Gurgaon's groundwater level drops

The demeanor of Gurgaon, on front of real estate, keeps on changing, as it happens with other cities. Right now, a lot has been happening in terms of realty market as it seems that in a few years time Gurgaon will become a dry state. The cause of distress is the city's groundwater level which is depleting at an worrying rate. The groundwater levels in the city see a reduction of more than one meter per year. This alarming situation may seriously affect the real estate of Gurgaon as it may scare future investors of Gurgaon properties.

People are blaming receding groundwater table on the MNC boom, which has caused real estate developers to make more commercial properties and flats in Gurgaon. In the last two decades India real estate sector saw major movement in real estate Gurgaon. The real estate Gurgaon witnessed
mushrooming of innumerable multi-national companies which gave rise to numerous job opportunities that led to an exponential growth in population and the failure of civic agencies to cope with the situation.

The dropping of groundwater table has therefore been attributed to rise in number of companies, shopping malls and flats in Gurgaon. A high court order in the year 2012 had strictly prohibited  setting up borewells for groundwater extraction for construction and residential usage. But still many people use illegal borewell to use groundwater. According to the honorable high court's order only civic authorities can extract borewells water.

The city is under the grip of inflation right now. The prices for properties are quiet hefty. There is a dire need to work upon the things, so that properties are within the reach of every section of society.

Makaan.com, the property India website, lists all types of flats in Gurgaon and other cities across the country. Get to know the prices tends for Gurgaon flats in major localities, on quarterly basis.