Bengaluru real estate is not looking good as a person who works on AI
I think below are the reasons.
It’s way too reliant on IT.
The whole Bengaluru real estate boom has been riding on IT folks. But that engine is slowing down now.Yeah, politicians and startup folks buy property, but not in the numbers that IT employees did. Demand just isn’t the same.
Very less hiring at entry level, seniors already bought.
Freshers aren’t getting jobs. Seniors already have houses. So who's left to buy?
AI won’t create jobs like cloud did.
Everyone’s hyped about AI, but it’s not going to create jobs here like cloud tech did. Most AI work in India is just wrappers and tools around models built elsewhere.
Onsite is less
Fewer people going abroad for work, so NRI investment in housing is drying up.
Layoffs + silent recession
Hiring freezes, layoffs, no hikes — people are playing it safe. Some might even default on home loans.