Karur Vysya Bank launches Sponge Park in Tambaram under sustainability initiative
Mumbai, June 18 -- The project has been developed as an integrated blue-green infrastructure initiative designed to capture, store and naturally filter rainwater, helping mitigate urban flooding while replenishing groundwater resources.
According to the bank, the Sponge Park addresses challenges arising from rapid urbanisation, declining groundwater levels and seasonal waterlogging in the region. The project aims to transform an urban space into a sustainable public asset that combines water management, climate resilience, biodiversity enhancement and community well-being.
Mullai Nagar was identified as a suitable location due to recurring flooding issues, groundwater stress and limited green public infrastructure. The nature-based solu...
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