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Modern India "Edge City" Facing Water Crisis
It’s where everything that is this great big, consumptive India is happening. Property prices have shot up out of control in Gurgaon. But the water table in Gurgaon is dramatically falling.
The farms around the area start to dry up as these new satellite cities form and the ground water is taken away. So there is tension between the urban and rural areas. It’s not like the rural area is far away—it’s right there on the outskirts of the satellite city. These tensions are going to rise and people that moved there will probably see the first great drop in property prices. Then they’ll wonder, “What happened?” What happens is that people will say, “Why go live there? In five years there’ll be no water there.” People will feel it as the property prices come crashing down, as I predict they will. »
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