Bengaluru draft rules offer tax breaks for vacant-site parking

Owners of vacant sites could receive property-tax exemptions if they build organised parking facilities under the Karnataka government’s draft rules for the Greater Bengaluru Authority.

A multi-level or mechanised parking facility on such a property could qualify for a 100% exemption, while converting a site into a surface parking facility could bring a 50% exemption. The draft also proposes monthly passes for regular users of off-street parking.

For residents parking vehicles in front of their homes, annual permits of ₹15,000 to ₹25,000 have been proposed, varying by vehicle type. The government has also proposed higher charges for longer parking durations. Earlier draft rules set out the proposed residential permit fees.

Parking would be prohibited on highly congested arterial roads and could be restricted on major roads during peak hours. Building owners who do not provide required parking or use earmarked parking space for other purposes could face stricter action.

Suggestions can be emailed to acsuddoffice@gmail.com or sent to the additional chief secretary, Urban Development Department, Vikasa Soudha, by September 10.