Moneycontrol’s Pramiti Lonkar gets in conversation with Vandana Ramnani to find how sea facing properties could be impacted in India due to climate change.
Sea facing properties command a premium price in the market. But, there seem to be some risks involved with these properties as they are being gradually impacted by climate change. Floods in cities like Mumbai, Chennai, Visakhapatnam, to name a few could reduce the price of these structures.
Moreover, the cost of insuring similar properties are going up in countries like the US, Australia and Singapore. In this episode of Reporter’s Take, Moneycontrol’s Pramiti Lonkar talks to Vandana Ramnani to find how sea facing properties could be impacted in India.Watch the video for more.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.