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| A trap for collecting interest free funds from the property buyers in Pune |
From the last recession in Pune real estate market, Pune builders learned the most important lesson. 'Positive sentiments' are more important than the facts. If the sentiments are positive, property buyers ignore facts and give their hard earned money to the builders.
So, in the current real estate slow down, builders in Pune decided to invest in creating 'positive sentiments' and started a strategic campaign of publishing 'positive news about Pune real estate market' in leading local Marathi & English newspapers.
Pune builders are sure that these positive news about Pune real estate market will increase the effectiveness of a launch ad. A property buyer with a positive sentiment will be a better bet than a property buyer with a 'confused' mind. Read More
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Hello Ravi,
ReplyDeleteGreat initiative. Builders are fooling poor needy home buyers.
May be, posting statistics about Registrations for sale deed/society formation in different areas of Pune will give insight into how many possessions are happening in reality.
We also need some reliable way to find out non self-occupied properties. I think in those remote areas, even leasing/renting out properties will be difficult.
Point is...
We should shift focus from information about new launches, to focus on infrastructure in areas(We should post facts about Public transport connectivity, Quality and quntity of water supply, medical aid, markets, etc.), related problems in that area, etc.. And then per area we can just mention about new launches.
Somehow we need to make buyers aware of reality so that they wont shell out huge sums to buy those flats.
Thankfully PMC and PCMC local bodies are inefficient , so we will be able to find sufficeint problems in each area.
I completely agree with you, Satish! I will do my best to follow your directions.
ReplyDeleteDear All, (People who want to get promoted from 1 to 2 & 2 to 3 BHK, 2nd Home desperates, 1st time buyers, & my Dear Onsite & Offshore IT folks )
ReplyDeletePune Builders are trying to create positive sentiments by giving misleading informaton through interviews (Paid..?)
I completely agree, If we buyer's stick to the demand of “Ready-Possesion” flats, Builder will have no other option than respecting their customer's will.
Don't ignore,
Customer is a King, & during the Recession time- He will be much more than just a King
We are just seeing what a Common-man's power can do!
If Our Govt. can bend infront common man's agiation to support Anna,
Who else is bigger than Govt.?
The Market has enough saturated & we are going back to 2008 times,
Let the Builder lobby understands, they can't work ever with 50% or more Profit margin
Agree that,
Builder's also have their own life, ambition's, & personal, family expenses.
However, 50% Profit margin is more than what required.
Anyone Hard-earning 45K/Month can take home in Pirangut or Talegaon only, Incredible India.!
At last,
Let's show the world what a common man's power can do,
Well said, Rohit! I completely agree with you. Thanks for adding value with your appeal!
ReplyDeleteHi Rohit (same name !! ) anyways..
ReplyDeleteso I was saying.. lets not get too excited.. the builders/developers are not grocery/vegetable shop owners who get affected even with 2-days of rain.
They are business houses backed with power and money, and can sustain without much bookings even for many months. They know the needy will come to them sooner or later.
Oh! by the way, we are NOT going into the recession era again.. atleast not India.
If one does not feel a flat is worth the money, then he should stay on rent in some nice comfortable society near to his workplace.. whats wrong in that.
I appreciate you work Satish..You on behalf of the poor people who were fooled took an initiation..Thanks for that..
ReplyDeleteMBA in real estate