India, Oct. 13 -- A woman in China who bought 196 parking spaces for around Rs.20 crore and won a legal battle against residents who accused her of monopolising parking facilities for profit has raised an interesting question for Indian real estate investors: Can parking spaces be bought, rented out and sold for a profit, much like residential flats, offices and shops?

According to a report by the South China Morning Post, a court in Changsha, Hunan province, ruled in favour of the woman, surnamed Wu, in February 2024, holding that her bulk purchase of parking spaces was legal.

The residential project was completed and launched to market in 2018. At the time, demand for homes and parking spaces was weak because the neighbourhood lacked ...