Mantri Square (Mall) is arguably South Asia’s biggest mall, but clearly India’s largest. Situated in Bangalore, India; it opened its gates on March 01, 2010. Recently, it has received criticism for pumping in more traffic to the already congested Malleshwaram locality. What has come under immense fire is their insufficient parking. By distracting the public’s attention to much larger issues, Mantri Square Mall has been successfully running a good penny scam. A penny scam is one, where you get users to fork out small amounts of money which when added up benefits the establishment in crores.
Mantri Square Mall Parking Scam
The scam came to my attention when I visited the mall two Sundays in a row. They coolly asked me to fork up Rs. 50 right underneath a board which claimed the parking fees to start at Rs. 20 onwards. To add to it, they decided to give a parking slip with no rates mentioned on it. When quizzed about the same, their response was that their parking system wasn’t ready and functional as yet, so they can’t log the in and out time. This despite the ‘parking ticket’ having options for in and out timing. Here are a few photographs shot using my mobile camera:


What’s worse is that the security personnel at the exit gate take the ‘parking ticket’ away from you, leaving you with no proof of payment (not that there was any to begin with).


Professional operators of malls such as the Forum Mall provide you with a printed receipt of payment when asked for. Not to mention their system is computerised and logs each vehicles entry and exit time allowing all transactions to be recorded and reported. One can only estimate the professional manner in which a mall such as Mantri Square Mall is run since even after 2 months since launch they don’t have a parking system in place. And maybe intentionally so. Allow me to explain how.
Parking Scam Runs Into Crores
Listed below are the calculations of the undeclared profit for the Mantri Square Mall Parking Scam. Calculating conservatively, the final amount runs up to a cool cash pool of Rs. 1,83,00,000 (one crore, eighty three lakhs); possibly undeclared, unaccounted black money.
Total Parking Capacity: 2,000
Car rollover: 250 cars/hr from 1200 − 2000 hrs
Extra Cars Parked: 2,000
Total Cars Parked: 4,000 (at full capacity)
Conservative Undeclared Margin Per Car – Rs. 25
105 weekends/yr (at full capacity) – Rs. 1,05,00,000 (undeclared)
260 weekdays/yr (at 30% capacity) – Rs. 78,00,000 (undeclared)
Total Undeclared Margin – Rs. 1,83,00,000
That’s 1 Crore 83 Lakhs. Definitely not a small figure and arrived at with conservative calculations without taking into account the margins from two-wheeler parking. Quite clearly the number could exceed 2 Crores.
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So, what should Mantri Square Mall have done. Here’s my simple three step plan to restore consumer confidence:
- Install a parking system, tomorrow (yes tomorrow!)
- Charge the users the lower-end of the parking fee (Rs. 20)
- Print the price of the parking fee on the ticket
While Mantri Square Mall would love to argue on the second point, my take on the issue is that it’s their fault (and laziness) that the parking system is not ready, why should consumers bear the burden? Either make the parking free, or charge the minimum fee.
The only question on everyone’s mind after reading this would be: What will Mantri do?
