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| 04 March, 2021, 11:40 AM IST | E-Paper
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    Retailers resist malls' bid to revert to pre-Covid rentals

    Synopsis

    While many landlords and malls, which had agreed upon rental concessions till December-end, want to return to pre-Covid rentals from next quarter, retailers say the consumption revival could be due to the festive season and end-of-season offers, and so short term, and that there was no way they could revert to pre-Covid rates.

    NEW DELHI: The war over rental discounts between mall owners, landlords and retailers has restarted, with consumption picking up and seeing revival anywhere between 50-70% across consumer-facing sectors. While various landlords and malls which had agreed upon rental concessions till December-end want to revert back to pre-Covid rentals from next quarter, retailers say the consumption revival could be short-term on account of the festive season
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