Real Estate Climate change is a reality; but is the Indian realty sector ready? Updated : December 12, 2019 06:26 AM IST Even as sea-facing and lake-facing homes retain their allure in cities like Mumbai, buyers of such properties must become aware of the risk associated with purchasing them. Climate change is a reality and any coastal city's development plan must factor in the potential damage it can cause to property and infrastructure. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.