Hoping to reduce the congestion on the roads, the Brihanmumbai Municipal Corporation will implement a four-fold hike in parking charges. With increased parking charges, the BMC expects lesser number of cars on the roads.

Parking charges for four-wheelers are likely to be hiked from Rs5 per hour to Rs22 per hour, for two-wheelers the rates will be Rs5 per hour from the current Re1. The rates will come into effect only after the BMC standing committee approves it. The rates will then be effective for the next 30 years with a 5% annual hike.