Impacts of the COVID-19 on Bollywood: Pandemic causes Bollywood industry the most

To say that this is often the strangest year most folks have ever experienced is an irony. Let's mention the changes that are happening within the land industry as a result of the pandemic.

 

First with the good news. The combination of historically low-interest rates and other people leaving big cities in droves has fueled the single-family housing market round us. These low rates are helping people that previously couldn't afford to shop for a home to try to so now. To get that ultra-low rate, lucky buyers who still have employment are going to be required, in some cases, to place a minimum of 20% down and most of have a credit score of paying over 700 with all the proofs. Those unable to satisfy these requirements will largely remain within the rental pool.

Historical

 

But does a robust home buying flurry hurt the residential rental market? Not really, apart from rentals in large cities from which individuals are fleeing. Amid lockdown, people learned that they will actually work from home or anywhere that has an online connection. Productivity levels overall have increased, and fogeys are often home with youngsters. For a family home has a new space, office space is a must.

 

Even after the pandemic, will workers want to travel back to the office? Likely not. Months of sheltering in situ have soured many on big-city living. The effect we will predict is that rents in large cities, which have historically been extremely high, will go down as inventory increases. For those who are staying in the big cities, co-living, which had become popular, may see the waning interest. Co-living offers the cheaper alternative of a commune-like experience as against renting an apartment and shorter-term or month-to-month leases. The new alternatives may lose popularity, as rents drop and old apartments become more accessible.

Mumbai during Pandemic

The economical office space of the rental industry has also changed. Because of the work-at-home requirement, companies (which are often locked into long-term leases on large amounts of office space) are finding that their employees don't want to return back to the office setting. Those who do want to figure in an office could also be accommodated in smaller venues with meeting rooms for the occasional gathering of larger groups and space for smaller meetings as needed. Companies are wanting to renegotiate leases and downsize on space while their employees still work from house is changing the face of the commercial office space market.

 

Once a viable, sought-after asset, building owners are scrambling to try to conversions of office space to live-and-work or residential-only space. In addition, the days of call centres may be numbered now that we know people can actually be at home for both sales and customer service jobs. If these changes convince be reliable and growth-oriented, the times of huge rooms filled with sales and customer maintenance staff could also be gone. The potential is that the value of brick-and-mortar space for companies will decrease, thus adding a possible profit to rock bottom line.

 

But this is often not excellent news for the investors in those buildings, who will need to quickly adapt or die with a paucity of economic tenants wanting office space. Smaller businesses — like accounting offices, legal groups and medical dental space, gyms and spas — won't be changed much in terms of their ongoing need for commercial office space.

 

Many small shops and shops are suffering greatly from the lockdown. Resonating restarts and ensuing shutdowns are moving restaurants closer to receivership. Many small-town businesses were already operating month to month with little in reserve for slowdowns and easily couldn't weather the storm. It is not just the business owners who have lost; it's also the owners of these rental properties that are now sitting vacant. Those investors still must make the mortgage, insurance and tax payments, and there is no money coming in from rents to support those cost outlays. They, too, will suffer if they can't re-rent the spaces and make the mortgage and tax payments as needed.

 

For the restaurants, bars, small retail businesses and enormous office-space holders, the near-term future is bleak — that's the bad news. Banks haven't forgiven payments but, in some cases, have delayed them. That means that for several borrowers, large payments are going to be due soon. Because reopening remains not a certainty, many won't be ready to catch those payments up. Foreclosures loom unless there's how found to offer short-term support to investors with mass vacancies.

 

For those investors who have free cash available to take a position, there'll be some good buying opportunities and grateful owners who are all too willing to sell. This pandemic too shall pass, and for those that played and lost, there's hope that they will come another day for the large win. From COVID-induced pandemic to natural calamities to the severe economic crunch, 2020 has been the worst year of this century so far. The year seems to be jinxed for the entertainment industry, too. Closure of cinemas has affected business. More importantly, the year has already seen the demise of many luminaries in quick succession, much to the shock and sorrow of fans.

