Kolkata: The ‘Work from Home’ culture, a concept relatively new to the country, is likely to stay here for a long time, even after the restrictions are lifted and offices breathe life, a nationwide survey by Projects Today revealed.
Projects Today, the country’s largest online database of new and ongoing projects, conducted a nationwide survey of experts in the project fraternity to pick their brain and learn their views on the current situation and the likely projects investment scenario in major sectors during the post-lockdown period.
In all, 233 leaders, a part of the Indian project fraternity (promoters, architects, consultants and contractors), selected from across the country participated in the Survey.
A majority of the participants agreed that barring pharmaceuticals and healthcare, all other sectors were affected by the current lockdown and it would take a while for these units to restart functioning after the lockdown is lifted.
The 60+ days’ nationwide lockdown has brought the entire economy to a standstill. Producers, Consumers and the Government all were uncertain when the pandemic would slowdown or when factories and offices could commence functioning.
India witnessed one of the longest and unprecedented lockdowns seen across the world, and also saw reverse migration of millions of labourers from their work town to hometown, fearing hunger, exposure to the virus and uncertain future.
As per the Survey, the main hurdles in kickstarting their halted projects for promoters would be getting adequate funds at reasonable interest, finding labourers matching the skills of those who have left for their hometown and procuring the required raw material and machineries at the project site.
The nationwide lockdown has completely disintegrated the supply chain network. It would take a while to reorganise the same. The other three constituents of the projex world – Architects, Consultants and Contractors — said their immediate priority would be, to complete the projects in hand and try to retain their current clients.
The Survey participants said they saw the demand for housing (bigger houses) to go up in the long run.
On the other hand, they said the demand for Commercial space would undergo some change as large companies would look for disintegrating their offices – instead of having one centralised office, setting up more smaller offices to reduce the commuting time and adopt the new norms work culture.