As per the estimates of Jones Lang LaSalle Property, a leading worldwide property consultancy company, about fifty five,500 units are beneath construction in exclusive constituents of the Chennai Metropolitan subject, Sriperumpudur, Orgadam, apart from Chengalpet and Tiruvallur. Enterprise sources said builders have already began feeling the pinch of water woes at construction web sites as water tankers have jacked up prices. “The price of 1 load of water tanker with a ability of 12,000 litres has in creased from Rs 900 a couple of months ago to at any place between Rs 1,200 and Rs 1,500. It’ll extra shoot up in the weeks ahead,” mentioned k Chandrasekar, president of Chennai real estate agents organization. The motive behind the soar in water tanker tariff is because of a variety of reasons including escalating demand for water from occupants in apartments and industrial constructions, he notes.
Water is utilized in various stages of building such as mixing concrete and mortar and curing, besides assembly the requisites of employees. N Nandakumar, former president of Tamil Nadu chapter of Confederation of actual property builders Associations of India (Credai), says round 2,500 litres of water is needed for every square foot of development till its completion. “The quantity (2,500 litres per rectangular toes) is calculated by means of contemplating the water utilised at each stage of development from the groundwork to handing over the property to purchasers and water required for the group of workers. The number of water is uniform for each industrial and residential initiatives,” he said.