Freeze rent for shops and small businesses

Freeze rent for shops and small businesses

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Following the national lockdown imposed by PM Narendra Modi, an unprecedented domino effect has taken place, as you can see on all news channels - the results of which has affected all reaches of society. It is inspiring to see everyone banding together to help those who are powerless and less privileged than us in a time like this. 

Our story is different in that we're not from an economically challenged background but we are a small business. And as with small businesses, we count on every single penny spent.

Right now, with the uncertainty rising, nobody knows what's going to happen for sure. What is sure/ certain is that our shop rents are being deducted, every month. We have not even begun the first leg of kickstarting this venture (our shop was still in the making when this catastrophe unfolded) due to the shutdown and yet we're paying for it. 

A lot if businesses are facing the same predicament - watching and waiting as overheads keep draining cash. But I believe if this is going to be a true shutdown, we need to implement a protection plan for tenants as well. We are victim to the circumstances too as much as landlords who are part of this predicament. 

Our overheads are cleared on basis of income we generate and right now we're not generating any income. We cannot 'work from home' to generate this. We are not exactly an essential business and this puts us in even more danger. 

We do not know what the future holds, how long will it take for life to come back to normal but in the meantime, it would be a boon to shops, small businesses, startups, if you could freeze rents for commercial businesses. Make this a mandate for a month or two until the situation gets better. 

I believe I speak for more than several businesses in Mumbai who are suffering right now and on a tightrope, trying to keep their business from drowning.

I'm speaking for the college graduate who had a dream to create state of the art tech that could better millions of lives.

I am speaking for the numerous boutiques, agencies, clothing stores, salons and so on who are stressed to the end of their wits, trying to imagine what their employees' future is going to be like in the next 15-20 days. 

There's a big question even when this blows over - what if I can't survive the aftermath?

With the rent freeze, at least the burden is eased. Please consider our plea and put a mandatory restriction on rent for at least the month of April, May, June or until this tragedy subsides. 

 

Yours sincerely, 

The small businesses of Mumbai. 

 

 

 

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