To circumvent Supreme Court order that parking area cannot be sold, builders are considering newer ways of collecting the charges. If they have their way, the cost of houses in the city is going to climb higher and for many a prospective buyers, the dream of buying a house is unlikely to be realized.
For years, builders have been selling stilt parking area at the cost of Rs 50,000 and above, depending upon the locality. However, following the SC ruling that parking area cannot be sold, they are planning to include parking charges in the cost of houses/flats itself. This will not only push up the prices but regardless of whether buyers have a vehicle or not, they will have to bear the cost of parking.
Now as neither the governments are coming up with big numbers of houses the middle class men too will have to bear the heat of the builders new policy.