India, April 15 -- In response to residents' backlash, Bengaluru's municipal body, Bruhat Bengaluru Mahanagara Palike (BBMP), has announced a reduction in parking tax rates for residential properties. The civic body aimed to standardize and simplify the taxation system for parking spaces across the city.

"The proposal was notified as a draft and has not yet been implemented. However, as per citizen feedback, the parking tax for residential properties will be examined for further reduction by the government," the municipal body said in a statement on April 14.

Previously, parking taxes were calculated based on zonal classifications, leading to disparities and higher charges for certain areas. Under the revised Unit Area Value (UAV) rates...