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Automated parking systems are coming of age in India

- Molly R

According to a research paper, the automated parking systems market was valued at $1.80 billion in 2018. It is expected to reach $4.31bil-lion by 2025. Of course, this is globally. Real estate in metros and tier-I cities is scarce in India. Hence the dire need for automated parking systems (APS). Whether fully automated or semi-automated, this system when used in residential complexes and commercial sectors help in saving space in highly crowded parking areas. Moreover, since there is some level of automation used, it is a super convenience for customers while making better use of space. Interestingly, car parking system also has a direct effect on the feasibility of a real estate and commercial projects. The designing of automated parking systems can drive profitability by enabling parking to be located in areas where conventional parking would not provide flexibility.

Aditya Bhave, VP SSID, KLAUS Multiparking India, says, “KLAUS Multiparking was one of the first entrants to the mechanised parking industry in India back in 2002. Those days there were hardly any developers or architects who knew about the benefits of this technology. It was only after the success of some prestigious projects in Bangalore and Mumbai that mechanised parking industry began to see acceptance. In the last five years, we have seen a tremendous growth in both commercial and residential segments as space is a premium.”