Understanding Parking Space Regulations in Real Estate
Introduction
Parking spaces are a critical aspect of real estate, impacting both developers and buyers. Understanding the regulations surrounding parking spaces ensures a smoother experience during property transactions and enhances the usability of the property. Let’s delve into the key points of parking space regulations in real estate.
1. MINIMUM PARKING REQUIREMENTS
Every city and municipality typically has specific guidelines regarding the minimum number of parking spaces required for residential and commercial properties. These requirements can vary based on several factors, including:
- Property Type: Residential and commercial properties often have different parking needs.
- Property Size: Larger properties generally require more parking spaces.
- Location: Urban areas might have stricter parking requirements due to higher density.
For instance, a commercial complex in Mumbai might have different parking space regulations compared to a residential building in Pune. Understanding these local requirements is crucial for rera compliance.
2. TYPES OF MAHARARA’S PARKING SPACE REGULATION
There are several types of parking spaces that developers may provide, including:
- Open Parking: Outdoor spaces without any covering, typically found in open areas.
- Covered Parking: Spaces with a roof or some form of shelter, offering protection from the elements.
- Basement Parking: Located below ground level, common in high-rise buildings and providing efficient use of space.
3. PARKING SPACE ALLOCATION
Developers allocate parking spaces based on the property’s square footage, the number of units, and local regulations. It’s important for buyers to check the allocation of parking spaces before purchasing a property to ensure they meet their needs.
4. VISITOR PARKING
Regulations often require a certain percentage of parking spaces to be designated for visitors. Adequate visitor parking helps avoid congestion and ensures that guests have convenient access to the property.
5. PARKING SPACE DIMENSIONS
The standard dimensions for parking spaces are typically 8.5 feet wide and 18 feet long. However, accessible (handicapped) parking spaces have additional width and are usually located closer to building entrances to accommodate those with mobility issues.
6. PARKING SPACE OWNERSHIP
Parking space ownership can vary:
- Deeded Parking Spaces: Some properties offer deeded parking spaces, meaning they are owned by specific unit owners and are considered part of the property.
- Common/Shared Parking Areas: Other properties have common or shared parking areas available to all residents on a first-come, first-served basis.
7. PARKING FEES AND CHARGES
Developers may charge extra for premium parking spaces, such as those that are covered or located near elevators. Additionally, maintenance fees often cover the upkeep of parking areas, ensuring they remain in good condition.
CONCLUSION
Compliance with MahaRERA’s parking space regulations is essential for a hassle-free experience for property owners and tenants. It not only ensures legal compliance but also enhances the usability and value of the property. Always consult local authorities and legal experts, such as ReraEasy, to stay informed about specific regulations in your area.
Mumbai Office
5th Floor, 509, Plot No. 26A, The Landmark, Hirandnandani Service Road, Sector 7 Near Kharghar Police Station, Kharghar, Navi Mumbai, Raigad, Navi Mumbai, Maharashtra 410210 India
Pune Office
4th floor, Nyati Emporius, 406, Pashan Hwy Side Rd, above Volvo Showroom, Mahalunge, Pune, Maharashtra 411045
Service Areas
Copyright 2023 © All Right Reserved
Design and Developed by Mizzlecodes