Despite severe flooding last year, demand for luxury homes near the Kaushalya dam remains high, but residents and experts raise concerns about environmental safety and risk mitigation measures.
Luxury HomesFlood Prone RiverbankKaushalya DamEnvironmental SafetyRisk MitigationPanchkulaKalkaReal Estate NewsJun 26, 2024
Despite the risks associated with living in a flood-prone area, residents are drawn to the area's natural beauty and proximity to the city.
The area is prone to flooding, and the construction of houses and buildings near the riverbank is altering the geography, making it more vulnerable to floods and landslides.
The government is being urged to implement risk mitigation measures, including river protection works and managing the river's flow, to ensure the safety and well-being of residents.
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Prices of luxury homes in this area are extremely high, with 3 BHK flats selling for up to Rs 3.35 crore and plots costing over Rs 2.25 crore.
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