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Thursday, February 12, 2009

HOW MALAYALAM MOVIES ARE SPOILED BY IT'S OWN STARS

Earlier it was the synonym for good cinema in the country. It had bagged almost all the awards given to movies and persons associated with it for many years, competitors were far behind. It had given birth to so many world famous writers, actors and renowned film personalities. It got matured when all others in the country were in their infant stage. Thanks to those visionaries, who had fashioned it in such a way so that everybody started analyzing it and began learning lessons from it. I am talking about the Malayalam movie industry. But time had passed. Film making had become a profitable business in these years. The film viewing population showed an upward trend. At the beginning film viewing was in apartheid like communism in the state of kerala but with out much delay films had become a popular media.
But the film industry in kerala is going through difficult situations in these days. India in common and south India in particular had a mania called star worshipping. It’s like a disease in almost all the southern parts of the country. We had seen silver screen stars became chief ministers of Andhra and Tamilnadu, there the star worshipping had reached it’s peak that the fans are ready to give up even their lives for their favorite heroes. Stars exploited the man power behind them and used it for their political gains. Kerala, which was the Mecca of good films in the past was away from this practice of metamorphasizing it’s movie stars into politicians, since the state was politically literate.
If we analyze the mania of star worshipping with a magnifying lens we will be able to notice that education is going to do nothing with this disease. The anthropology of Indians are now associated with movies and cricket.
But is the star worshipping good for movies?. In kerala scenario things are something more sophisticated. Kerala don’t had the practice of star worshipping at the early stage. Now the Malayalam movie stars themselves are purposefully injecting the habit into the movie watchers at their expense. There may be political dreams behind it but the immediate effect they want is stopping others to come to the limelight of the movie industry. There is a star and technicians cocas, which is determining the whereabouts of a movie.
The two big names in the Malayalam movie industry are Mohanlal and Mammootty. They are leading the dictatorship in the film industry of this film loving state. Some one and half years before there was a crisis in the Malayalam movie industry. This was actually a crisis arised out of lack of good movies. (But the industry somehow managed to overcome the crisis, the industry owes the credit to shakkeela, maria and reshma jodi and their half porn movies.). Then came the real crisis of Malayalam cinema. Raajamanikyam said to be the biggest hit in Mammootty’s career graph. This was made possible because of the high voltage promotion of the movie through fans associations. Mammooty just made a step forward in promoting himself he published a magazine called mammooty times. (He started his blog on the very first day of this year, where he writes articles about so called serious topics, trying to establish himself as a successful blogger from the film arena after Big B Amitabh Bachchan).
Mohanlal on the other hand has earlier proved that he is a specimen for business. He has launched Mohanlal’s taste buds earlier and then started a dubbing studio. Now he is the brand ambassador and promoter of Hedge equities. A broking company formed when the markets touched it’s recent lows. Through the ads of the company he says knowledge is important for successful investment. The sad thing is that once they were prophets of good movies and were part of them but now they are not promoting such kinds of movies. In fact they are ready to do movies with award winning directors!. They even not promoting the newcomers as well. Amma and Macta are the prominent unions of Malayalam movie artists. recently film director Vinayam alleged that Mammootty of removing members of a particular union from sets just because they are members. The caucus is so strong that they can even remove such a senior artist Thilakan from acting in movies. Now he is acting in sidelined movies. Mammootty and Moahanlal are like trees in a giant forest where they will not allow other trees to grow.

