Water affects Gurgaon realty market!
Ever heard of water affecting the housing sector in a city?
Yes it is true in case of Gurgaon!
The ground water level in the city has been going low at an alarming rate which in turn is affecting the real estate projects in Gurgaon and Faridabad.
Keeping the water level in mind, Central Ground Water Authority has refused to more extraction of ground water for construction works.
Due to which, many big projects are tabled for time being.
Many renowned developers are worried over the refusal as they require many litres of water for further construction.
Source: Hindustan Times
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