Multiplex Association of India Seeks rental and cam dues waiver

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Multiplex Association of India (MAI)’s president Deepak Asher has sent a Formal letter to LANDLORDS Requesting a waiver in rentals and common area maintenance fees as the Industry is suffering from Zero revenues due to the pandemic Lockdown across India.

The letter states that multiplexes have always played a prominent role in the success of malls and shopping centers is facing a crisis due to this covid19 outbreak

The letter also stated that this waiver will help in rescuing the Industry from instant death, unlike other Industries Multiplex has no source for generating revenue during this lockdown.

If this continues for a month or two a lot of people will lose their job since multiplex couldn’t pay salaries to their employees even after the lockdown, it will take months to recover which will affect the traffic to malls and shopping centers.

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