I'd be more inclined to work in the office if most of my coworkers weren't in India anyways. I can't exactly have water cooler talk with Manglesh while he's asleep on the opposite side of the planet. At least at home I don't have to spend 10 minutes of each meeting finding an empty conference room and getting the audio/video setup to barely function.
If you do work with folks in India a lot, it is a really good boost to your group productivity to go visit them in India, as an IC programmer. It is a safe place, people are very good at hospitality, and you can forge much stronger bonds of connection and of shared technical vision when people are people not just arbitrary strings in Slack (video conferencing can sustain connections but it is hard to make them over laggy video at inconvenient times of day).
I have been working from home to various degrees since 1997 or so and I go in more when I need more work to do and work from home more when I am super busy with coding stuff or similar that can be done better and faster from home.
But yeah going to office to sit in meetings with of people in other offices is silly.
physically being in the office is irrelevant. I can and do have water cooler chats with my remote teammates in the same tz as me while Manglesh is asleep in his