The new Parking Policy 2.0 for Bengaluru seeks to adopt a pay-and-park system for residents who park their vehicles outside their homes across different areas of the city.
Also Read: Vehicle Scrappage Policy
Karnataka government has given a nod to this new parking policy which will make roadside parking costlier. The draft policy framed by the Directorate of Urban Land Transport (DULT) is accepted and agreed by the Karnataka Urban Development Department.
It is framed with an aim to decongest the city and get away with disorganized parking on Bengaluru’s roads. This policy will ease up road space for the smooth movement of people and traffic.
DULT has decided an amount of Rs 1,000 per year for small cars and Rs 3,000 for medium cars and Rs 4,000 for MUVs and SUVs, that needs to be paid for parking the vehicles. On the other side, an amount of Rs 5,000 per annum has been decided for residential parking permits. These parking permits would be available for residents on a quarterly or annual basis and can be renewed after expiry. However, no charges will be levied for parking bicycles and pedal-assisted electric bicycles.
As per the policy document, “A permit does not guarantee a parking spot but only authorizes the permit holder to park on the road for which the permit is allotted, if space is available.” In the recent years, Bengaluru city has witnessed unprecedented growth in terms of population and the number of vehicles registered in the city. As per the data by the Department of Transportation, Government of Karnataka, as of May 2020 the number of registered vehicles in the city has surpassed 94 lakhs and the compound annual growth rate (CAGR) of vehicle registrations is more than 10 per cent per annum.