Hyderabad Metro Rail Limited (HMRL) is taking up a similar project at Khilwat in the old city, after launching Hyderabad’s first automated Multi Level Car Parking (MLCP) at Nampally

The MLCP at Khilwat is coming up in an area of about 1.2 acres and will accommodate nearly 225 cars and 300 two-wheelers. The estimated cost of the project is Rs.30 crore and the concession period is for 50 years, HMRL Managing Director NVS Reddy said.

HMRL has already floated tenders for executing the project. The facility will be a multi-floor structure and the concessionaire will be permitted to develop commercial space for generating revenue, he said.

The project will be taken up under Public Private Partnership (PPP) mode on design, build, finance, operate and transfer (DBFOT) basis. Given the proximity with historic structures like Charminar, Chowmohalla Palace, the site is suitable for commercial development and there is a requirement for parking space as well. Due to insufficient space, tourists visiting the historic structures are finding it difficult to park their vehicles. This apart, with many local commercial establishments mushrooming in the area, there is a demand for sufficient parking space.

The concessionaire can develop commercial space and can generate revenue through parking fee and advertisements. As per applicable rules, the concessionaire can install hoardings in suitable locations in the commercial space, besides generating rents. The concessionaire will have the flexibility to charge any rentals for the commercial space licenced to third party.

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