The $2 million consultancy project is funded by the World Bank.
Though certain data is already available, the contract is for examining feasibility of extracting available water for useful purposes, devise methods for improving availability from nearby natural resource like rain water etc, according to Fourseasons chairman Dilip Tawadey.
The project will be completed in two phases over a period of 18 months.
During the first phase, existing information will be analysed while additional information will be gathered through investigation and studies for assessment of groundwater potential in the basin around Chennai, Mr Tawadey said.
In the second phase, based on the results of the Phase I studies, further investigations will be carried out for transfer of water rights from existing users.
Mr Tawadey added that the two phases may be continuous or with a small pause in between, depending on the results and circumstances at that time.