Redeveloping Property Build Automated Car Parking Systems Into Your Plan

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Redeveloping Property? Build Automated Car Parking Systems Into Your Plan

Redevelopment of old, dilapidated buildings is a growing trend. Old buildings have recurring problems of maintenance and management which become tedious and expensive; residents aspire for better, more modern amenities. Moreover, with real estate values touching new heights, residents are discovering that they can unlock immense value from their property by offering it for redevelopment. In Maharashtra, the state government, in a bid to boost redevelopment of cooperative housing societies in the state, has brought down the consent required for redevelopment from 70% to 51%. Also, all redevelopment projects registered under MahaRERA will have to be completed in a time-bound manner. Such norms will make it easier for housing societies to go in for redevelopment. As per MahaRERA in a Times of India report on 10th July 2019, nearly 40% of one lakh registered cooperative housing societies in Maharashtra are contemplating redevelopment. Car parking is a factor that calls for proper planning when undertaking a redevelopment project. As per current urban trends, families today own more than one car, so the Municipal rule that generally specify one parking space per apartment does not suffice. Gone are the days when one could park one’s additional vehicles on the road. With the number of cars booming and scarcity of parking space, roads are either overcrowded, unsafe, or in some cases, declared ‘no parking’ zones by local municipalities. Moreover, municipalities require housing societies to reserve 10 to 25% of parking space for visitors. So provision of adequate parking space becomes a huge challenge for developers. Scarcity and high value of space add to the problem. Build APS into the blueprint


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Redeveloping Property Build Automated Car Parking Systems Into Your Plan by Wohr Parking - Issuu