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Pushpesh Pant
As we mark 75 years of our Independence, it’s natural for thoughts to turn to foods that define our identity and bear testimony to the unique syncretic genius of the Indian peop
›Covid infects lease pacts: Retailers say they will pay rent only in proportion to actual business in case of lockdowns
Covid infects lease pacts: Retailers say they will pay rent only in proportion to actual business in case of lockdowns
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Covid infects lease pacts: Retailers say they will pay rent only in proportion to actual business in case of lockdownsBy
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Synopsis
Amid last year’s nationwide lockdown and this year’s local lockdowns, retailers and restaurants have taken a massive hit, facing closure of outlets, huge losses and retrenchments.
PTI
Top retailers and restaurant chains such as Reliance Retail, Madura Fashion & Lifestyle, Domino’s, Plum by Bent Chair, Mamagoto, Farzi Cafe, Lee, Wrangler and Cafe Warehouse among others, are insisting on introducing clauses in all new leases that stipulate that they will not pay rent, or pay only in proportion to their actual business, in the event of government mandated closures of stores and malls.
Synopsis
Zorawar Kalra, managing director of Massive Restaurants, said demand is heartening and more people are vaccinated now. But, the restrictions on timings are a major concern for the industry.
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About a month after they were allowed to resume dine-in services, restaurateurs say business is still hurting due to continued restrictions on timings and reduced seating capacity, though there is a surge in demand.
They are calling for longer operating hours from this month, besides financial support and relief on statutory dues.
In Mumbai, where restaurants are allowed to operate only till 4 pm and are to be closed on weekends, 30-40% of them have continued staying shut.