Car Parking Charges in Apartments

Apartment parking costs depend on the type of parking space. Open parking spaces on the ground are usually part of the common area and should not be sold separately. Covered or private parking spaces may cost around ₹2 lakh to ₹5 lakh, depending on the project.

Builders cannot charge buyers extra for basic open parking spaces. Knowing the different types of parking can help you understand the charges and avoid paying more than needed when buying a flat.

• Open Parking: Ground-level spots without roofs that belong to the whole society and cannot be sold for an extra charge.
• Stilt Parking: Partially covered ground spots under the building pillars that the court classifies as shared common areas.
• Covered Garage: Lockable spots with three walls and a roof that builders can legally sell as separate private units.

Always check the cost breakdown sheet before making an advance payment to ensure no illegal parking fees are added.

The Supreme Court confirmed in the Nahalchand Laloochand case that real estate builders have no legal right to sell open or stilt parking areas to flat buyers. This clear ruling established that parking areas do not qualify as independent flats or commercial property. In the past, some builders tried to sell basic open slots to make extra profit from home buyers. The highest court made it clear that the cost of building common spaces is already included in the basic price of the flat.

Because of this law, any private contract or payment made for an open parking slot is legally invalid. If a builder asks you to pay for an open or stilt space today, you can report them directly to the state consumer court or housing board.

State RERA websites require builders to share approved project plans online. This makes the parking layout clear to buyers and helps prevent the sale of unauthorized parking spaces.

When you book a home, the builder should provide an allotment document that clearly shows your covered parking space. The parking layout should not be changed without the required approvals and consent from buyers, where applicable. Before paying for parking, always check the approved plan and your allotment document. This can help you avoid extra or unauthorized charges.

After construction finishes, the builder must hand over all common driveways and parking bays to the society association. This rule ensures the builder cannot keep common spaces or rent them out to people who do not live in the building.

The Prestige Place Hyderabad features planned basement parking spaces across its 10-acre site, with an official project launch set for December 2026, a target possession date of December 31, 2031, and TS RERA registration currently pending. This large township by Prestige Estates Projects Ltd. is located along Budvel Road in Rajendranagar, South Hyderabad, offering a total saleable area of 2.41 million sq. ft. with an FSI of 3.5x. The property features 1,050 high-rise homes across 3 towers of G+32 floors, an on-site 500,000 sq. ft. tech park, and a 350-key luxury hotel. In large projects like this, keeping office cars, hotel guests, and home parking separate is essential to stop daily traffic jams.

The project offers 2 BHK flats (210 units, 1,200 to 1,450 sq. ft., base price ₹1.40 Cr to ₹1.65 Cr), 3 BHK flats (525 units, 1,600 to 2,100 sq. ft., base price ₹1.75 Cr to ₹2.75 Cr), and 4 BHK flats (315 units, 2,350 to 3,000 sq. ft., base price ₹2.85 Cr to ₹3.50 Cr). Buyers joining the pre-launch phase can check how parking spots are divided in the 10-step payment plan to avoid surprises.

Prestige Place Hyderabad plans to keep around 80% of its land as open green space. Daily parking is planned in multi-level basement areas below the three main towers, helping keep the ground level more open.

Monthly maintenance is estimated at ₹5 to ₹6 per sq ft. A 24-month advance maintenance fee is expected to be collected before possession, which is scheduled for December 31, 2031. The fee is meant to cover services such as security and basement lighting.

The project is around 2.5 km from the planned Budvel Metro Station. It also offers easy access to the Outer Ring Road, with Gachibowli about 12 km away, the Financial District around 15 km away, and HITEC City about 18 km away.

Having clearly marked slots for residents and visitors ensures smooth driving across the 10-acre property. Checking your spot size during early booking guarantees that your parking space will fit standard family cars and SUVs with ease.

Resident Welfare Associations (RWAs) can manage shared parking areas in an apartment society. They may also collect a monthly fee of around ₹200 to ₹1,000 per car for services such as cleaning and lighting.

When extra open parking spaces are available, some societies use a lottery or take turns each year. This gives families with more than one car a fair chance to get a parking spot.

Residents should park only in their marked spaces. Driveways and access roads must stay clear at all times. This allows fire engines, ambulances, and other emergency vehicles to enter and move around the property without delay.

Tenants who rent a flat get the same right to use the owner's allotted parking space without paying extra society penalties. The society committee cannot ban a tenant from using the car spot that comes with the flat they live in.

Before signing the final agreement, check the official state RERA website for the approved building plan. This lets you confirm the parking layout and make sure your parking details match the approved plan.

Some builders may add parking-related charges to the final bill at the time of handover. To avoid surprises, ask for a clear and itemized cost sheet when you book the property. This helps you understand every charge before you make the payment.

Make sure your sale deed clearly lists your covered parking bay number and floor level in writing. If a salesperson makes verbal promises about free parking without writing them down on paper, ask for written proof to stay safe.