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Chennai Is The Least Expansive City To Park Vehicles
Of the four Indian cities, Delhi, Mumbai, Bangalore and Chennai, Bangalore is the expensive city because the parking rate is Rs. 70 ($ 1.07) while Delhi's charge averages Rs. 60 ($1.28) and the rate in Mumbai is Rs. 50 ($ 1.07).
In the entire world, Abu Dhabi in UAE, is the most expensive place in the world to park at $ 55 a day, followed by Oslo and then Tokyo at $54.52 and $54.50 a day for each. London's City and West End sub-markets took the top two spots as the most expensive places to park on a monthly basis at $933 per month (?643.00 GBP) and $874 (?602) respectively. In the third spot was Hong Kong at $745 per month (HKD 5,800).
The survey clearly points out that 'whether to park for a day or to have access to parking anytime during the month, the world's top global cities remain amongst the most expensive places to park a car'. The survey ranks the cities parking charges based on rates charged in June 2010 in covered or underground parking garages in 147 prime central business districts across the world.
When you wonder how Chennai Corporation is able to succeed in keeping the parking charges very low, one of a senior Corporation Official informed that, they charge only Rs. 5 for three hours for cars and don't charge for two wheelers mainly because they don' do business with parking charges.
Also, the maintenance of arking lots is outsourced to Tamil Nadu Ex-servicemen Corporation to help the ex-servicemen. TEXCO takes 30 percent of the profits, while the rest comes to Chennai Corporation. But, this rate is not for cinema theatres and larger malls because, they charge Rs. 20 an hour for car parking.
As parking of vehicles is major problem everywhere in the city, the Chennai Corporation is planning to build a multi-level car park in several places, the first would come in Airport and then in T Nagar. The Chennai Metropolitan Development Authority's two-tier underground parking facility in the Koyambedu bus terminus is under progress.
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