Borewell stopped yielding water after neighbour drilled a bore in Karnataka- Should I re-bore? Please suggest solutions

Hi, 

We drilled borewell 7 years back. Bore depth - 450ft; casing 290ft. 2 years back, there was problem in borewell. From then on, water level started dropping. My neighbour (opposite side, about 120ft distance) drilled a 900ft bore 2 years back and one more bore is drilled  in same line. Now I see a complete drop in water level. On powering the pump, there will be water (5% to 10%) but when my opposite neighbour starts the pump, my bore will stop pumping water .

What to do next please help me. Should I re-bore?

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