Quote:
Originally Posted by mail1295
The only reason i could think of prices of properties in chennai would fall to rock bottom is if sea level rises by 30 to 50 feet and engulf 10 to 12 kms into the city. Thats minimum 200 years away (considering extreme worst case scenario) and averagely 1000 years away (considering average runaway scenario)
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It might be interesting quote made here that the price fall may be 10% or less or no price fall. I think Chennai is already in 10% price drop zone and this is only the tip of the iceberg.
I will be happy to see this person coming over and reviewing his/her statement in a years time. God bless