Increasing Property Development Profitability with Automated Parking Systems

Property and real estate developers have started integrating automated parking systems in their commercial or residential projects due to the various challenges faced by them. Some of these challenges are the ever increasing population of vehicles on the road today, the growing number of vehicles owned by a single family, shortage of land, profitability and project feasibility.

Automated parking solutions offer higher cost efficiency. It reduces the operational costs as well as construction costs. Being built vertical, the system demands lesser land space, hence reducing the land costs. It requires very minimal lighting, maintenance, cleaning, staff, etc to be operational. It is generally easier and faster to construct within a space as compared to a conventional garage.

Automated parking systems provide ample advantages to the citizens or users such as more parking space, safety, convenience, etc. But there are also several benefits of these systems for the developer as well.

Following are the factors that increase property development profitability for the developers when they use automated parking systems:

Lower Operating & Maintaining Cost:

A traditional parking space, where users have to park their vehicles themselves, typically requires certain amenities such as lights, ventilation systems, maintenance and regular cleaning. Because of the automated parking system’s architecture, these amenities are not required as the users are removed from the vehicles before placing the cars in the desired parking space. Due to this, there isn’t any need for lighting and ventilation systems.

Also, these systems do not require a lot of staff to run; 1-2 operators can manage the entire system. This saves costs on salaries and maintenance.

Increased Land Space:

As this system is built for cars to be parked vertically on levels, there is a significant difference in the amount of land used as compared to a regular parking space. The flexibility that the automated parking system offers enables the developer to build parking where traditional parking spaces may not fit, and also offer more availability.

Unlike traditional parking spaces, the auto parking system does not require the extra space that is generally used to navigate around until a convenient parking spot is identified. This enables the builder to develop the saved space for other uses, such as green space or saleable amenities.

Sustainable Building

Along with the reduction of toxic gas emissions, there are several other factors that make automated parking a sustainable solution.

As the automated parking system uses lesser area and is built and installed above and below the ground level, the drilling, digging or breaking ground is substantially lesser than what conventional parking space would need. Because of this, there is no need to cut down trees and nearby ecosystems, obstruct any roads that may also lead to congestions and use heavy amount of concrete. These systems are built using recyclable materials such as steel, and are built on a completely metal frame.

Additionally, since these automatic systems use minimal electricity, developers can provide sustainable energy through solar panels.

Low Risk

Users are greatly cautious about the safety of their cars in conventional parking systems due to lower security. The user may have second thoughts about entering the building as well.

Automated parking systems reduce the chances of any serious issues such as accidents, thefts, vandalism, dents, scratches, etc. that would make the developer incur heavy losses due to insurance policies. The safety of the vehicles and users significantly increases, as compared to a conventional parking space.

Lower Building Cost

This is probably the greatest factor for increasing property development profitability for the developer when it comes to implementation of automated parking systems.

Automated parking systems require less raw building materials than traditional parking lots. The entire architecture is built on a metal frame made of steel. Because of this, it also takes less time to build one. The most impressive factor of these systems is that even if they require lesser building material and volume, it houses almost double the number of cars that a regular system would have.

As the building material for the automated system is made of metal, it can easily be recycled or reused in another space if required, which significantly reduces the costs for the developer.

Considering these factors, developers have now started using automated parking systems in their commercial and even residential projects, to maximize their profits and provide ample parking spaces at the same time. These systems are the future of car parking systems in India.

Growing Requirement of Multilevel Car Parking Systems

India’s urban population has been drastically increasing, along with the affordability of vehicles everywhere. Inevitably, this has already caused multiple issues such as traffic congestion, rise in pollution, scarcity of parking spaces, etc. that create even bigger problems for the citizens. In some areas, vehicles get parked on the roads due to unavailability of dedicated parking spaces and this group usually includes shop owners or nearby residents. This causes the roads to further narrow down and the vehicles passing by get stuck in a jam, or could even damage the parked cars or their own vehicles.

These growing pains of urban traffic congestion have only one viable solution: Multilevel Car Parking Systems.

What is a Multilevel Car Parking System?

Multilevel Car Parking Systems, also known as automated parking systems, are car parking systems that have been specifically designed to utilize verticals spaces, instead of horizontal, and make use of compact plot areas. These systems stack up cars on “multiple levels” one above the other using a platform that transports the car or retrieves it back for the user. The ideology behind it is to provide parking spaces for maximum cars in the plot area or space of just a few.

However, some multilevel car parking systems can also be conventional in nature. These are similar to automated parking systems where there are multiple levels on which the parking spaces are provided, and can be constructed above the ground or underground. These require the drivers to drive to his desired parking spot as instructed by the parking attendant, and similarly retrieve it themselves.

Automated multilevel car parking systems have a growing demand today, as traffic congestion indirectly hinders the sales of any business, with fewer customers walking in. Architects and builders find it extremely essential to implement these car parking systems in areas such as malls, multiplexes, colleges, metro stations, larger residential and commercial spaces. The amount of space a multilevel parking system utilizes with respect to the number of vehicles it holds is the most important factor for why they are a requirement today. For example, multilevel parking systems can accommodate 60-70 vehicles in the space of 3 conventional parking spaces, depending on the number of levels and the requirement of the project and area.

Automatic car parking systems also provide security and safety. The vehicles have no chance of getting vandalized or fall prey to theft, as systems can also implement security cameras for better surveillance and assurance of the safety of the vehicles. These systems are also extremely cost effective. This comes as a huge benefit to the builder/architect as they can focus on using the space and funds for multiple other reasons, such as a green space. A green space is where he may plant trees and contribute towards the overall sustainability of the city during such times. Also, these systems reduce the toxic gas emissions. As these systems are built vertically instead of horizontally, they also significantly reduce the land costs. These systems offer the builder a lot of flexibility that traditional parking spaces don’t, hence giving an overall advantage to the builder.

In India, these multilevel car parking systems definitely need to be implemented in every area possible. For a country that sells more than 15 lakh cars per year, the time isn’t far when traveling somewhere by a vehicle will take at least a couple of hours, within the same city! Putting these systems into practice will not only help with the ever-growing congestions within our cities, but it will also help us keep the cities clean. It will get rid roadside parking, illegal parking or any other haphazard parking practices that we have today that lead to major congestions everywhere. Further advantages of these systems are free flowing traffic, increased green spaces, reduced chances of accidents and vehicle damages, clearer roads for emergency vehicles and lesser emission of greenhouse gases.