Development of multi-level parking

Introduction

Manual MLCP

Manual MLCPs account for much higher building cost as compared to the automated MLCPs. Also, the cost of ventilating systems, security personnel etc. to be borne by the developer.  In the case of manual MLCPs, the car is to be driven in and parked in available slots. Waiting period may be limited to payments to the cashier as against loading and unloading of passengers as in automated system.

Multi floor parking type‐circulation

After entering the vehicle in the parking garage, the parking system is designed to move the vehicles vertically with elevators on each end. The garage consists of several levels where the vehicles are moved horizontally which rotate the pallets in conjunction with the elevators.. The multi floor circulation type is suitable for small and mid‐sized buildings because of its high space efficiency.

 Advantages:

With eight times the space efficiency of a ramped garage, this system can use the narrow basement spaces to its maximum capacity.

Up to six levels can be equipped with this new technology.

With the adoption of the high speed lifting mechanism, the elevating speed has become very quick, thereby significantly shortening the time required for entering and leaving.

With the upper entrance design, it is convenient because the built‐in turntable allows for easy entry and exit.

Location Site

The project area is located at Kalol Ta. Kalol Dist. Gandhinagar

About Kalol

  Kalol is a city and a municipality in Gandhinagar district in the Indian state of Gujarat.

Geography:

Kalol is located at 22.6° N 73.45° E. It has an average elevation of 100 metres (328 feet).

Demographics:

As of 2001 India censusGRIndia, Kalol had a population of 100,021. Males constitute 53% of the population and females 47%. Kalol has an average literacy rate of 75%, higher than the national average of 59.5%: male literacy is 80%, and female literacy is 69%. In Kalol, 12% of the population is under 6 years of age.

Raw Material Study

There are mainly civil, mechanical, engineering , electrical work carried out for developing the this multilevel car parking facility. This each category of the work demands different types of the raw materials like the civil work include the laying of the foundation for the parking facility and in this work raw materials like cement, concrete, iron rods , sand etc are required. These materials are easily available in the local market of  the kalol. There are numbers of the construction material suppliers available in the local market.

In case of the mechanical work and engineering work , different types of activities are carried out like creation of the selves for the parking and in this work raw materials like steel frame, welding machine, different types of the nut-bolts required. So here in this case only some types of nut-bolts and steel frame are not available in the local market so they are purchased from the ahmedabad or chattral because there are numbers of engineering parts manufacturing industries are there in both those places.

In case of the electrical work different electrical components for the lighting facility are required and they all are easily available in the local market and in case of ventilation system various types of materials are required that are also available in the local market.

Demand Study

For ensuring the whether there is demand for the multilevel parking facility , observation of the current parking facility and average numbers parked are identified as follows

Average numbers of  Four wheelers parked = 20

Average numbers of Two wheelers parked = 30

There is no parking facility available for all those vehicles so people park their vehicles nearby the road wherever they find the space so there is also traffic problem and insecurity of the vehicles parked is there so if there is parking facility developed then people have benefit out of  it so there is obvious demand for the parking facility.

Technical Study

This parking facility requires 1500 sq. ft . space. There are 4 selves and in each shelf is having capacity of 10 vehicles.  First two selves for the four wheelers and remaining shelves are for the two wheelers. Between two shelves 4 M distance is there.

The parking system is permitted cars with the following criteria

Max length – 4.8 M

Max Height – 2.0 M

Max Width – 1.9 M

Max Weight  - 2500 kg

  

Time Estimates

Laying Foundation = 15 days

Construction work = 30 days

Raw material purchase = 15 days

Mechanical work = 15 days

Electrical work = 10 days

Other works = 15 days

 Total duration for the completion of the project work is 100 days.

  

Project Capital Cost Estimates and Sources of Finance

Expenditures	Amount (Rs.)
Cost of the land Civil work ( laying foundation, construction of building) Mechanical system Electrical system Ventilating system Cost of personnel (5laborers@ 2500 Rs/month) for 12 months	2,00,000 1,50,000 50,000 10,000 5,000 1,50,000
Total	5,65,000

Sources of Finance

The external source of finance for the project is Bank loan @ 10% and it is 30% of the total capital cost.

5,65,000 * 30/100 = 1,69,500 Rs

Remaining part of the finance is obtained from the internal source.

  

Projected Revenue

  

Duration of Parking (hrs)	Parking Charges for Four Wheelers (Rs.)	Parking Charges for Two Wheelers (Rs.)
8.00 – 12.00	40	20
5.00 - 8.00	30	15
Min 5.00	20	10

Here, assumption is made that 20%  of average numbers of vehicles are parked for more than 8 hours and from remaining 80% vehicles, 50% vehicles parked for 5-8 hours and 50% vehicles parked for min 5 hours. so revenue is calculated accordingly.

Here another assumption made is that parking charges increase as the inflation rate increases year by year at 5%. Salvage value at the end of the 5 year is zero.

Revenue

For the first year

20% vehicles parked for more than 8 hours so parking charges for them are 40 and 20 Rs for four and two wheelers respectively.

So revenue of it is 5* 40 = 200 Rs/day for four wheelers and 5*20 = 100 Rs/day for two wheelers. So total revenue for 20% is 300 Rs/day

Now from remaining 80% vehicles 50% parked for 5-8 hours and 50% parked for min 5 hours.

Revenue from first 50% vehicles is as follows

10 * 30 = 300 Rs/day for four wheelers

10 * 15 = 150 Rs/day for two wheelers

So total revenue for these 20 vehicles is 450 Rs/day

Revenue from second 50% vehicles is as follows

10 * 20 = 200 Rs/day for four wheelers

10 * 10 = 100 Rs/day for two wheelers

So total revenue for these 20 vehicles is 300 Rs/day

So finally total revenue generated out of all 50 vehicles is 1050 Rs/day

Monthly revenue is 30 * 1050 = 31,500 Rs

Yearly revenue is 12 * 31500 = 3, 78,000 Rs for 1^st year

For second year 4,15,800 rs

For third year 4,57,380 Rs

For fourth year 5,03,118 Rs

For fifth year 5,53,430 Rs 

		Year-1	Year-2	Year-3	Year-4	Year-5
1	Total revenue	3,78,000	4,15,800	4,57,380	5,03,118	5,53,430
2	Expenditure	2,15,000	2,36,500	2,60,150	2,86,165	3,14,782
3	EBDIT	1,63,000	1,79,300	1,97,230	2,16,953	2,38,648
4	Depreciation	15,000	15,000	15,000	15,000	15,000
5	Interest	16,950	16,950	16,950	16,950	16,950
6	PBT	131050	147350	165280	185003	206698
7	Tax (5%)	6553	7368	8264	9250	10335
8	Net profit	124497	139982	157016	175753	196363

Cash Inflow

Year	Cash inflow (Rs.)
1	1,24,497
2	1,39,982
3	1,57,016
4	1,75,753
5	1,96,363

Profitability analysis

Pay Back period

Year	Cash inflow (Rs.)		Pay back period(year)
	Actual	Needed
1	1,24,497	1,24,497	1
2	1,39,982	1,39,982	2
3	1,57,016	1,57,016	3
4	1,75,753	1,43,505	0.9
5	1,96,363

Payback period for this project is 3 years and 9.9 months

Conclusion

This project is having good net cash inflow per year and less payback period so it is profitable to implement it. This project implementation also very much helpful to the society also that solve the traffic and parking problem for them and also security problem for their vehicles also.