Tuesday, August 23, 2016

Sakal Vastu - The gathering of frustrated, disconnected & naive people

One more dull property exhibition in Pune:




For a while, builders were talking about slowdown & unsold inventory and spreading negative sentiments in Pune real estate market. Then came RERA and government took a lead in bashing the builders. File FIR against the builder - the notification issued by special inspector general of police was the last straw which broke the back of builders in Pune. This might be the reason for the poor response to Sakal Vastu, Pune property exhibition organized at Pandit Farms on 19th, 20th & 21st August 2016.

Retrenchment in IT as well as in multinational automobile & engineering companies in and around Pune has taken it's toll. How can you expect people - who are worried about losing their jobs - visit any property exhibition & book a flat? One of my readers said.

"If this is the fact - then why are you here?," I asked.

"To check whether am I the only unfortunate," my reader said.

"Did you happen to meet any?," I asked.

"Yes! So many!!," my reader said.

"Really! Who? How do you know? Did you ask them?," I said.

"Yes! I didn't have to ask them. Because they were supposed to talk with me. They were all real estate salespeople in the stalls. Young salespersons looked frustrated, worried & demotivated. Seniors were disconnected with what is going on. The juniors were too naive to grasp the reality," my reader said.

"This may be your impression - may not be the fact," I said.

"It's a fact! I was not meeting these guys for the first time. In the last 6 - 8 months - I have met them multiple times - at their site offices and in many property exhibitions. You know? I am searching for a home for over a year now!," my reader said.

My reader was almost right about the widely spread frustration among the real estate salespersons in Pune. Many have admitted it. But they blamed the flat buyers for not being serious about buying a flat. Attending these casual visitors is frustrating. Every exhibition has casual visitors - but this time - the number was unusually high. Many salesmen told me.

You know why? It's not about recession & job insecurity. The reason is - that event - which was organized at Pandit Farms - between 11th and 15th August. Look around - you can feel the bad - unholy - vibrations all around. Someone said.

What say you?

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