Suvidha Parklift to develop 300 projects

Multilevel parking solution provider Suvidha Parklift plans to develop 300 projects over the next three years eyeing a turnover of Rs 400 crore by 2013.

The company, which has completed 20 projects and 12 are under construction, is currently working for L&T, DLF, Tatas, Infosys and Satyam among others. It has already identified projects in Tier I and II cities.

"The company has planned to develop 300 parking projects across the country over the next three years," Suvidha Parklift Director Pranav Poddar told PTI.

Suvidha Parklift has bought the rights of the parking technology from Italian Interpark and Japanese FAMM for the Indian subcontinent, Poddar said.

"... Though we have bought the rights, but the hardware and software are indigenously developed. Of the 300 to be developed projects, about 90 per cent will be for private companies, while the rest will be under government projects on BOT (built-operate-transfer) scheme," he said.

On the cost of construction, Poddar said it would be in the range of Rs 1-4 lakh per car depending on automation level.

"In the conventional system, 32 sq mt space is required for one car to be parked, but with the modern techniques, the average size required is between five sq mt and 20 sq mt depending on the level of automation," he said.

The company is expecting a turnover of Rs 40 crore during the current financial year from Rs 8 crore in the last fiscal, Poddar said.