Realty Developers Reviewing Maintenance Charges Discount, waivers for Tenants: Report
Several real estate developers in the commercial property segment are planning to offer discounts or waivers in common maintenance charges to their occupiers. However, there are no visible trends in favour of rental deferment or discount until now across top seven Indian cities, said a JLL India report.
Despite government guidelines, companies are more cautious and are functioning with 10%-30% of employees with increased focus on sanitization, employee health and well-being. In the markets of Mumbai, Delhi-NCR, Chennai and Kolkata, developers are open to discuss extra rent free periods in cases of new deals.
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