This is great time for all IT companies to analyse productivity loss or gain due to work from home option given to employees. If they are able to identify WFH option doesn't degrade productivity then they should start rolling out to more employees. This has multi-fold benefits.
WFH will reduce migration of skilled manpower from 2nd/3rd tier cities to main city. If broadband speed reaches optimum level in all villages techies can also do agricultural or side activity along with their regular IT job giving them second source of income.
Also economic development can be widespread phenomena as spending increases across in non-major cities, villages boosting local economy. Employee happiness index will definitely increase.
Another major impact could be on real estate and rental market. Most of the employees who are working in IT companies in cities like Bangalore are not local to Bangalore. hey have roots across India. So demand for the rental houses and sale of new houses are high.
With option of WFH people will stay in their native, thereby reducing unrealistic price increase in real estate sector. Companies can intelligently use their office space, reduce their rental burden. No expenditure on daily spends such as coffee,tea,snacks,lunch,maintenance.
To improve social connectivity with employer and co-employees it is always advisable to meet in office on a designated day for once or twice a month. The spending on travel and stay to meet this requirement is much less than rent or EMI on a housing loan.
Hotel, PG and travel industry will benefit as employees has to come to IT city for this. Those industry will have paradigm shift from existing model. Online portals will boom as people has to do travel plan.
Movement of vehicles will spread across larger area. Smaller cities and villages will see increased automobile industry growth. It may not immediately reduce traffic congestion in main cities, at least i am hoping non-linear increasing curve might get flattened.
In summary, what I believe is WFH option provided by IT companies will make development geographically widespread phenomena.
