Challenges of Buying Waterfront Properties in Mylapore

[Anushka]

I’m considering purchasing a waterfront property in Mylapore, but I’ve heard there are some specific challenges involved. Can anyone share what I should be aware of before moving forward with this type of investment?

• This topic was modified 6 months, 3 weeks ago by gaichermaickel.

[Babu]

Waterfront properties often come with higher maintenance costs due to exposure to moisture and the elements, which can lead to quicker wear and tear on the property.

[Jaya Kumar]

You might face regulatory hurdles, as waterfront properties are subject to strict coastal zone regulations. These can limit construction or renovation options.

[Naveen Kumar]

Insurance premiums for waterfront properties are usually higher, especially for flood or cyclone coverage. This is something to factor into your budget.

[Fatima Begum]

There can be concerns about property rights and encroachments, especially in areas close to public waterfronts. It’s important to ensure that the title is clear and there are no disputes.

[Akshay Reddy]

Waterfront properties tend to be more expensive, and their prices can be highly volatile depending on environmental factors or changes in local policies.

[Joseph Mathew]

The risk of natural disasters, like flooding or erosion, is higher in waterfront areas. This can impact not only the safety of the property but also its long-term value.

[Renuka Devi]

Accessibility can be an issue. Some waterfront properties might be harder to reach, especially during monsoon seasons, which could affect daily living.

[Ibrahim Shaikh]

Waterfront properties can be in high demand, but selling them can take longer due to the niche market, especially if there are environmental concerns.