Sunil
Very possibly, I know there were 4 or 5 neighbors that have had water damage during the very heavy rains. I attached a link to a photo, but all of this flooding (in my opinion) occurs because the water runs off fields but can't get to the retention pond part of the storm sewer system.
http://s1040.photobucket.com/user/designteks/slideshow/The red circles indicate where it floods, the red x's are impacted houses, and the blue S's are problem storm sewers ...
I know they tried to get the city to address the field runoff but was told it was too expensive (city cost not subdivision cost).
