasing a second slot.
- 02Many residents argue that the high purchase price is unreasonable compared to the rental option, especially with free roadside parking available.
- 03Legal experts state that parking spaces are generally considered common areas in housing societies and cannot be sold as independent units.
- 04The Karnataka Real Estate Regulatory Authority mandates that developers must provide parking spaces according to civic regulations and cannot reduce parking dimensions.
- 05The Supreme Court has ruled that parking spaces are part of common areas and cannot be sold separately unless permitted by law.
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As Bengaluru faces challenges with limited parking and increasing vehicle ownership, the cost of acquiring additional parking spaces has become a contentious issue among residents of large gated communities. A Reddit user from Whitefield highlighted this concern by revealing that while renting a parking space costs approximately ₹1,000 per month, the apartment association quoted nearly ₹5 lakh for purchasing a second slot. This sparked a lively debate online, with many residents arguing that the price is excessive given the availability of free roadside parking. Legal experts emphasize that parking spaces are generally regarded as common areas within housing societies, meaning they cannot be sold independently. The Karnataka Real Estate Regulatory Authority (KRERA) has reiterated that developers must provide parking in accordance with local regulations and cannot charge for common areas in a way that contradicts approved building plans. This ongoing discussion reflects the broader issues of urban planning and housing regulations in Bengaluru.
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The high costs associated with parking spaces could influence residents' decisions regarding vehicle ownership and housing choices in Bengaluru.
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