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OP here. Late realisation. But yeah, we are saving on travel costs at least, which may offset the extra WFH expenditure probably. So one can probably ignore point 6 of the original post.
Are you suggesting that it's fine as long as all of us have miserable working conditions?
Last I checked, this website was still named Legally India. Pretty sure you would find consultants raising similar issue on consulting India dot com or whatever they have for their sector.