By: Pray Jani
Last updated : July 18, 2019 2:57 pm
Real estate brands are apparently offering real estate units to media owners in lieu of payments
“Lack of cash flow is problematic. We have to pay salaries; there are maintenance costs. All that cannot be done without cash,” laments Manoj Kenge, Proprietor of Make Advertising.
Those getting the real estate units also find it difficult to liquidate those assets. “Real estate clients offer property worth Rs 50 lakhs and occupy hoardings for a year that costs a lot more than that. And it takes a lot of time to get cash out of the properties. But eventually we do end up with some income,” says Pravin Marathe, owner of Isha Publicity.
Today the trend has become so common in Nashik that some media owners are even advertising that they accept barter deals from clients. However, such deals are beneficial only for a short period of time and can have an adverse long-term impact for the trade.
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