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RENTAL CONCESSIONS
New senior citizen bank account with doorstep banking and healthcare benefits launched by Bank of Baroda; Know the detailsBank of Baroda has introduced a new premium savings account for senior citizens. The 'bob Senior Citizen Vishesh Samman' account offers hea...- China office developers offer sweeteners, lower rents to lure tenantsOffice spaces in China's top cities face high vacancy. Shenzhen and Shanghai see significant empty offices. Developers offer incentives lik...
- Top retailers saved Rs 1,500 cr in rent in Covid winterCostly real estate in India makes it important for retailers to generate high price realisation per square foot of space to maintain profit...
- Malls start charging full rentals, end concessionsUnfair to charge pre-Covid rentals as some businesses have not become fully operational, say tenants.
- Curbs-hit retailers put mall rent sops back on the tableMany retailers have either begun informal discussions with malls and landlords for rental concessions or said they would do so in the comin...
- 88,236 govt-funded vacant houses available to be converted into Affordable Rental Housing Complexes : Housing MinistryAccording to the ministry, aims and objectives of Affordable Rental Housing Complexes (ARHC) Scheme announced under Atmanirbhar Bharat Pack...
- Retailers to put rental ball in malls’ court, ask for more concessions from shopping centresHowever, some shopping centres are hardening their stance saying that they have already extended enough support to their tenants and are cu...
- Budget 2021: Local aircraft leasing takes off with concessions to aircraft leasing companies“The proposal sits well with India’s desire to develop a local aircraft leasing and financing industry to accelerate the maturity and ‘Atma...
- Shopping centres extend rental concessions till March as brands strive to recover salesFashion retailers were among the hardest hit last year as malls remained shut for months and then the stores saw low footfalls as consumers...
- Retailers resist malls' bid to revert to pre-Covid rentalsWhile many landlords and malls, which had agreed upon rental concessions till December-end, want to return to pre-Covid rentals from next q...
- Affordable rental housing complexes included in list of infrastructure sub sectors"Affordable Rental Housing Complex" is included in the Harmonized Master List of Infrastructure Sub-sectors by insertion of a new item in t...
- Rent disputes with individual property owners are triggering large number of exitsIn a similar incident, a Delhi court had to intervene when Japanese retailer Miniso failed to pay dues and was dragged to court by the land...
- Top retailers manage to get big discounts on mall rentals, but say need moreHigh real estate costs in India make it important for retailers to generate higher average price realisation per square foot of space to ma...
- Revenue of mall operators set to halve this fiscal due to Covid-19-driven lockdowns: CRISIL“We expect a 50-100% lease waiver for the period of lockdown, followed by a 30-50% concession in rentals in the current quarter and the nex...
- India amends its accounting standards, major relief for entities like airlines & retail chainsThese changes to Ind AS will allow companies to show the Covid rental concessions in their P&L accounts. The move comes as a huge relief fo...
- Residential sales likely to decline in 2020 with up to 10% price reduction, reportThe resultant pressure on developers to sell may trigger a 5-10% price reduction across segments, said property consultant Cushman & Wakefi...
- Hurt by note ban, luxury brands seek rental reduction from mallsRetailers are seeking rental concessions from malls but analysts suggest brands may be eyeing short-term advantage
- Govt mulls tax cut on rental income for agedThe government is considering a proposal to exempt tax on rental income for senior citizens. At present, every age group enjoys tax exempti...
- Govt may raise tax cap on rent incomeHouse owners may be in for a bonanza this Budget. The government may increase the tax exemption ceiling on rental income from existing 30% ...
- Airlines face rough weather, no tax sop on ECB interestThe finance ministry has rejected a request from civil aviation ministry and airlines for tax exemption on interest payments made to servic...
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