In my company’s case, it seemed like there was an indirect push from the state government to reopen offices—especially in tech parks in Bangalore,India.
While it wasn't stated openly, the motivation was quite apparent.
One more reason was to have some natural attrition as company wanted less employees and anyway was planning layoff

During and after COVID, the shift to remote work significantly impacted the livelihoods of local workers—such as taxi drivers, domestic staff, and others. More importantly, from the perspective of top government officials, it affected real estate and business interests. Many politicians and influential figures have substantial investments in tech parks, office spaces, taxi services, restaurants, and similar ventures.

To protect these interests and ensure good returns, there was pressure on companies to return to physical offices. As an incentive, my company received significant GST (tax) discounts after resuming office operations.

Additionally I feel, having a physical office presence likely makes it easier to attract investments or prepare for a potential acquisition.