Co-working space providers seek rent relief
Co-working players said their clients wont be able to pay rent on time and many have asked for concessions.
Covid-19 impact: Multiplexes call for rent suspension
Sources across cinema chains have confirmed to ET that they had individually written to...
Covid-19 lockdown: Tata Starbucks seeks rent waiver for three months
The coffee chain wants to reduce fixed operating expenses till consumpti...
Co-working companies offer sops, waive rents to retain clients
Several companies said that clients plan to invoke the force majeure, or 'Act of God', clause in their agreements.
Realtors, PEs borrow by showing rent as cash flow
The latest loan of Rs 2,250 crore was picked up by Blackstone for the Indiabulls property at an interest rate of 8.28 per cent. SBI provided the entire amount.
No house rent from migrant labourers, workers for one month: Noida admin
Gautam Buddh Nagar District Magistrate (DM) B N Singh said the order comes into effect immediately. In his order, the DM said it had come to light that in the present situation of a complete lockdown, several landlords were forcing migrant workers to pay the house rent, leaving them with no other choice but to vacate the place.
Empty restaurants call for relief on rent, tax, power usage
A restaurant owners' body will urge malls and relevant government authorities to provide interim relief to counter a steep fall in business due to the impact of the Covid-19 virus outbreak.
Adidas apologises after backlash over refusing to pay rent amid coronavirus scare
The German sportsgear maker said they paid their landlords the rent for April.
Covid-19 fallout: Outrage breaks out in Germany as Adidas, H&M stop paying rents
Several policymakers have spoken against big corporations who are hiding behind the letter of the law to cut costs.
Cognizant arm rents 3.5 lakh sqf at DLF IT park in Kolkata
Cognizant has leased the office space for nine years and the facility would underpin its expansion in India, said multiple people with direct knowledge of the development. Rentals for the lease have been set at ?35 per sq ft a month, with the agreement carrying a rental reset clause every three years.
Retailers ask mall landlords for revenue-sharing model
“It is not even a request – it is an appeal from all tenants to all landlords across the board to collaborate in this unprecedented time to build a partnership to make the retail industry survive,” said Rakesh Biyani, joint MD of Future Group, which operates Big Bazaar and Central department stores.
Upgrade of 105 million sq ft offices in top Indian 3 cities to offer 40% rent growth: Report
Delhi-National Capital Region (NCR) is likely to offer rental escalation of 5-30% for offices spread over 26.4 million sq ft that can be upgraded at the cost of Rs 1,560 crore. Bengaluru can upgrade office stock of 34.5 million sq ft with investment of Rs 1,310 crore and offer rental escalation of 4-25% post this exercise, the report said.
Back-office realty with MNC tenants to be least hit by virus
Commercial real estate catering to back-office operations for multinationals is expected to be the least affected by the current economic crisis triggered by the coronavirus pandemic. This is because the tenants are financially strong multinationals, spending only a fraction of their expenses on rent even as they gain by the weakening rupee.
Security and parking must for home buyers: Survey
Six cities in India are where most people are looking for homes, finds a Magicbricks survey.
Amex in pact with Hype Mobility to offer luxury cars on rent
With this benefit, American Express Centurion and Platinum Charge cardmembers can enjoy exclusive luxury mobility solutions from Bangalore headquartered startup Hype across Delhi NCR, Bangalore, Chennai, Goa, Hyderabad and Mumbai, said a release.
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