OTHER NEWS | MISCELLANEOUS

How Expensive is Parking at Mumbai International Airport

  • Updated Monday Jun 03 2024

How Expensive is Parking at Mumbai International Airport

An old article recently surfaced from 2014 complaining about how the parking at International Terminal at Mumbai Airport had become very expensive.

 

The author lamented, parking charges of Rs. 110 even for 2 mins pick up!

 

10 years later, we decided to understand how expensive has parking become at Mumbai International Airport, and how does this stand compared with other airports around the country and the globe.

 

So, parking charges at the International Terminal in Mumbai now stand at Rs. 340 for the first 30 minutes. That is an entire 3 times increase since charges 10 years ago! Compounded average rate of growth (CAGR) is just under 12%. This implies that on average parking at the Mumbai International Terminal has become 12% more expensive every year.

 

Comparatively, Delhi airport parking charges are Rs. 120 for the first 30 mins. And Bangalore airport parking charges are around Rs. 100 for the first 2 hours.

 

Mumbai is by far the most expensive airport for parking vehicles in the country. Now if we look at a couple of prominent and busy airports around the globe.

 

Dubai airport has parking charges of AED 30 for the first 30 minutes, which amount to Rs. 680

 

Heathrow airport in London has parking free for the first 30 minutes. After this minimum parking charges are GBP 9.40 (equivalent to around Rs. 950)

 

JFK Airport in New York has parking charges of around $6 for the first half hour and then $6 for every half hour afterward. This works out to around Rs. 500 for the first half hour.

 

Thus compared to the top global airports, Mumbai Airport is still slightly cheaper, but given Purchasing Power Parity it is in fact one of the most expensive airports to park in across the globe.

 

Perhaps the authorities could protect customers from being overcharged for parking, and facilitate convenience for arrivals.

Share News


Please Login to place a comment

Login Now

SUBSCRIBE TO OUR NEWSLETTER

Our weekly newsletter provides you with the latest and most important happenings in the industry.

© All rights reserved © Landmarc News
2024 © Developed By Open Elite