The increasing challenge of finding a spot for your car
SummaryIndia’s car count is still low relative to its population, but its cities are struggling to make space for vehicles, and parking scuffles are an everyday reality in many localities. What lies ahead?
Last year, as a result of Singapore’s unique effort to limit its automobile population, prospective car owners in the island nation had to cough up as much as $80,000 in some cases just to be allowed to head to a car showroom. India’s car count is still low relative to its population, but its cities, too, are struggling to make space for them, and parking scuffles are an everyday reality in many localities. How fast is the number of cars in India’s largest cities growing? How large will the parking lot that can fit all these cars be? How much can cities’ coffers swell if all cars were asked to pay a parking fee? Can increasing parking fees in busy localities be of any help? Mint finds out: