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GHMC, IL&FS sign pact for integrated multilevel automatic car parking in Hyderabad

Thursday, 31 May 2012
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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.
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