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Impact of remote work
Remote work is going to have a significant impact in transforming the urban economy and the real estate sector in the Indian landscape. As fewer people go to Central business districts and urban cities and centers we may see a drop in economic activities centered around a City or a specific area anRead more
Remote work is going to have a significant impact in transforming the urban economy and the real estate sector in the Indian landscape.
As fewer people go to Central business districts and urban cities and centers we may see a drop in economic activities centered around a City or a specific area and we might see the percolation of the economic activity reaching more rural areas.
There will also be a very significant impact on real estate as the demand of office faces will decrease as less number of people require to come together in an office center but consequently the demand for housing and potential of a spaces in rural areas to increase driving the real estate value in those particular regions
another benefit of remote work could be seen in the fact that fewer people need to commute daily which results in a decrease of transportation cost and traffic congestion Public transport at the same time could also face a decline
In the Indian scenario we can see remote work potentially slowing urban migration and reducing the pressure felt on large cities infrastructure and boost the demand for housing in smaller towns.
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