visakhapatnam land prices in visakhapatnam which had scaled new heights in the last 10 months have plunged in the aftermath of last sundays tsunami disasterfor the past three days land prices in prime seafront localities like lawson bay colony and mvp colony have plummetted from rs 12000 per sq yard to about rs 10000 according to a real estate dealer in other areas too values have come downthe prospect of a separate telangana state being created had driven up prices in 2004 fuelled by speculation that vizag would be the capital of the truncated state of andhra bigtime realtors moved their attention from hyderabad to visakhapatnam and purchased large tracts of land seafront sites were especially prized but since last sunday the lure of real estate in this port city has dimmed appreciably the fears have been fuelled by rumours of another tsunami hitting the town again in the futureaccording to hyder hussain director of a leading real estate firm people including nri investors are no more inclined to invest in land along the sea coast even in areas like gajuwaka and pendurthi land prices have dipped