Inventory is the total quantum of existing building stock. We, at Propstack, compared Grade A office stock across the top 7 cities in India to assess the micromarkets with highest inventory levels.
Rest of Gurgaon micromarket with in-demand locations like Golf Course Extension Road, Sohna Road, Udyog Vihar, etc. has the highest inventory of 44.6 msf.
Both Gurgaon micromarkets – Central Gurgaon and Rest of Gurgaon along with the Noida Micromarket occupied a place in the top 10, as all these locations have a comparatively dense cluster of office buildings and a substantial number of SEZs which have higher areas.
Bangalore- the only city with 100 msf+ overall inventory dominated the charts with three micromarkets in the top five list. Three major peripheral markets – Peripheral South-East, Peripheral East and Outer Ring Road, occupied top spots.
SBD East- one of the major SEZ clusters with markets like Hadapsar/ Magarpatta, Kharadi and locations along Nagar Road in Pune made its presence at 7th spot followed by Western Suburbs of Mumbai at 8th position.
Hyderabad’s two major suburban micromarkets with prime locations of Madhapur (HITEC city) and Gachibowli grab the 9th and 10th spot respectively.
Except Chennai, all other top cities had atleast one micromarket in the list of top 10 micromarkets pan- India inventory-wise.
*Q1 2017 Grade A data only
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