Case study: Now pay to park in apartment complex

Like many private gated community complexes, Maple Crescent Condominium in Sushant Lok has a hefty charge for its parking space. HT reports.

Like many private gated community complexes, Maple Crescent Condominium in Sushant Lok has a hefty charge for its parking space.

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"The apartment owners pay Rs 90,000 for covered parking and Rs 45,000 for open parking for one car. They have to shell out this amount every time they buy a new car and want to park it inside the complex. Had the parking rates been lower, the number of cars inside the complex could have been even higher," said Anil Yadav, the president of Maple Crescent Condominium Association (MCCA) that maintains the upkeep of this gated community.

Despite these high charges, the apartment complex has 300 extra cars even as the apartments in its complex number 540. Many of these cars are seen parked in driveways and service lanes.