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https://old.reddit.com/r/hyderabad/comments/1f8otu8/i_i_dont_know_what_to_say/

Hostel owners rally to end work-from-home in IT belt

To make their voice heard, members of the IT Corridor Hostels Association recently took out a protest rally in front of Infosys, Pocharam. "In places like Pocharam, many of us have taken loans and constructed buildings to cater to the IT rush. But now, we are overburdened with EMIs and are not getting any income because companies are still allowing employees to work-from-home. This needs to end as the govt has allotted plots to companies at subsidised cost for the benefit of all and not just one company," said Amarnath Reddy Pasam, president of the association.

Hyderabad: Not just managers and employers, now even hostel owners in the IT corridor want companies to do away with work-from-home and make it compulsory for employees to attend office every day. Their argument: Hostels are struggling to survive post-pandemic, given their dependence on the IT crowd.

To make their voice heard, members of the IT Corridor Hostels Association recently took out a protest rally in front of Infosys, Pocharam. "In places like Pocharam, many of us have taken loans and constructed buildings to cater to the IT rush. But now, we are overburdened with EMIs and are not getting any income because companies are still allowing employees to work-from-home. This needs to end as the govt has allotted plots to companies at subsidised cost for the benefit of all and not just one company," said Amarnath Reddy Pasam, president of the association.

There are about 700 apartment-turned-hostels near the Infosys campus in Pocharam with at least another 50 near the IT corridor. In areas like Jodimetla and Uppal, another 200 hostels are said to be operational — all thriving entirely on the rush of the IT workforce from outside Hyderabad.

According to association members, currently, almost all these hostels are running at less than 20% occupancy. They are now planning to meet the IT secretary, IT minister, and chief minister to appraise them of the issue and seek their help in dealing with this steep financial loss.

Many building owners, who have rented out their premises to hostels, said that their income has reduced drastically in the last two to three years.

https://hr.economictimes.indiatimes.com/news/industry/hostel-owners-rally-to-end-work-from-home-in-it-belt/112995252

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