Thread by @Aryan_warlord

Was discussing this with friends yesterday. With increasing internet bandwidth & electricity availability it makes no economic sense for large multinational ITES FIRMS to acquire office plots for 1000's of crores in Tier 1 cities when cheaper infrastructure is available.

https://twitter.com/cvkrishnan/status/1322580714257145857

I'd say @zoho is but the harbinger of change here that will remake our cities & make then cheaper, less crowded to live in while helping the hinterland grow.
Why would @AmexIndia or @Microsoft invest 1$Bn in a complex in Gurgaon when they can build four for lesser in tier 2 towns

In 15-20 yrs as faster railways & possibly even #hyperloop links our Tier 1&2 cities together having one unitary centre will be counterproductive & essentially loss making for any non manufacturing firm that does not need proximity to raw materials or logistic facilities.

#Covid has been a great catalyst in distributed working here with most ITES activities now in #WorkFromHome . It saves money , one employee costs ~₹250/day in energy + food costs for a complex . In a firm of 4000 if 1000 stay home every week that's ₹2.5lakh saved/day .

This would change the entire economic setup of our cities as well as the cost of office space falls . Cab rental services, hospitality , house rentals ,real estate sales all will undergo a downturn in major cities alongwith ancillaries dependent on them .

This economic decentralisation will in time herald political decentralisation as economic hotbeds lose lustre to their smaller counterparts .This decentralisation of capitalism will actually help build a more inclusive & equal society than Karl Marx ever could .

That said larger cities would still likely maintain their sheen as hubs for international transport & as company HQs even in this reduced state their worth & strength would outweigh a tier 2 city but the disparity would be far lower .

Humanity built civilization by concentrating in villages & cities. Larger the city ,richer it would be & greater still it's political power. We are at the cusp of the age of decentralisation of civilization , the age of equalization dawns.

The govt seems to have started to put legalization into place for an increase in #distributedworking & consequently #distributedliving . This will make India change like never before .
m.economictimes.com/tech/ites/govt…

Human civilization started out as hunter gatherers , gathering resources meant being mobile, following the prey. The age of agriculture made us settle down , gaining resources now meant being stable in one location , building bigger farms, manufactories & cities .

We may now be at the cusp of a third great age made possible by the internet. #distributedliving in smaller urban clusters connected to each other via the Internet. As of now the concept is only viable for people without
" physical " jobs , in time that could change.

As faster ,cheaper railway , road & other Infrastructure come in India could finally see the dawn of true suburban clusters that further spread out into their own clusters. That said as of now restricted to ITES jobs only .

Education is going online & hence getting distributed in a big way now, will continue even after partial normalisation.

https://twitter.com/rg_gupta92/status/1322786652360761344?s=19

Will essentially boost domestic savings & disposable income leading to greater sales of white goods & other creature comforts . Will lead to increase in leisure travel as well.

https://twitter.com/anuragrby1/status/1322786027547754496?s=19

Most HR assets actually migrate to bigger cities from small cities . As for investment do take a look at money invested into office infrastructure by forms like @Atos_Syntel & Ascendas .

https://twitter.com/KesariDhwaj/status/1324584736853905408?s=19

I would rather look at it as a redistribution of wealth to smaller cities helping the hinterland of #India grow much faster & much more equitably.

https://twitter.com/zapatta091/status/1324611505682219008?s=19

@threadreaderapp unroll please