Real estate firm Unity Group allows one-month rent exemption to all its shopping malls retailers.

Realty company Unity Group, which has four shopping malls in the national capital, would not charge rent for the month of April estimated at Rs 10 crore to offer relief to its retailers and other merchants impacted by the national lockdown.

Unity Group has exempted all merchants from paying a month’s rent at its ‘Unity One’ malls and ‘Vegas’ mall, said Harsh Bansal, Director, Unity Group, and Pratham Group. “The complete waiver of rent is going to be around Rs 10 Crore,” he said.

Unity Group has over 300 retailers at different Delhi locations like Dwarka, Rohini, Janak Puri and CBD Shahdara.

“Owing to this coronavirus pandemic, retail revenues and commercial property footfall was seriously impacted at this initial stage itself, as soon as the severity of coronavirus spread became known, the retail industry became an instant victim.”

“We will continue to do whatever we can to help the merchants and maintain continuity of operation before the crisis ends,” Bansal said.

Unity Group has provided more than 15 million sqft across 150 real estate ventures across Delhi-NCR since 1996. Here at Karol Bagh, it establishes a luxurious housing project.