International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

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Urban Decentralization in the Digital Age: A Five-Year Analysis of Remote Work's Impact on India's Metropolitan Economics

Author(s) Aravind V, Likhith A, K Sai chethan, Tharun G
Country India
Abstract This study examines the change effect of telecommuting on urban labour markets and real estate demand and trends across India’s top five urban agglomerations (Mumbai, Delhi NCR, Bangalore, Hyderabad Chennai) between 2019 and 2024. Using the analysis of, respectively, very large datasets comprising of 200,000 real estate transactions, 1 million job postings, and urban movement data from 500,000 data points, this work identifies underlying transformations in the urban economic environment of India. The study reveals important trends such as a 28% decline in central business district levels of presence, a 45% surge in residential demand in the suburbs and a 35% shift in geographic location of the workforce. The study shows significant differences between various metropolitan areas, and particularly strong effects in technology centres. Interestingly, Bangalore exhibits a 35% decline in commercial real estate occupancy rates, whereas the Mumbai-Pune belt sees a 32% rise in residential real estate prices. These results have important consequences both for urban planning, economic policy and infrastructure development in the Indian setting, raising the awareness of the needs for responsive strategies in response to the emergence of new urbansuburban economic flows.
Keywords Remote Work, Urban Economics, Real Estate Dynamics, Labor Market Mobility, Metropolitan Development, Spatial Economics, Digital Transformation, Urban Migration, Commercial Real Estate
Field Mathematics > Economy / Commerce
Published In Volume 7, Issue 1, January-February 2025
Published On 2025-02-23
DOI https://doi.org/10.36948/ijfmr.2025.v07i01.36377
Short DOI https://doi.org/g854n9
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