Dubai has been a real risk taker which has transformed it from a place of no significanceWhat ever you call me, I predict there is no scope for shopping malls and real estate in Kerala in the aftermath of covid19. At least for two years.
Leave alone Kerala. The world's biggest trade, realtor and hospitality hub, Dubai, is under a melt down due to the pandemic coupled with the crash in oil prices. It is predicted almost 50% of Dubai trade will shut shops within the next six months. Dubai is facing a financial melt down.
How can be Kerala which is a poor shadow image of Dubai be otherwise? More over covid has taught Kerala people a good lesson. To be frugal in everything including marriage, shopping and other luxuries. They may not be in a hurry to hit the spending button.
The only thing to be seen is how many NRK business men will survive this crisis.
I never said Dubai is not impacted. Being a realIncidentally, Dubai is not an isolated island. It's economy depends on real estate and trade. If the world is suffering Dubai also suffers. It is preposterous to say that nothing will happen to Dubai. As if that place is in Mars.
Not exactly a good idea when we import 90% of active pharmaceutical ingredients (APIs), mostly from China.Immediate action required by fellow Indians is Boycott Chinese goods and go for Indian goods.
Isnt online shopping and home delivery the real threat to mall shopping including Groceries lately.....i suppose many of these malls may not survive the covid fallout....Once used to a hypermarket - everything under one roof - kind of experiance, people will not return to old shops unless it is very necessary. Hypermarkets will be a hit in Kerala.