Water Crisis And Real Estate 

"Water is the driving force of all nature" This quote is now becoming true day by day. Water is the most essential element that humans need on earth, and even for a day, if it's not available, there will be chaos everywhere. This is what is happening in Bengaluru and Gurugram. 

The water crisis in Bengaluru and Gurugram is not a mere inconvenience but a severe problem that has led to a 10-15 per cent decline in property prices. Real estate experts even predict a potential 50 percent drop in the Bengaluru market. This is not a scenario to be taken lightly, but a stark reality that demands our attention. 

What Caused Water Crisis In Bengaluru?

The water crisis in Bangalore, India, is primarily caused by rapid urbanisation, poor water management, and overexploitation of groundwater resources. As the city experiences significant population growth and urban expansion, the demand for water has soared, surpassing the available supply. 

One of the main issues is the degradation of lakes and water bodies due to encroachment, pollution from untreated sewage and industrial waste, and urban development, and exploitation of greenery, green space reduced to 5 percent in Bengaluru leading to the loss of natural water storage and filtration systems. Additionally, deforestation and concrete paving reduce the land's ability to absorb rainwater, exacerbating flooding during the monsoon season while reducing groundwater recharge.

Bangalore's reliance on groundwater has further worsened the crisis, with widespread drilling of borewells leading to the depletion of aquifers beyond sustainable levels. Furthermore, inadequate infrastructure and water distribution networks result in leakages and inefficiencies, exacerbating the scarcity.

Water Crisis And Its Impact On Gurugram and Bengaluru Real Estate 

In Gurugram and Bengaluru, the water crisis significantly impacts the real estate sector. In Gurugram, water scarcity leads to decreased demand for residential and commercial properties, as the need for a more reliable water supply for the daily needs of more entities prevents potential buyers and tenants. Property values may decline, affecting investments and development projects.

In Bengaluru, a city already wrestling with water shortages, the crisis worsens existing challenges in the real estate market. Developers need help in obtaining necessary permits and approvals due to water-related infrastructure concerns. Buyers and renters prioritise properties with access to reliable water sources, leading to increased demand in certain areas and decreased demand in others. As a result, property prices fluctuate unevenly across the city, impacting market dynamics and investment strategies. 

Because of these issues, residents and working professionals are migrating to cities like Noida, where there is no water scarcity, ample green areas, better air quality, and low traffic congestion as compared to Gurugram and Bengaluru.

Water and property prices are proportional

As we all know, life is not possible without water; we need water for bathing, drinking, cooking, and cleaning. Water is an inseparable part of our daily life. However, not having adequate water or water scarcity has turned Bengaluru and Gurugram into Death Valley. Because water is the most paramount aspect of human life, residents living in Bengaluru and Gurugram are moving out of the city in search of a better quality of life. Already, the people were suffering from immense traffic congestion and high air and noise pollution, and now water scarcity is hitting them hard. These factors have pushed residents to invest in real estate in other areas like Pune, Noida and Indore. 

However, people living in these regions are mostly IT professionals, and they prefer living in only places where big IT giants are situated with adequate infrastructure to support their needs. Noida is the only city in India that is a great or the most appropriate replacement for Gurugram and Bengaluru. Let's evaluate it more meticulously. 

Why Should Noida Be Your First Choice In Real Estate Investment?

Noida is not just any city; it's India's greenest city, with nearly 50% green cover, which is the highest of any city in India. This unique feature of noida is its great water conservation and maintainance of adequate water levels. Water will play a significant role in real estate sales in the near future, and Noida's unique combination of planned development, ample greenery, and water sufficiency make it a compelling choice for real estate investment. 

Water and green space are becoming the driving force in Noida's real estate investment. Noida's AQI is better than other cities; this also gives Noida an edge in terms of real estate investment. Moreover, people living in Gurugram and Bengaluru prefer places with MNCs and IT Giants for better living and ample job opportunities, and Noida provides both.

List of Top MNC companies in Noida

⇒  HCL Technologies Limited 
⇒  Adobe Systems Incorporated 
⇒  Samsung Electronics 
⇒  Nokia Corporation 
⇒  Ericsson 
⇒  Genpact 
⇒  EXL Service 
⇒  Wipro Limited

Property appreciation in Noida is not a mere trend, but a result of strategic planning and foresight. With prices rising by 40% over the past three years, Noida's real estate market is on an upward trajectory. And with water set to play a pivotal role in shaping the sector, this is the right time to invest in Noida.

Commercial Noida's View 

I, Sumit Mishra (Real Estate writing Expert and Writer with Commercial Noida), On behalf of Mr. Varun Choudhary (Co-Founder Of Commercial Noida), who has phenomenal expertise in real estate and helped thousands of people growing their money by investing in Noida's real estate market, believes that Noida will be the next IT and MNC hub of the whole India and its property prices will double in the upcoming years, offering a promising return on investment.

Mr. Varun Choudhary predicts that Noida's greenery and water sufficiency will play a great role in shaping Noida's real estate. Also the high demand and migration from other states will boost its value twice in the upcoming years. Noida is also witnessing rapid infrastructure growth and high infusion of capital. Apart from these factors, Noida's seamless road connectivity, low pollution, better AQI Index Score, and Planned Development will also be driving forces for Noida's real estate appreciation.

Conclusion 

Noida is the best place to live in India, as it provides everything: great infrastructure, seamless connectivity, Adequate water, the largest green area of over 50 per cent and the best property appreciation among other cities. Investing in Noida's real estate is not just a financial decision; it's a secure investment that will continue to grow even while you sleep.