Embassy REIT: Is this "Blackstone" promoted REIT is real diamond?

[madhug]

@Malkd

My 2cents are that we need to broaden our view point here. WFH may be necessary for a year or maybe even two but at some point Office culture will come back. However, at the end of the day it’s all just opinions… you need to ask yourself… 2 years from now will companies want to pay employees full salaries to sit at home and work? This may work for a few employees but defo not all of them. Companies would need some sort of physical presence and even if they fill their offices with 80 percent capacity in the future they’ll still need an office. Imo this risk is currently priced in at rs. 306 which imo is a throwaway price.

The current slide in the prices may be attributed to the government considering permanent WFH for IT SEZs by this month-end. We need to wait and watch what kind of labour and tax changes this will bring in for both IT companies and employees. Whether it will be permanent WFH or Hybrid or Return to Office, it all becomes subjective depending on who you are and what you do. I had tried to articulate this back in April last year on Nesco thread over here. What I could add here is that even if we conclude with certainty that the percentage of people working from offices will fall, it will be compensated to an extent by the increase of overall IT industry headcount which has been growing throughout 2020 and into 2021 and beyond. This is true for both Global In-house centers and IT services companies.