The global market for smart-parking systems was valued at USD 4.42 billion in 2020. It is expected to grow at a compounded annual growth rate of 21.5% from 2021 to 2028. This presents unique opportunities for the market in India. Sid Jalan explores this with Aditya Bhave, Director, Klaus Multiparking India. How does parking fit into mobility as a scheme? ...
Tag Archives: Multilevel Parking
Delhi may make multilevel parking mandatory
The Delhi administration may soon levy hefty penalties on car users for not using multilevel parking facilities in areas where they exist. This penalty most likely will come in the form of steep surface parking charges in such areas, up to five times more than multilevel parking charges. The move is expected to encounter opposition from parking mafia and middlemen, ...