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Business Together To Make Investments
Collaborative business investments, where multiple entities come together to invest in a common venture, can offer various benefits. Here’s a guide on how businesses can collaborate to make investments
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Economy
InterGlobe Aviation (IndiGo) Q3 earnings: Net profit falls 77% to ₹550 crore, revenue rises 6%
IndiGo Q3 results: InterGlobe Aviation, the operator of India’s largest airline IndiGo, on Thursday, January 22, reported net profit of ₹550 crore in the third quarter of current financial year (Q3FY26), marking a decline of 77% form ₹2,449 crore in the same period last year. The sharp decline in profit came on account of exceptional expense of ₹1,546 crore in October-December period.
The exceptional expense included ₹969 crore set aside for implementation of new labour codes and ₹577 crore for operational disruptions it faced in December, IndiGo said in a regulatory filing.
IndiGo’s revenue from operations rose 6% to ₹23,472 crore from ₹22,111 crore in the year-ago period.
IndiGo reported stable operational performance as its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also known as operating profit advanced 4% to ₹5,367 crore but its EBITDA margin contracted by 60 basis points to 22.9%.
During the quarter IndiGo’s capacity increased by 11.2% to 45.4 billion and passengers rose by 3% to 31.9 million.
“This quarter, the Company faced major operational disruptions that resulted in significant flight cancellations and delays from 3rd to 5th December. We deeply regret the inconvenience faced by our customers and express our heartfelt gratitude for their patience and trust,” said Pieter Elbers, CEO, IndiGo.
I also want to thank all IndiGo colleagues who worked tirelessly to stabilize operations—your dedication and ‘service from the heart’ enabled us to return swiftly to normal operations. We are grateful to the Government, Aviation Authorities and all other partners in the Indian aviation ecosystem for their support in helping restore normalcy,” he added.
IndiGo had a fleet of 440 aircraft including 27 A320 CEOs (1 damp lease), 180 A320 NEOs, 171 A321 NEOs (3 damp lease), 1 A321XLR, 46 ATRs, 3 A321 freighters, 2 B777 (damp lease), 5 B737 (damp lease) and 5 B787 (damp lease); a net increase of 23 passenger aircraft during the quarter, IndiGo said.
The country’s largest airline operated at a peak of 2,344 daily flights during the quarter including non-scheduled flights.
In October-November, IndiGo had an on-time performance of 76.6% at six key metros and flight cancellation rate of 1.03%.
InterGlobe Aviation shares ended 1.47% higher at ₹4,929 ahead of its earnings announcement.
Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.
Business
RERA Roles and Responsibilities in Apartments: Full Form, Meaning & Complete Guide
The Indian real estate sector witnessed a major transformation with the introduction of RERA. Homebuyers today are more aware, legally protected, and empowered than ever before. But many apartment owners and buyers still ask: What exactly is RERA? What are its roles and responsibilities after apartment handover?
What Is the Full Form of RERA?
RERA stands for Real Estate (Regulation and Development) Act, 2016.
It is a central law enacted by the Government of India to regulate the real estate sector and protect the interests of homebuyers.
Each state has its own authority under this Act, such as:
- MahaRERA (Maharashtra)
- TS-RERA (Telangana)
- KRERA (Karnataka)
- HRERA (Haryana)
Why Was RERA Introduced?
Before RERA, homebuyers faced:
- Project delays
- False promises by builders
- Poor construction quality
- No clarity on maintenance and handover
RERA was introduced to bring transparency, accountability, and fairness to apartment projects.
Key Objectives of RERA
- Protect apartment buyers’ interests
- Ensure timely project completion
- Increase transparency in real estate transactions
- Regulate builders, promoters, and agents
- Provide a fast dispute-resolution mechanism
Applicability of RERA to Apartment Projects
Real Estate (Regulation and Development) Act applies to:
- Residential apartment projects
- Commercial projects
- Mixed-use developments
Mandatory registration if:
- Land area exceeds 500 sq. meters, or
- Number of apartments is more than 8
Roles and Responsibilities of RERA in Apartments
1. Registration of Apartment Projects
Real Estate (Regulation and Development) Act ensures that:
- Builders register projects before advertising or selling
- Project details are uploaded on the Real Estate (Regulation and Development) Act website
- Approved plans, timelines, and approvals are disclosed
This protects buyers from fake or unapproved projects.
2. Regulation of Builders (Promoters)
Under RERA, promoters must:
- Deliver apartments on time
- Stick to approved plans and specifications
- Not change layout or amenities without buyer consent
- Deposit 70% of buyer funds in an escrow account
- Use funds only for that specific project
3. Protection of Homebuyers’ Rights
Real Estate (Regulation and Development) Act protects apartment buyers by ensuring:
- Right to receive possession on time
- Right to compensation for delays
- Right to information on project progress
- Right to defect liability for 5 years
- Right to refund with interest in case of major violations
4. Monitoring Construction Quality
Builders are responsible for:
- Structural defects
- Poor workmanship
- Plumbing, electrical, or waterproofing issues
Any defect reported within 5 years of possession must be rectified free of cost.
5. Regulation of Maintenance & Common Areas
Real Estate (Regulation and Development) Act mandates that:
- Builder maintains the apartment till association formation
- Maintenance charges must be transparent
- Common areas must be handed over to the association
Real Estate (Regulation and Development) Act ensures smooth transition after possession.
6. Formation of Apartment Owners Association (AOA)
Real Estate (Regulation and Development) Act makes it mandatory for builders to:
- Facilitate formation of the Association or Society
- Hand over common areas, documents, and accounts
- Transfer maintenance responsibility to the association
7. Accountability After Apartment Handover
Even after handover:
- Builder remains liable for defects for 5 years
- Real Estate (Regulation and Development) Act can intervene in disputes
- Buyers can file complaints against promoters
Responsibilities of Homebuyers Under RERA
Real Estate (Regulation and Development) Act also defines buyer duties:
- Timely payment of dues
- Participation in association formation
- Maintenance payments after possession
- Following bylaws and rules
Role of RERA Authority
Real Estate (Regulation and Development) Act Authority:
- Registers projects and agents
- Monitors compliance
- Handles complaints
- Imposes penalties on defaulters
- Passes binding orders
What If Real Estate (Regulation and Development) Act Rules Are Violated?
Penalties include:
- Heavy fines
- Interest payments to buyers
- Project registration cancellation
- Blacklisting of promoters
Buyers can file complaints online through their state Real Estate (Regulation and Development) Act portal.
Benefits of RERA for Apartment Buyers
✔ Transparency
✔ Legal protection
✔ Timely possession
✔ Fair pricing
✔ Strong grievance redressal
Conclusion
The Real Estate (Regulation and Development) Act, 2016 (RERA) plays a critical role in ensuring transparency, accountability, and trust in apartment projects across India. From project registration to post-handover responsibilities, Real Estate (Regulation and Development) Actsafeguards the interests of both buyers and developers.
For every apartment buyer, understanding Real Estate (Regulation and Development) Act roles and responsibilities is no longer optional—it’s essential.
Western
Everything You Wanted to Know About mega city’s
“Mega city” generally refers to a large metropolitan area characterized by significant population density, economic activity, and urbanization. Here’s a comprehensive overview covering various aspects of mega cities:
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