Force majeure clause sparks battle between Awfis & Flexisales, Real Estate News, ET RealEstate

File photo PUNE: As the long-standing economic slowdown deepens amid the COVID-19 pandemic, a slew of commercial and residential properties are now being vacated by tenants. But indicating the turmoil within this trend, one such termination of a rental agreement recently took an ugly turn at a commercial property in Viman Nagar. In this case, […]

Oyo Hotels & Homes terminates lease contracts for two Gurugram offices, Real Estate News, ET RealEstate

NEW DELHI | BENGALURU: Oyo Hotels & Homes has terminated leases at two of its flagship corporate offices in Gurugram and is renegotiating the lease on a third, sources told ET, as the cash-strapped hospitality chain — battered by low occupancies due to the Covid-19 pandemic – moves to save on real estate costs. The […]

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