
Owners who have rented such apartments are under tremendous pressure as the tenants vacated the place. Some of the owners who own such flats have incurred loss in Lakhs for the only reason being in the close proximity of the state. Even the workers are fearing to come to those apartments for the repair works as the fear of Hudhud still lingers. The builders and real estate owners who are currently carrying out their ventures are feeling the pinch with no takers for their properties.
According to the Greater Vishakapatnam Municipal Corporation officials, most of the beach side apartments were constructed in the late 1980s and before, thats when the sea was further away from the Beach Road. But the sea is continuously surging towards the road every year and there is growing risk for those apartment as every year pass by. GVMC is also planning to revise the existing rules in grant permissions to new constructions along the beach going further.
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