BMC plans parking curbs in narrow lanes

Mumbai: Amid mounting concerns over delayed emergency response in congested neighbourhoods, the Brihanmumbai Municipal Corporation (BMC) is preparing to enforce parking restrictions in several narrow lanes across the city, where indiscriminate on-street parking has increasingly emerged as a critical civic hazard. The move, expected to be implemented soon, is aimed at ensuring unobstructed access for fire engines and ambulances in densely populated pockets where even minor delays can have...

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Mumbai: Amid mounting concerns over delayed emergency response in congested neighbourhoods, the Brihanmumbai Municipal Corporation (BMC) is preparing to enforce parking restrictions in several narrow lanes across the city, where indiscriminate on-street parking has increasingly emerged as a critical civic hazard. The move, expected to be implemented soon, is aimed at ensuring unobstructed access for fire engines and ambulances in densely populated pockets where even minor delays can have life-threatening consequences. “Illegal parking is not merely a compliance issue; it reflects the structural gap between the rapid growth in vehicle ownership and the limited parking infrastructure available in our cities,” said Prashant Sharma, President of NAREDCO Maharashtra. “As urban centres continue to densify, there is a pressing need to integrate well-planned and technologically enabled parking solutions within city planning as well as new real estate developments. Adequate parking infrastructure will play a crucial role in ensuring smoother traffic flow and improving overall urban mobility,” he added. Highlighting the urgency for scalable interventions, Ashish Majithia, Founder and CEO of Nextkraft Parking Technologies, said, “Mumbai’s parking crisis, especially in older and congested localities, underscores the need for innovative approaches such as automated and multi-level parking systems. Automated or mechanised parking should be installed at every public parking spot, which can significantly increase capacity, reduce dependence on on-street parking and ensure that critical access routes remain unobstructed. Alongside regulatory measures, adopting vertical parking infrastructure will be the key to building safer and more efficient cities.” The civic concern is particularly acute in older parts of South and Central Mumbai, including Chandanwadi, Girgaon, Kalbadevi, Gaondevi, Tardeo, Mumbai Central, Nagpada, Agripada and Byculla, where over 240 narrow lanes have been identified. Civic assessments indicate that nearly 35 to 40 of these are so constricted that only a single vehicle can pass at a time, making them highly vulnerable during emergencies when every second is critical. Commercial Zones The situation is further exacerbated in high-density commercial zones such as Zaveri Bazaar and Kalbadevi, where wholesale trade activity leads to persistent vehicular congestion. Authorities warn that in the event of fires or medical emergencies, blocked access routes could result in severe loss of life and property, underlining the gravity of the issue as more than just a traffic inconvenience. According to civic officials, proposed measures include introducing odd-even parking systems in select lanes and declaring complete no-parking zones in others, coupled with stricter enforcement against violators. However, residents and business owners have raised concerns over the absence of adequate alternative parking infrastructure, arguing that enforcement without viable substitutes could shift the burden rather than resolve the problem. As Mumbai continues to grapple with rising vehicle ownership and shrinking urban space, the proposed restrictions bring into sharp focus a deeper civic challenge, balancing immediate regulatory action with long-term infrastructure planning. Experts maintain that unless supported by systematic investments in organised, high-capacity parking solutions, the city’s emergency access bottlenecks may persist despite stricter rules.

Why Women Are Better Investors Than Men

Kaustubh Kale
Mar 9, 2025
2 min read

Updated: Mar 10, 2025

As the world celebrated International Women's Day, discussions centered around women's achievements in various fields—business, leadership, science, and beyond. But one area where women consistently outperform men, yet receive little recognition, is investing.

Despite money management often being seen as a male-dominated field, women have quietly and consistently proven to be better investors than men. With patience, discipline, and a long-term mindset, women naturally possess qualities that make them superior money managers.

A Perfect Blend of Knowledge and Wealth

In Hindu mythology, Goddess Saraswati symbolizes knowledge, while Goddess Lakshmi represents wealth—two essential pillars of investing. The ability to manage wealth wisely stems from a deep understanding of financial principles, and this is where women excel. They take the time to learn, analyze, and make informed investment decisions rather than rushing into trends or speculation.

Why Women Make Better Investors

Several traits make women stand out as investors:

Patience and Long-Term Vision: Unlike men, who may be more prone to impulsive trading and get-rich-quick schemes, women tend to have a longer term mindset. Their ability to stay calm, especially during market fluctuations, leads to better returns over time.

Disciplined and Goal-Based: Women prioritize consistent savings and goal-based investing. This disciplined approach helps them build wealth steadily. Women naturally excel at budgeting, planning, and structuring investments to align with future goals, whether it’s children’s education, home buying, or retirement security. Their emotional connection with goals is what makes them stick to discipline.

Risk-Aware, Not Risk-Averse: Contrary to the stereotype, women are not afraid of risks—they are just more calculated about them, through appropriate asset allocation. Eventually, this approach ensures maximum returns with minimal risks.

Trust and Willingness to Learn: Women value education and expertise, making them more likely to seek guidance from a well-qualified financial advisor. Unlike men, who often overestimate their investing abilities, women approach financial decisions with a willingness to learn. Once they find a trusted expert, they follow sound advice instead of making emotional, short-term moves.

Women Leading the Financial World

These qualities are why many of the world’s leading financial institutions are now led by women. In India and abroad, we see prominent banks, asset management companies, and investment firms thriving under female leadership. Their ability to combine strategic thinking with emotional intelligence makes them exceptional at managing money—both at a personal and professional level.

Final Thoughts

With their trust in expert advice and a strong focus on financial education, more women should embrace their strengths and take control of their financial futures!