Delhi cheapest place to park, London most expensive
Delhi is the cheapest city in the world for parking while London has earned dubious distinction of being costliest place for the same. World's Best Airport | Fighter planes
By PTI |
LONDON: Delhi is the cheapest city in the world for parking while London has earned the dubious distinction of being the costliest place for the same, a study indicated on Wednesday.
In Delhi it costs less than a Pound (Rs 86.4) to park a car per day. The monthly rate for a space in London tops the list at 586 pounds - exactly double midtown New York, according to the first global study of parking charges.
Close behind is the West End, where monthly rates for motorists are 568 pounds. Daily parking follows a similar pattern, with the City costing 34 pounds followed by Amsterdam, the West End, Moscow and The Hague.
In Delhi it costs less than a Pound (Rs 86.4) to park a car per day. The monthly rate for a space in London tops the list at 586 pounds - exactly double midtown New York, according to the first global study of parking charges.
Close behind is the West End, where monthly rates for motorists are 568 pounds. Daily parking follows a similar pattern, with the City costing 34 pounds followed by Amsterdam, the West End, Moscow and The Hague.
| Also Read |
Australia has some of the most expensive cities in the world for parking as a result of its strong economy and surging currency. Sydney is the third most expensive city on a monthly basis at 387 pounds, while Brisbane and Perth make the top 10.
Regions such as Latin America, Africa and the Middle East are relatively inexpensive but are showing signs of car park inflation which is becoming more structured. However, global financial centres dominate the list, compiled by Colliers International, a property consultancy.
"Whether to park for a day or to have access to parking any time during the month, the world's top financial centres are among the most expensive in the world," the report said.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
