Wednesday 9 December 2015

CHENNAI FLOODS: A LESSON FOR REALTY SECTOR


A region being close to coast, riverbeds or under the radar of regular or irregular monsoons is sure to receive Poseidon’s wrath anytime. This brings our attention towards the importance of having a strong drainage management system along with sturdy structures in the regions so as to avoid any form of damage or bringing the region to a standstill. The recent Chennai floods have come out as an eye-opener for several realty regions such as NCR, MMR, etc. as they sit along several rivers and face irregular and untimely rains throughout the year. As the global warming is catching pace on the planet Earth, nature’s forces must be taken seriously for a better future of all. Thus, we now look into how well Indian realty is prepared from the developers’ perspective or infrastructure facilities currently available in the regions.



To answer how developers are imbibing features and facilities to allow residents to live peacefully during situations of catastrophe, Mr. Sushant Muttreja, CMD, Cosmic Group avers “Whenever a project is planned, proper monitoring of habitat and environment is done so as to understand the extent of damage it may put on the structures in event of worst case scenario. Thus, all of our projects are planned keeping in mind stability of the structure and added facilities with sufficient trained manpower that allows such disasters to be managed with utmost care”.

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