Bengaluru's real estate market is slowing due to layoffs and reduced hiring in the IT sector. The demand from IT employees has decreased,
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. Even though people from other professions are buying property, the numbers do not catch up to IT employees. Read more
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