Will tsunami cause real-estate business to downtrend in coastal areas of India?

Question

Will tsunami cause real-estate business to downtrend in coastal areas of India?

Answer 1

yes, for a while.

Answer 2

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..

Answer 3

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/... , 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.

Answer 4

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.

Answer 5

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.