Before answering, is it worth buying a parking space or not, you must know that the parking area for bicycles, two-wheelers, and four-wheelers is owned by the housing society. The parking regulations in India\'s residential neighbourhoods prohibit builders from selling parking spots to third parties. The management committee or maintenance crew of the housing society is in charge of assigning parking spaces to the tenants.
Is Selling Parking Legal in India?
In high-rise housing societies, you are entitled to a covered parking space, typically found in the basement, when you purchase an apartment.
Indian vehicle parking regulations prohibit developers from selling additional parking spots to third parties. It is illegal for builders to offer parking spaces as separate units because, in the majority of states, the \"Apartment Act\" views them as part of the common area. Additionally, if a developer tries to register parking spaces as separate units, it will be against the law.
One suggestion that I can offer is, if there is an unsold parking place in the society, you might ask the managing committee to purchase it for yourself. But that is extremely unlikely to be the case.
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Is it Worth Buying a Parking Space?
Karishma
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10 months
2025-01-10T09:32:53+00:00 2025-01-10T09:32:54+00:00Comment
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