Growing population is a significant challenge of all over the world, which increasing the number of vehicles day by day, that's reason more parking spaces are required. Parking elevators are a solution of the problem. Various types of parking elevators are available in market like 2 -Post Type, 4 -Post Type, Puzzle Type, Rotary Type, Pit Type, etc. These elevators can be operated using a variety of mechanisms like Chain sprocket, Hydraulic, Lever, Lead screw, Rope pulley. An innovative mechanism for the said application has been thought of, and its design has been validated in the present work. The said mechanism comprises of a lead-screw based assembly to transmit the required torque to lift the elevator platform. Various components are checked for failure criteria based on exploration of a variety of available literature. The design calculations are further cross -verified using CAE analysis. A 3D model has been generated and Analyzed for different load conditions. The results verify the safety of the proposed design.