In order to achieve quicker, simpler, and denser parking while utilizing the least amount of fuel, time, and space, smart parking uses a combination of technical advancements and human innovation. With the growth of the Internet of Things, the concept of innovative smart cities has gained a lot of popularity lately. Urban infrastructure must be effective and enhance productivity and reliability, and ongoing IoT operations are being carried out. IoT is utilized to address problems including traffic congestion, a shortage of parking spots, and road safety. The author presents an IoT-based virtualized intelligent system in this study. The installation of an IoT module on the property is required for the proposed smart parking system in order to track and report on the performance of each parking spot. A software tool is furthermore made available, allowing users to keep track of both booked parking spaces and open spots. The last section of the study evaluates the functioning of the system as a use case to show the correctness of the recommended solution. The report also recommends having a high level grasp of system design.