Pollution-related construction bans
Delhi's stringent pollution control measures led to a slowdown in Q3 execution; management acknowledged impact but expects mitigation via technology and scheduling.
NBCCINDIA / Q3-FY26 / risks
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NBCC India · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
Execution delays in large redevelopment projects
Projects like Jammu & Kashmir and Mahi require state government approvals; management noted delays but expects clearance soon.
Dependence on government approvals for new orders
The Delhi redevelopment project (30,000-40,000 Cr) is pending DDA approval; if delayed, order inflow may shift to next year.
Revenue recognition tied to possession handover
Real estate profits (e.g., Sector 37D) can only be booked upon handing over possession, causing lumpy earnings.