Occupancy · 04

Centre drill down

A centre open nine months and a centre open six years should never appear in the same average. Growth centres are shown against their own fill trajectory, not against portfolio occupancy.

Centres in scope

The full national portfolio

Growth centres

Open 24 months or less

Desks below target in growth centres

Carrying full lease and fit-out cost

Mature centre occupancy

86.1%

The number the ramp is diluting

All centres

Sorted by city, with ramp status separated

Centre	City	Micro-market	Desks	Occupancy	Months open	On notice	Committed in	Rate	NPS	Status
CC&Co. Deccan Gymkhana	Pune	Deccan Gymkhana	200	87.7%	63	7	9	₹13,500	88	Mature · on target
CC&Co. Prabhat Road	Pune	Prabhat Road	240	81.3%	60	4	5	₹13,300	73	Mature · below target
CC&Co. Aundh	Pune	Aundh	180	88.6%	39	4	4	₹11,700	74	Mature · on target
CC&Co. GBB Kothrud	Pune	Kothrud	320	91.7%	57	3	6	₹10,500	78	Mature · full
CC&Co. Hinjawadi	Pune	Hinjawadi	105	85.1%	22	3	9	₹11,200	87	Ramp · 0 mo to target
CC&Co. Wakad	Pune	Wakad	105	87.3%	55	7	4	₹10,100	82	Mature · on target
CC&Co. Kharadi	Pune	Kharadi	160	89.0%	70	6	14	₹9,600	84	Mature · on target
CC&Co. Baner	Pune	Baner	230	87.6%	71	12	8	₹11,300	77	Mature · on target
CC&Co. Shivajinagar	Pune	Shivajinagar	190	85.9%	24	9	15	₹9,400	74	Ramp · 0 mo to target
CC&Co. Magarpatta	Pune	Magarpatta	185	90.3%	68	11	11	₹8,200	82	Mature · full
CC&Co. Bandra Kurla Complex	Mumbai	Bandra Kurla Complex	160	82.7%	76	5	8	₹17,500	74	Mature · below target
CC&Co. Lower Parel	Mumbai	Lower Parel	125	79.7%	23	3	9	₹15,800	69	Ramp · 2 mo to target
CC&Co. Pimpri	Pimpri-Chinchwad	Pimpri	175	83.7%	14	9	10	₹10,400	79	Ramp · 1 mo to target
CC&Co. Chinchwad	Pimpri-Chinchwad	Chinchwad	205	84.9%	71	6	13	₹9,400	71	Mature · below target
CC&Co. Gangapur Road	Nashik	Gangapur Road	225	85.5%	66	10	9	₹16,100	79	Mature · on target
CC&Co. College Road	Nashik	College Road	120	75.9%	9	3	6	₹15,900	76	Ramp · 4 mo to target
CC&Co. Civil Lines	Nagpur	Civil Lines	150	87.5%	48	3	15	₹17,300	81	Mature · on target
CC&Co. Dharampeth	Nagpur	Dharampeth	160	83.5%	42	4	13	₹14,200	73	Mature · below target
CC&Co. Wagle Estate	Thane	Wagle Estate	200	84.2%	66	12	9	₹11,400	83	Mature · below target
CC&Co. Ghodbunder Road	Thane	Ghodbunder Road	160	87.7%	24	6	14	₹10,700	84	Ramp · 0 mo to target
CC&Co. Vashi	Navi Mumbai	Vashi	130	75.9%	24	7	7	₹10,300	73	Ramp · 4 mo to target
CC&Co. Belapur	Navi Mumbai	Belapur	90	77.2%	14	4	4	₹10,300	75	Ramp · 3 mo to target
CC&Co. Shahupuri	Kolhapur	Shahupuri	125	74.4%	36	3	9	₹10,700	77	Mature · below target
CC&Co. Kawala Naka	Kolhapur	Kawala Naka	120	84.0%	49	7	7	₹8,900	61	Mature · below target

A worked example

Sort by months open and the two problems separate

Sort this table by months open and the ramp problem separates itself from the performance problem. A centre fourteen months old sitting eight hundred basis points below target is on schedule. A centre six years old sitting at the same number is not, and the two are indistinguishable in any portfolio average. Every growth centre in the table carries desks at full lease, fit-out and community cost with no revenue against them, and the honest question is never why they are behind, it is whether the current fill rate is the fastest available given the unserved demand logged in the same micro-market.

Why ramp is separated

Arithmetic, not failure

Front-loaded expansion depresses the occupancy ratio by arithmetic, not by failure: desks enter the denominator on the day the centre opens and enter the numerator over the following two years. Blending them into one portfolio number makes a good quarter look flat and hides a genuinely underperforming mature centre behind a well-ramping new one. Two numbers, always reported separately, is the only honest way to read this.

Demo dataFigures on this screen are illustrative, from a deterministic model, for walkthrough purposes only.