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Now, BMC wants you to park vehicles underground
Updated On: 14 August, 2019 07:53 AM IST | Mumbai | A correspondent
Comes up with a policy for such parking lots mainly under reserved open spaces and in rare cases, developed gardens; builders who develop such lots under recreation grounds could get incentives

The picture has been used for representational purpose
The Brihanmumbai Municipal Corporation (BMC) has decided to burrow underground to increase parking space in the city. It has come up with a policy to develop one or two-storey parking lots underground, after receiving flak over an earlier proposal that supported the commercial exploitation of the area below open spaces. The new policy will see the space used only for parking. It will also give developers transfer development rights (TDR) based on a formula fixed by BMC. This parking will mainly be under reserved open spaces and in very rare cases, below-developed gardens said civic officials.
Civic officials said that this is being done to facilitate developers who can give amenities space and earn TDR as it will help them get more development rights to complete or add more space to their existing construction plan. For example, if a developer is supposed to handover a Recreation Ground (RG) space to BMC and he develops a parking lot under it, he will get the additional space as FSI depending upon the formula.




