Construction disruption at Powai impacting occupancy
Ongoing construction at Signis 2 Powai is causing temporary occupancy loss at nearby hotel due to noise and dust; expected to stabilize over next two quarters.
CHALET / Q3-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
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Delhi airport hotel timeline delays
Revised timeline for Delhi airport hotel due to pollution-related stoppages; partial launch now expected by Q4 FY27 instead of earlier.
Margin dilution from leisure portfolio
Leisure assets like Aiva Kandala operate at lower margins than business hotels, potentially diluting overall EBITDA margins.
Goa project approval delays
South Goa hotel project delayed due to dissolution of local CRZ committee; critical approval pending, pushing construction start.