 

Here are a few Indian celebrities we have lost amid the COVID-19 lockdown:

 

NISHI KANT KAMAT, August 17 the filmmaker passed away in a Hyderabad hospital. He was 50 and battling liver cirrhosis for the past two years. Kamat was known for guiding Bollywood films just like the Ajay Devgn-Tabu- Starrer "Drishyam", Irrfan Khan- Starrer "Madaari" and therefore the John Abraham films "Force" and "Rocky Handsome" among others. His Marathi films, "Dombivali Fast" and "Lai Bhaari" won critical and commercial success cutting language barriers. Beyond direction, Kamat also acted in several films including "Rocky Handsome", "Bhavesh Joshi" and Julie 2" and the Marathi film "Fugay".

 

NISHI KANT KAMAT

PANDIT JASRAJ, August 17 Legendary classical vocalist and Padma Vibhushan recipient Pandit Jasraj passed away in the US at the age of 90. The news about his death was confirmed by his daughter Durga Jasraj. Born in 1930 in Haryana, the celebrated classical singer presented the Mewati Gharana to the worldwide music connoisseur. With a career spanning 80 years, Pandit Jasraj's oeuvre ranged from the planet stage to Indian film music.

 

PANDIT JASRAJ

JAGDEEP, July 8 Best known for his role of Soorma Bhopali in Ramesh Sippy's blockbuster "Sholay", veteran Bollywood comedian Jagdeep passed away owing to age-related health problems at 81. Jagdeep started his career as a child artiste in BR Chopra's 1951 release, "Afsana", starring Ashok Kumar, Veena, and Pran. Later, he made a mark with roles in films such as "Bhabhi" and "Barkha". His golden run began with GP Sippy's 1968 film "Brahmachari", starring Shammi Kapoor. His comic role within the film was widely appreciated. His last-released film is "Masti Nahi Sasti" in 2017.

JAGDEEP

 

SAROJ KHAN, July 3 The veteran Bollywood choreographer passed away following a massive heart attack at the age of 71. Khan was fondly called Masterji in Bollywood, and she had choreographed over 2000 songs spanning over three and a half decades. Her most famous collaborations were with Madhuri Dixit ("Dhak Karne Laga") and Sridevi ("Hawa Hawai") among many other hits. Her recent work includes "Tabaah ho Gaye" from the 2019 film "Kalank", picturised on Madhuri.

 

SAROJ KHAN

SUSHANT SINGH RAJPUT, June 14 The most controversial Indian celebrity death in years, the reason for Sushant's demise is yet to be ascertained. What is known so far is that the 34-year-old actor was found dead at his residence in Mumbai. Initial reports stated it was a suicide, and that his body was found hanging, but these theories have now been questioned. While Mumbai Police had concluded the case to be a suicide, a CBI probe has been ordered into the death on Wednesday by the Supreme Court.

 

SUSHANT SINGH RAJPOOT

The case has taken several turns already. While initially it was thought Sushant took his life owing to depression because he was a victim of Bollywood nepotism, fingers have subsequently been pointed at his girlfriend, actress Rhea Chakraborty, her family and her associates. A political angle in death is also not being ruled out.

 

Sushant rose to fame as Manav Deshmukh in the TV series, "Pavitra Rishta". In 2013, he made a transition to the big screen with "Kai Po Che!". Apart from tv shows, he tried his courier in Bollywood industry and through his talent, he has a rock in the movie industry. Movies like Shuddh Desi Romance, M.S. Dhoni: The Untold Story, Kedarnath, Chhichhore, Drive, and Dil Bechara.

 

BASU CHATTERJEE, June 4 the legendary filmmaker passed away at 93 owing to age-related ailments. Chatterjee is considered among the pioneers of middle-of-the-road cinema from the seventies to the nineties. He is among the filmmakers who made the common man a hero of Hindi commercial cinema, shedding his larger-than-life aura. The nonagenarian is best known for films like "Rajnigandha", "Chitchor", "Khatta Meetha", "Priyatama", "Shaukeen" and "Chameli Ki Shaadi". His last directorial was the 1997 film, "Gudgudee".