Why kerala is so much interested in movies it is not because some brilliant directors were born here. Apart from that they tried to impart film education among the people not only in the urban area but also in the rural area. In early 70s film society movement started in kerala which had got tremendous support from the people. Then came the films from Adoor Gopalakrishnan (not now a days export quality ones but real classic ones). Aravindan and Padmarajan made cinemas out of passion. John Abraham the realistic director made cinema with the money from people. These efforts altogether promoted good cinemas in the coconut land. In 80s, the period identified as the romantic period of Malayalam movies, many promising personalities came into the lime light. Later they became pillars of the industry. Modernization of the industry happened after the first half of 90s.
The star mania came in the industry only in late 90s and it became powerful after 2000. Devaasuram, a feudal story directed by I.V Sasi starring Mohanlal was the landmark movie which laid the foundation of star dictatorship in the industry. (Devaasuram introduced a new alcohol drinking style also).Then came the same stretch movies by Shaji Kailas, who successfully established Hindu icons in movies and it became popular. On the other hand Mammootty tried to became versatile he danced and sang but all proved to be burden over him. But he somehow managed to maintain the post of superstar along with Mohanlal. Then they began ruling the film industry.
If an aspiring director approaches these stars. They will fix all the technicians and even actors according to their taste. They will rewrite the script and will change the concept of the movie. They even fix the budget and the locations (where they can easily reach in their own vehicle). If the newcomer do not agree with it the project skips. If they have any disagreement they will fire the respective actor out. Finally good films never happen only Superstar show offs will happen. In this situation you cannot see a film like Paruthiveeran or Subrahmanniyapuram from kerala. You will be forced to watch below average films with your expense!. The superstars are spoiling Malayalam films in all sense.

Thursday, January 22, 2009

LIQUIDITY CRUNCH BADLY AFFECTS KERALA'S REAL ESTATE SECTOR

When slow down hits the market every sector will be affected badly. Kerala, god’s own country, witnessed a real boom in the real estate sector recently. Which was the first of it’s kind in the tail ender state of the country. Land broking had become a lucrative business for hundreds across the state. The hike in land and property prices made life simple for land owners and there were some who skipped their dreams of owing a home. Some became immensely rich and some lost all hopes. Bankers showered loans against properties, new houses started smiling every where along the state of coconuts. ( There were sayings that grooms never worried about the gold they get but were concerned only about the land owned by their father in laws). Work of fictions came one after another based on the booming trend in real estate sector. So many resigned from their jobs and became land brokers. They even bought land only for the purpose of selling at a higher price within the difference of few days. Actually this practice sky rocketed the prices. Flat farming seen every where including rural areas.
But change, as always, happened rapidly. This time this was in the form of Global economic slow down. After the collapse of Lehman Brathers in the US things were not like how it had been. Every thing changed in line with the meltdown in share markets. Indian share markets witnessed it’s all time peak in January 2008 but it took only nine months to wipe out more than 60 percent of index points. On a global basis realty indices nosedived. In India also realty indices witnessed a downward trend. These indices witnessed 5-10 percent down on a daily basis. India real estate companies witnessed a huge sell off by investors including FIIs.
In line with the current financial crisis and liquidity crunch kerala’s real estate sector also witnessed slow down. Slow down in terms of demand was visible at first but when the crisis deepened the magnitude of the crisis also increased. ‘Recession’ was the word heard loud (sometimes louder) among the people and across all business segments. In kerala, shadow of the slowdown fell on the real estate sector at first. But which was not an immediate impact. When recession came the real estate sector in kerala was already in a dull stage. According to brokers this was due to some government polices. Some of the policies by the government (LDF govt headed by V.S Achutanadan) were not encouraging for the real estate sector of the state. Recently Kerala govt issued a price list for places across the state but later it was removed after found the prices were wrong. There were complaints about the mispropotions between the actual price and prices furnished in the list. Left government’s Munnar operation was the main reason for the slow down in the real estate sector. (Munnar operation aimed at taking back the revenue land from private encroachers. It failed badly because encroachers include various political parties)
Munnar operation was a failed attempt from the side of the government but it made some impact on the land and property prices in the state of Kerala. Brokers said which will not last for long. But this minimal effect got worsened when the Global slowdown appeared on the centre stage. Immediate effect of the slow down was that the number of transactions went down, down means some where near zero. Stock market meltdown also played an active role in the scenario. Another culprit was the rise of inflation figures. Due to which reserve bank raised bank rates and loans had become costlier. When the fund flow got a block it adversely affected the real estate market. In kerala the well praised smart city project was also delayed. Builders across the state found it difficult to finish their projects. Project cancellation also taken place.
In Kerala flats were bought by NRIs and techies. When the slow down showed it’s vulgar face flats remained unsold. Particularly for IT employees it was a state of panic because every where they are hearing about job loss. Some techies found it difficult to pay their EMIs. But according to kerala builders forum, which is the organized body of the real estate sector in the state, the building industry will be seeing no fluctuations in the coming years.(it is unbelievable). They say that in 1996 also same situation was there in the country but the prices were stable in kerala.
But according to Joseph Nivin, VP, Geojit Property Services, the situation is not good at all. (Geojit Properties Services is a new born child in the real estate broking front of the state). According to him 35 percent down has been witnessed in this sector so far. Builders are adjusting prices some 5-10% to tackle the prevailing situation. Funds are not flowing as it were in the past and the same situation will continue for at least 2 years said Joseph Nivin.
Skyline builders Deputy Manager sales, Ms Jamuna also agrees with it. She says the number of enquiries are too low. As they are concentrating mainly on NRI clients the situation is not good because in Gulf countries also reported job losses happens. Upcoming Builders are not getting project approvals from various banks she added. New project booking is very low but right now they are not facing any project finishing problems because their ongoing projects are almost finished or about to finish.

