The BBMP is set to invite tenders to introduce paid parking in tech hubs in order to ease the congestion in the city.
Story so far: The Parking Policy approved by the state government in 2021 entrusted the BBMP with making a shift from free to paid parking around the city as a way to discourage the use of personal vehicles. Officials in the Directorate of Urban Land Transport (DULT) have stated that apart from two and four-wheelers, parking space will be allocated for shared micro-mobility vehicles, cycles and auto stands.
- The BBMP hopes to earn around ₹188 crores in annual revenue through this plan as it will be enforced in all eight zones in the city.
- Roads have also been classified into categories A, B and C based on the market value of the land and this will dictate the parking fee.
Parking fee: The parking fee will be moderate in outlying areas such as Yelahanka, Bommanahalli and Dasarahalli as they do not fall under Category A. In core and congested areas, however, the cost will go up.