Occupancy · 01
Portfolio position
One hundred basis points is ₹29 crore a year. The console opens on the only number that matters, and on the arithmetic that turns it into money. Everything else on this build exists to move it.
Operational desks
1,33,600
Across 76 centres in 8 cities
Portfolio occupancy
85.1%
▲ 840 bps year on year
Mature centres run roughly 250 bps ahead
Desks unoccupied
19,911
On any given day, already paid for
Desks opening this year
28,000
Dilutive to the ratio until they fill
The arithmetic
Why one point of occupancy matters more than any other lever
100 bps of occupancy
1,336
desks
At assumed realisation
₹2.4 cr
per month
Annualised
₹28.7 cr
per year, per point
Contribution
Near full
lease, fit-out and community team already paid for
No other lever in this business converts to margin as directly. And with capacity rising toward 155,000 desks, the same point of occupancy is worth more next year than it is today. A desk empty today is revenue that is not recoverable tomorrow.
Occupancy by city
Current occupancy, forecast and empty desks
| City | Centres | Desks | Occupancy | Forecast 90d | Move | Empty desks |
|---|---|---|---|---|---|---|
| Bengaluru | 31 | 54,200 | 86.4% | 88.1% | +170 bps | 7,371 |
| Mumbai | 12 | 21,400 | 84.1% | 85.2% | +110 bps | 3,403 |
| Pune | 8 | 13,800 | 87.2% | 88.6% | +140 bps | 1,766 |
| Gurugram | 7 | 12,900 | 83.4% | 84.5% | +110 bps | 2,141 |
| Delhi | 6 | 10,100 | 82.6% | 83.8% | +120 bps | 1,757 |
| Hyderabad | 5 | 9,600 | 88.1% | 89.2% | +110 bps | 1,142 |
| Noida | 4 | 7,300 | 80.2% | 82.6% | +240 bps | 1,445 |
| Chennai | 3 | 4,300 | 79.4% | 81.9% | +250 bps | 886 |
Read this column firstChennai and Noida sit 500 to 900 basis points below portfolio. Between them that is 2,331 empty desks in the two smallest cities. The same effort spent there moves the portfolio number more than anywhere else, because the base is thin and the headroom is wide.
Exceptions, last 30 days
A decision waiting to be taken
Whitefield is the only micro-market where unserved demand exceeds what inventory can absorb
318 live requirements could not be served against 940 empty desks, but 214 of those requirements asked for 30 plus contiguous seats which no Whitefield centre can offer.
Truss Engineering is marked Healthy and toured a competitor last week
28 desks at Brigade Rubix, renewal in 23 days. Verified intent on the renewal call is exit. Community manager rating has not changed in six weeks.
Aggregator portal enquiries take 22 minutes to first response
412 enquiries in the window at a 16 per cent win rate, the lowest in the channel set. Response time is the variable that moves it.
Brigade Rubix has been open 14 months and is 771 basis points below target occupancy
At the current fill rate it reaches 85 per cent in three months. 858 desks are carrying full lease and fit-out cost in the meantime.
A 62 desk requirement in Gurugram carries an open winding up petition
Vantage Grid Energy, ₹86.2 cr filed revenue and PE backed, so it clears every scale test. Two charges are open with lenders and an operational creditor petition filed in 2025 is still pending. Standard terms were about to be quoted.
Verified closure runs roughly 30 points below reported closure across the growth centres
Across the five newest centres, members said on callback that the issue had recurred or was never resolved in roughly a third of closed tickets. Parking and air conditioning account for most of it.
This feed replaces a list of latest enquiries. An enquiry log is a record. An exception is a decision waiting to be taken.