Bengaluru offers 100% tax waiver for vacant land owners to set up parking

The Bengaluru civic body has announced a scheme offering complete tax waiver to owners of vacant land who convert their plots into public parking facilities. The proposal aims to address the city's acute parking shortage by incentivizing private landowners to participate in parking infrastructure development.

Under the scheme, landowners converting their vacant land into parking spaces will be exempted from property taxes. The initiative seeks to leverage private land resources to ease vehicular congestion and improve parking availability across the city.