How the Realty Sector can cope with growing water crisis – RealtyCheck by Vivek Shukla

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How the Realty Sector can cope with growing water crisis
 [ Editors Note Vivek @ SmarterHome panelist  at IoTNext 2019 Scaling of Startups ]

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Water scarcity is not something India isn’t familiar with, however, its overarching expansion across cities is a serious matter of concern.
In states like Karnataka, governments have proposed bans on new construction activity for a period of five years to deal with the water scarcity crisis.
Chennai is another major city whose realty sector has been hampered by water scarcity.
The Metrowater Supply and Sewerage Board in Chennai has reduced piped water supply, forcing builders to buy water at higher rates thereby increasing construction costs as a result, and delaying completion.
As per the 11th edition of Knight Frank’s flagship half-yearly report, the water shortage in Chennai could slow down construction activity by about six to nine months.
Water consumption patterns in domestic households in major cities show supply-led water deprivation as the prevalent trend.
The per capita water availability in these cities does not match the standards laid down by the World Health Organization (WHO) or the Bureau of Indian Standards (1993).
Twenty-four-hour water supplies in municipal taps are mostly just aspirations for households in large cities.
This further impedes the realty sector with the already escalating water crisis.
Builders and home owners can tackle this problem through the use of Smart water metering technology.
IoT has enabled a smart water metering solution for high rise buildings to ensure that people pay as per their water usage.
Smart meters are capable of reading individual consumption and offer the readings to the consumer in real time and help prevent water wastage by detecting leaks and shutting off the water supply.
The WHO prescribed water usage is 150 litres per person per day which translates to 600 litres per day.
This 35% water can be saved with smart water meters.
When people are aware of the amount of water they consume and have to pay for what they use, there is an immediate behavioural change to bring down the consumption

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