otopark is India’s first community driven solution that connects people looking for parking (Guests), with Hosts who have parking space to share, so that you can find parking when you need it and earn money when you don’t use it. It is important to note that otopark is among those noble organization that values environment the same way it values its customers.
Parking has always been a serious concern to the mega-cities around the world, be it New York, London, Mumbai or Hong Kong, problems related to parking has always been an unavoidable concern to the modern human society.
With rapid urbanization, the level of vehicle usage has seen a serious spike. For instance, according to Times of India there are almost 700 new vehicles hitting the roads of Mumbai everyday. Similar trends can be observed in other mega-cities of India as well.
otopark is committed to providing a smart and sustainable solution to tackle such a concerning issue. During our research we observed that there are various start-ups or companies in India that are trying to solve this problem of parking through digitization of the existing parking infrastructure, but they are unaware of the fact that digitizing only will create visibility of the parking space, however what about supply and demand? What if there aren’t enough parking spaces to fulfill the growing need?
To answer such questions, we at otopark conducted an intensive research of demand and supply gap of parking spaces of the mega-city Mumbai and the results were astonishing. Currently there are more than 34 lacs vehicles on the streets of Mumbai and the total number of maximum possible parking space available will sum up to 70000 parking spaces and even worse to say is, the actual current demand is 284,000 parking spaces (Times of India, 2018). This means for every 4-parking area in demand, only one is available. This demand of parking will observe a steep rise and by 2034 this demand will reach 537,000 parking spaces (Mumbai Mirror, 2018).
In order to tackle this imbalance of demand and supply, we need effective parking management strategies and one of them is shared parking strategy. Shared parking is an innovative land use strategy that helps optimizing parking spaces in mega cities like Mumbai, Bangalore etc.
Private parking owners such as co-operative housing society (CHS), hotels, companies, universities, hospitals, apartment buildings, etc. and individuals can share there parking space at times they don’t use it and earn hassle-free extra money. This allows drivers to park their car at parking spaces that are so far not accessible for them, alleviating road congestion and parking crisis along with decreased pollution.
Hence every parking owner can share their parking space via otopark and contribute to the sustainable parking system. Sharing parking will have significant positive impact on carbon emission and overall pollution.
Sharing parking via otopark will add a new hassle-free and secured source of income for people ready to share their parking space and will help millions of people circling around the block everyday, in search of right parking.
Visit our website www.otopark.in today and join the smart parking revolution.