BASU CHATTERJEE

 

WAJID KHAN, June 1 Bollywood composer and singer Wajid Khan, the favoured sibling composer duo singer the brother named, Sajid-Wajid gave up the ghost on June 1. On June 5, his family informed that Wajid had died due to cardiac arrest. Sajid-Wajid, best known for their songs in the "Dabangg" films, recently composed a couple of songs for Bollywood superstar Salman Khan during the ongoing lockdown. The first, "Pyaar Karona" was a pop anthem encouraging all to fight the coronavirus. The song released in April was sung by Salman and also featured the actor within the video. The other song, "Bhai Bhai" released on Eid.

WAJID KHAN

 

RISHI KAPOOR, April 30 in 2018, the veteran actor was diagnosed with cancer for the first time, following which he was in New York for nearly a year to undergo treatment. He returned to India in September 2019. Post return to India, his health has frequently been focused. In February, by quick succession, the actor was admitted to hospital. Amid speculations about his health, he had been hospitalised in New Delhi in early February, while on a visit to the city. Rishi Kapoor shot to fame playing a teen icon in his debut film "Bobby" and went on to carve his niche as a romantic icon in numerous hits of the seventies, eighties and the nineties. Over the past decade, he also impressed with negative roles in "Agneepath" and "D-Day".

 

 

RISHI KAPOOR

 

IRRFAN KHAN, April 29 Acclaimed actor Irrfan Khan gave up the ghost each day before Rishi Kapoor. With a colon infection, he was admitted to Mumbai's Kokilaben Dhirubhai Ambani hospital. He was only 54. The actor had been battling neuroendocrine tumour for several years and had been under medical attention. Irrfan carved an alternate route to success, defying traditional mainstream diktats in Bollywood. He was equally comfortable in commercial entertainers as "Hindi Medium", "Angrezi Medium" and "Life during a Metro", as he did with more profound fare as "Maqbool", "Paan Singh Tomar" and "Qissa".

IRRFAN KHAN

 

NIMMI, Annunciation Yesteryears actress Nimmi gave up the ghost at her residence within the city in March. She was 88. Lately, Nimmi was affected by breathing problems and had been in and out of the hospital. Nimmi, whose name was Nawab Banoo, made her Bollywood debut in Raj Kapoor's 1949 release, "Barsaat", which was the Showman's first major hit. The film co-starred Nargis. Raj Kapoor, Dilip Kumar and Dev Anand- through the fifties and thus the sixties, the actress worked in films with most top actors, notably the Bollywood Triumvirate of the age. One among her earliest releases was Fali Mistry's "Sazaa" starring Dev Anand in 1951. an equivalent year, she worked with Dilip Kumar and Ashok Kumar in Nitin Bose's "Deedar".

 

NIMMI

She would still figure with Dilip Kumar again in films like Mehboob Khan's ambitious "Aan" and Amiya Chakravarty's "Daag" subsequent year. By the time she reunited with Dev Anand in Chetan Anand's 1952 release "Aandhiyan", Nimmi was already a well-liked Bollywood name. Her other notable films include "Uran Khatola", with Dilip Kumar, the Ashok Kumar-Kishore Kumar- Starrer "Bhai-Bhai", Sohrab Modi's "Kundan", and therefore the Rajendra Kumar- Starrer "Mere Mehboob". Among her memorable works are also Mehboob Khan's "Amar" starring Dilip Kumar and Madhubala, and Raja Nawathe's "Basant Bahar" co-starring Bharat Bhushan.

 

Bollywood fans also lost yesteryears' actress Kum Kum, TV actor Sachin Kumar, actor Mohit Baghel, filmmakers Rajat Mukerjee and Harish Shah, and lyricists Rahat Indori, Yogesh and Anwar Sagar this year. Bollywood has lost his gems with all this loses but they will always be missed and be in our hearts.