Waiver based real estate business is now getting tougher for the top brand of the industry to cope with their calculation. As per the resources reported at www.Propertykhazana.com retailers at a newly opened mall of DLF group has made an agitation regarding their exemption in rentals. President of the association reveals that “earlier in an agreement there was an exemption of rentals for the first month of the rental and 50 percent rental for the next four months. But after completion of the first month all the retailers were asked to pay the full amount violating the agreement”.
DLF has opened two high end malls at the heart of the capital city - one is at Saket and other one is at the Vasant Kunj. Manglani adds that “if there occurs any violation of the agreement then no shop will be opened for business till the matter gets settled down”. On another note with MD of the company on behalf of www.propertykhazana.com, Arvind Nair states that “we are expecting a collateral behavior from our retail partners to upgrade the atmosphere of the mall with mutual efforts”.
Association President further reveals that “as per the agreement we will be paying our share of 50 percent rental only after the completed occupancy of 80 percent”. For more updates visit www.propertykhazana.com.
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