Joshimath subsidence will adversely affect tourism and local economy

Indicating the risk in investing in some areas, Joshimath hotels Malari Inn, Mount View being demolished after they started leaning towards each other, following the subsidence in the area.
Several homes in the area have also developed cracks, and the government is offering a small amount as compensation.
However the cost of construction and furnishing for these hotels will be at least Rs one crore
So though real estate is considered a safe investment, in some areas like Joshimath where the government is demolishing homes due to a natural calamity, real estate is a risky investment
The subsidence will also adversely affect tourism in the area, and the local economy.