Moneycontrol
Nov 10, 2017 04:55 PM IST | Source: Moneycontrol.com

Paying for pollution: Post a four-fold hike, here’s how parking rates in Delhi compare with global cities

Despite the hike, the national capital still has way lower rates when compared to other cities across the globe

Moneycontrol News @moneycontrolcom

The Delhi government's recent revision of parking rates to arrest the rise in pollution levels has affected Delhiites. With a four-fold hike in parking rates, the authorities want to check the use of vehicles and bring down vehicular emissions.

Though some are welcoming this move as a good measure to keep the vehicles away from the roads, most are worried about the resultant amount they'd have to pay for parking.

Despite the hike, the national capital still has way lower rates when compared to other cities across the globe as per the Global Parking Index 2017 report by Parkopedia.

Also Read: Two capitals, one story: How Delhi and Beijing cope with the menace of pollution

Sydney in Australia, which figures at the top of the list, has an average parking charge of USD 34.85 for two hours, which is 14 times higher than that of South Delhi's parking charges for the same time (when converted into US dollars).

parking final

Not only that, parking your car for an entire day in South Delhi costs you USD 6.14, which is almost six times cheaper than parking your car in Sydney for two hours.

But there is a catch though: Australian and American cities are most expensive in the world for short-term parking owing to a system called ‘frontloading’, which means maximum charge for the parking is squeezed in the first one or two hours.

New York, which figures at the second position on the list, charges USD 32.97, close on the heels of Sydney’s USD 34.85, is still 13 times higher than that of South Delhi's charges.

If you compare it with North Delhi Municipal Corporation’s parking charge, which is just USD 1.84 for two hours, it comes out to be almost 18 times higher than that of New York.

Moreover, taking the two-hourly parking charge of USD 2.46 of South Delhi as standard, other global business hubs such as Melbourne, Tokyo, Paris, Hong Kong and San Francisco have parking charges 9.3, 6.5, 5.1, 5.5 and 6.1 times higher than that of the national capital.

It’s important to keep in mind that this is just a mathematical comparison.  Also, Delhi's hiked parking rates are only going to be around for a week.

"This plan is an emergency plan that cannot become a substitute for a long-term and decisive action to cut air pollution,” said EPCA chairperson Bhure Lal as per media reports.

To read the full report, click here.

(Currency figures are in 1 USD= Rs 65.05)
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