What will be the future?
This is a million dollar question whether it be real estate or some other sector the question is when the crisis will be over. According to Joseph Nivin the current situation will continue at least for 2 years. If the equities market bounce back there will be a upward trend in almost all sectors he believes.
Actually the real estate boom in kerala started after 2000. The boom lasted for 6 years. The policies of the former UDF government headed by Oommen Chandy were favourable for the sector to grow. After the UPA government in the centre came in to power the nation witnessed visible growth in almost every sector including real estate in tune with the developments in the country Kerala also witnessed same upward trend. Land and property prices skyrocketed during the period. When the left came in to power the situation remained so only in the first year of their administration according to Subair, a kochi based real estate broker who had been in the field for more than 10 years. Then came the Munnar operation drama and after that slow down hit the state. When the slow down started to hit the gulf region the real estate sector of the state witnessed huge pressure.
Enquiry calls are nill and there is no new project also says Babish, Asst Manager sales of BCG builders. According to Subair another boon in the sector will take place only after 5-6 years. Now the common feeling among buyers are that prices will fall for sure but the sad thing is that nobody is ready to sell their land at a lower prices. As a result a stagnation has been taken place. But there is other side also. In kerala people are considering land as an asset for a life time. The number on genuine buyers is more in the state compared to other states in the country. The number of 5cent owners is aplenty in the state. This is a good sign to builders also. If the prices fall a bit there will be a huge buying interest.
The big concern is about flats. As the state as a whole is considered the people are not much interested in owing a flat. They need single homes to live (of course flats are symbol of prestige in the state but it is in the urban and semi urban areas). The architects of recent boom underestimated the sentiments among the people as a result flats started mushrooming in rural areas of the state. According to Skyline builders Usually the flat owners are NRIs or corporate sector employees. When they trapped in trouble the flat sales in the state also went down. Now the builders are selling flats at a reduction. Apple a day properties one of the up coming builders in the state are experimenting the strategy in order to maintain the pace of sales.Everything has got up and downs. When the stock markets in the country witnessed a peak in January after that the indices came down. Real estate sector of kerala also witnessed same booming period now it is the turn of downward trend. It is a fact and it should be admitted. Like always optimism is the remedy over turbulent times. But what about policies? It should be in favour of the common man. After all shelter is a primary need of a man and it is the duty of the state to offer this to all and they should make policies accordingly and it should support the builders also (to some extent).

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