Car parking charges in apartments usually have two parts and there is a one-time builder allotment fee first. This fee ranges from ₹5 lakh to ₹10 lakh. Then come monthly maintenance charges on top. These fees usually range between ₹100 and ₹1,000.
The exact cost depends on the slot type. Some cities are also proposing separate street parking fees. Villa projects like Nambiar Beverly Green work differently here. Parking comes built into the home itself.
The cost of parking in apartments is usually categorized into three types. The construction companies tend to impose a single payment charge for premium parking spaces. The resident welfare associations levy a monthly maintenance charge. There are also some cities considering public street parking charges.
Builders often levy a one-time charge initially. The charge usually varies between ₹5 lakh and ₹10 lakh. It ensures a spot for parking. This charge is levied in cases when there is a shortage of parking space.
Welfare associations of residents typically have a small monthly membership fee. The price for standard allotted slots ranges between ₹100 and ₹500 per month. While additional or unallotted slots cost around ₹1,000 per month.
There have also been attempts at framing regulations for street parking in some cities. As per Bengaluru's proposed regulations, an annual charge could be levied. The said charge will apply where there is a shortage of internal parking space. Charges for small cars could be around ₹15,000 annually.
The laws of India hold open and stilt parking to be common areas. It is not usually possible for builders to sell such parking areas individually. This is true except when it is an enclosed garage.
This is the strategy adopted by Nambiar Beverly Green. They provide individual villas as opposed to flats. Every villa comes with car park facilities that can accommodate up to two vehicles. This has been integrated right from the ground floor of the villas. Car parks form part of the saleable space in the villas.
Phase 1 comprises 36 acres of land with villa plots totaling 298. Two major footprints characterize Phase 1 currently. The footprints are 35×55 and 40×63. The 35×55 villa has a floor area of 3,732 to 3,782 square feet. The 40×63 villa has a floor area of 4,627 to 4,638 square feet. Indicative pricing for the 35×55 villa is approximately ₹5.48 Crore. Indicative pricing for the 40×63 villa is approximately ₹6.
There is no additional or extra charge for parking at the moment. The two-cars parking is available with the property itself. The parking is inside the total saleable area of the villa. That is different from the apartments, where you will have to pay additionally for parking.
Insight into parking fees allows the consumer to make an effective comparison. Apartment buyers usually incur additional fees to secure a guaranteed parking spot. In the case of villas, parking facilities come free of charge.
They usually levy a single-time fee that falls in the range of ₹5-10 lakh.
No, open parking and stilt parking are communal property and can't be sold separately.
No, they have provided two-car parking in every villa for free.
It falls between ₹100 and ₹1,000 depending on the type of slot.
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