Hyderabad: In a significant development, Hyderabad's first automated multilevel car parking lot is all set to come up at Nampally.
The foundation stone for the 15 floor structure was laid by Chief Secretary SK Joshi here on Saturday.
Speaking on the occasion, Joshi said the entire area of Nampally will transform into an urban space once the automated parking lot becomes operational.
An ultra-modern building with prefab technology consisting of 15 floors (including 3 cellars) will be completed in nine months near Nampally metro station in PPP mode by Hyderabad Metro rail Limited. Ten floors would be used for parking and five floors for commercial purpose.
The multi-level car parking complex is a joint venture- BHARI Infra Pvt Ltd and RCM Infrastructure Ltd is using PALIS parking system from Germany in half an acre at a cost of Rs 60 crore.
Of the 15 floors, five floors are to be earmarked for commercial activities. The project is being taken up at a cost of Rs.60 crore and will be completed in nine months, said HMRL Managing Director NVS Reddy.
On the much-awaited launch of Metro Rail services on the Ameerpet-LB Nagar route, he said it will be done this month.
With apprehensions raised over the launch of Metro services on the route in view of Assembly being solved, he said that will not be a hindrance for the launch.