India, Feb. 16 -- The Municipal Corporation of Delhi (MCD) has planned to set up nine new multilevel parking lots at key markets and arterial roads across the city, with a combined capacity to accommodate over 4,400 vehicles, officials said on Sunday.

The cumulative cost for the nine parking establishments is estimated to be around Rs.775 crore and is expected to increase the capacity of parking lots under MCD by 40% -- from current 10,751 cars to 15,157.

As per a submission by the civic body to the government, chaired by chief minister Rekha Gupta, the nine locations are Idgah Road in City SP zone; Rajinder Nagar and Shashti Park in Karol Bagh zone; Nand Nagari and Babarpur in east Delhi; and four facilities in West zone - PVR Janakpur...