Updated On: 09 July, 2020 07:07 AM IST | Mumbai | Diwakar Sharma
A builder and an independent property owner waive of lakhs in over three months of rent

Akhilesh Rai (top) waived off Rs 2.1 lakh for property he rented to Narpat Raj Prajapati who runs a mobile shop in Vasai. Pics/Hanif Patel
With the shutters down and no income for over three months due to the lockdown over COVID-19 pandemic, several businessmen took a massive blow, and appealed for a rent waiver. Even the state government had asked the owners of commercial and housing properties to provide relief to their tenants by deferring the rent collection.
A few people in Vasai heard the requests and have waived off lakhs in rents for those who could not afford. The proprietor of KT Builders, Rakesh Shah, has waived off more than Rs 80 lakh in rent for several of his properties in Vasai and Boisar.