2006-07-19 21:16:04 · 5 answers · asked by Raja 2 in Local Businesses ➔ India ➔ Chennai
I don't think so. Tsunami has been once in a while situation in India and won't effect adversely the real estate in coastal areas.
2006-07-19 22:14:11 · answer #1 · answered by helpaneed 7 · 2⤊ 2⤋
I don't think so. In Chennai, a major city directly affected by the Tsunami, property prices on the East Coast road were flat/came down marginally for about 4 months after Tsunami. Now that area is booming. (See: http://www.inrnews.com/indianrealestate/2006/04/property_prices_rise_on_chenna.html , Source: http://www.inrnews.com/ )
With scarce land supply, Tsunami is not an issue. Something to think about is the CRZ (coastal zone regulations) and its impact on coastal development.
2006-07-23 07:29:28 · answer #2 · answered by Ganesh 1 · 0⤊ 0⤋
Thats for sure.. People alway wanna have a protective residence and also business..
Rumours could bring down the market price of a land..
Even Tsunami is expected frequently by scientists as they blame on Global Warming..
2006-07-20 13:45:15 · answer #3 · answered by Jin 4 · 0⤊ 0⤋
Currently the rates are lower than pre-tsunami. But as the economy is currently good, things are bound to move up. Besides, people have a very short memory.
2006-07-20 09:34:16 · answer #4 · answered by skr 3 · 0⤊ 0⤋
yes, for a while.
2006-07-20 04:20:26 · answer #5 · answered by nickipettis 7 · 0⤊ 0⤋