Bengaluru’s real estate market faces strain amid IT layoffs and AI push; Reddit user asks, ‘Who’s left to buy?’
5 days, 5 hours ago

Bengaluru’s real estate market faces strain amid IT layoffs and AI push; Reddit user asks, ‘Who’s left to buy?’

Live Mint  

The real estate market in India's IT hub Bengaluru has slowed down, a Reddit user claimed, citing reasons such as layoffs, less hiring, boost of AI and ‘silent recession’. The user highlighted that the Bengaluru real estate market majorly depends on the IT industry. Additionally, the demand for real estate has been impacted by less investment by NRIs, and senior employees who have already bought a property do not need a new one, according to the Reddit user. Social media users agree Netizens have reacted to the post by highlighting concerns about Bengaluru's real estate market.

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