Parking lots on private plots fail to take off

Though around 50,000 private vacant spaces were identified as potential parking lots under the ambitious open plot to parking lot scheme, land owners appear least interested in leasing out their land.

Published: 28th April 2018 06:09 AM  |   Last Updated: 28th April 2018 06:09 AM   |  A+A-

Vehicles parked in a haphazard manner in the middle of a road | dasari manikanta

Express News Service

HYDERABAD: Though around 50,000 private vacant spaces were identified as potential parking lots under the ambitious open plot to parking lot scheme, land owners appear least interested in leasing out their land. The reason, may say, is the fear of not being able to generate enough revenue in the public-private partnership mode.

Police and GHMC officials identified 50,000 vacant lands measuring anywhere between 100-800 square yards. In January, GHMC invited applications from plot owners for the programme. However, the response has been nearly zero. Of the identified vacant lands, only one owner hailing from Yellareddyguda has come forward to utilise the scheme.

GHMC officials told Express that the single application was processed by the GHMC recently. The persons has been allowed to charge `10 for two-wheeler parking for two hours and `20 for four-wheelers for the same time period. Every additional hour, he can charge an extra `5. Sources told Express that most land owners felt the revenue model was not feasible.

“Most of these lands are not in the vicinity of busy areas, besides owners have to employ workers to maintain the parking lot and trade licences have to be renewed constantly. Most owners feel that a better option would be to construct a building for shops and offices that would fetch better returns on investments,” sources said. Officials said that despite lukewarm response, GHMC will continue the scheme and interested plot owners can approach GHMC.

Stay up to date on all the latest Hyderabad news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp