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Viability of Rain Water Recharging at Green City Cooperative Housing Society-Gandhinagar


Affiliations
1 Shri Jairambhai Patel Institute of Business Management and Computer Applications, Gandhinagar, India
2 Anand Institute of Management, Anand, India
     

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Shortage of water, for domestic as well as industrial use, is the cause of concern across the world. India is also facing the same problem, which is likely to worsen in future, if certain preventive measures are not taken on sustainable basis. Among the various alternative technologies to augment freshwater resources, rainwater harvesting and utilisation; is a decentralised and environmentally sound solution. This research specifically analyses the economic feasibility of developing the rainwater recharging system at the Green City Cooperative Housing Society (GCCHS), Vavol, Gandhinagar. The cost-benefit analysis is also supported by the empirical research on the households residing in this society. Their awareness, readiness and the perceptions for developing such system were also evaluated. Overall, it was found that having rainwater recharging system is economically feasible and socially acceptable to the residents of the society.

Keywords

Capital Budgeting, Financial Feasibility, Rainwater Recharging, Viability, Water.
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  • Viability of Rain Water Recharging at Green City Cooperative Housing Society-Gandhinagar

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Authors

Jigna Trivedi
Shri Jairambhai Patel Institute of Business Management and Computer Applications, Gandhinagar, India
Bindiya Kunal Soni
Anand Institute of Management, Anand, India

Abstract


Shortage of water, for domestic as well as industrial use, is the cause of concern across the world. India is also facing the same problem, which is likely to worsen in future, if certain preventive measures are not taken on sustainable basis. Among the various alternative technologies to augment freshwater resources, rainwater harvesting and utilisation; is a decentralised and environmentally sound solution. This research specifically analyses the economic feasibility of developing the rainwater recharging system at the Green City Cooperative Housing Society (GCCHS), Vavol, Gandhinagar. The cost-benefit analysis is also supported by the empirical research on the households residing in this society. Their awareness, readiness and the perceptions for developing such system were also evaluated. Overall, it was found that having rainwater recharging system is economically feasible and socially acceptable to the residents of the society.

Keywords


Capital Budgeting, Financial Feasibility, Rainwater Recharging, Viability, Water.