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CHIEF MISNITER VILASRAO DESHMUKH DIRECTS BUILDERS TO GIVE TWO PARKING SLOTS TO TENANTS

parking-1In a move that has far-reaching implications, CM Vilasrao Deshmukh cleared a BMC proposal asking developers to provide double the parking space in all upcoming residential and commercial buildings in Mumbai. The move could push up the price of a flat by at least Rs 5 lakh as no builder is going to absorb the cost of providing double parking space. Deshmukh also gave the green signal to a parking lot under the iconic Cross Maidan to tackle the acute shortage of parking space in the Nariman Point-Fort business area. MCGM’s new parking policy might soon be extended to all big cities in the state. MCGM had submitted a proposal to the state urban development department seeking amendments to both private and public parking policies.

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