The Greater Hyderabad Municipal Corporation (GHMC), on 25 May 2012, signed a concession agreement with IL&FS Transportation Networks led consortium for a car parking project in Hyderabad.
The other member of the consortium is Futurcage Infrastructure India. The two companies have formed a SPV Charminar RoboPark for undertaking the development of an integrated multi level automatic car parking facility at Khilwat. The concession period for the project is 30 years which includes a construction period of two years. The project involves construction and development of an automated car parking along with real estate portion.