Will revised parking norms affect Ghaziabad property market?

Q: Does parking law changes influence real estate market in any way? What do u say?

Samrat,

25th June 2013

Locality Review in Ghaziabad

ghaziabad parking

ghaziabad property market

revised parking norm

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Replies (4)

Hi all.. maximum parking is observed near GDA office near the proposed site of car parking facility, first this should be reduced. it creates big inconvenience to people there at peak hours.

Kashif Ahmed, Delhi-NCR

2nd July 2013

Comment

GDA has made parking mandatory under green space with a rider that a feasible design of water harvesting system is approved by GDA. With the advanced technology, it is possible to develop parking area under the green space, maintaining greenery and water harvesting simultaneously.

Imran Khan, Ghaziabad

1st July 2013

Comment

Now it is mandatory for builders to provide one car parking space for each housing unit in a building developed on a plot area of over 100 sqm. If builder has to provide like this then the land required for parking area is going to increase. And because of this the number of housing units in the project may reduce. So the builder maay put extra cost for the existing units

Yash Panth, Ghaziabad

1st July 2013

Comment

There may not be much impact on property market because of parking rule amendments. But this will surely entertain a systematic parking and there will be less roadside parking in colonies.

Dinesh sahu, Ghaziabad

1st July 2013

Comment