Today there is a lot of confusion involved in allotment of parking in Government as well as Private parking spaces. However, there is no assurance of parking in some cases when there is too much traffic and crowd. Moreover, there is a high requirement of staff in making the current infrastructure work, which in turn is a load on the management. The current system is also least dependent on technology and does not use any efficient procedure to manage and maintain the parking lots. This in turn has led to increased human intervention which also makes the management of staff difficult. Due to lack of technical expertise, the system also falls back on security. The proposed system will feature high-end technical implementations such as Detection of available spaces in a single parking loT. This is achieved using high definition cameras, powerful cloud infrastructure, and various Application Programming Interface . Also, the proposed system will use a combination of physical sensors along with a digital system architecture which will make the installation, management of the parking lot, and budget management comparatively easier than the current manual system. The proposed system uses physical sensors capable of detecting vehicular movement as well as any unusual activity without the need of heavy processing on the cloud. The authors have used cloud infrastructure only to store details of various parking spaces and to ease the current payment system and provide variety of digital payment processing options.