India's Bengaluru may need nearly 28 billion rupees ($362.7 million) to restore a drainage network damaged by rapid real estate development as repeated floods threaten to disrupt work and life in the IT hub, a report said.
Dubbed India's Silicon Valley for hosting more than 3,500 IT companies and startups, the city has seen an influx of millions of workers and a boom in real estate construction over the past two decades.
The report projected a jump in population to 18 million by 2031 from an estimated 12.3 mln in 2022. The area within city limits more than tripled in 2011 to 741 square kilometres from 1995 levels.
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