New hotel supply in Mumbai airport belt
Addition of ~1,000 rooms in Sahar area has impacted banquet business and may pressure occupancy and rates at JW Marriott Sahar.
CHALET / Q2-FY26 / risks
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Chalet Hotels · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
Weather and seasonality impact on resorts
Heavy rainfall and fewer long weekends led to lower occupancy in resort properties; risk of recurrence.
Delay in Goa project approvals
NGT approval pending; construction start expected in Q4 FY26 but subject to regulatory timelines.
Leasing activity slowdown in commercial real estate
Leasing was muted in Q2 due to ongoing discussions with key accounts; risk of slower-than-expected occupancy ramp-up.