As job cuts hit the tech world in 2025, many people in Bengaluru are rethinking their home plans. Some are pausing their property purchases. Others are backing out of rental agreements. Even landlords are starting to worry. With the city so closely tied to the tech industry, the real estate market is now facing some tough questions.
Between January and May 2025, more than 62,000 tech jobs were lost worldwide—and many were from companies with big offices in Bengaluru. Big names like Google, Microsoft, Amazon, and Intel have all trimmed their teams.
These changes are hitting Bengaluru hard. A large part of the city's workforce is employed in IT and related services, and this job uncertainty is spilling over into real estate.
In 2023 and 2024, rents across tech-heavy areas of Bengaluru shot up. But in 2025, things are changing.
Vacancies are going up, and landlords are taking longer to find tenants. Even paying guest (PG) accommodations, which young IT employees usually rent, are shutting down—nearly 40% have closed in some tech pockets.
Still, some well-designed projects like Birla Evara on Sarjapur Road are holding steady due to strong amenities and location, but owners there too are becoming more flexible with rent.
Many landlords now worry about renting to tech workers. They fear tenants might lose their jobs and leave early or default on rent.
A broker from Indiranagar shared, "Earlier, landlords used to wait for IT people. Now they ask about job security first."
Many tech workers are also putting homebuying plans on hold. The fear of layoffs and AI replacing jobs is making buyers cautious.
One 30-year-old developer wrote on Reddit, "With AI coming in fast, I don't know if my job will last. I've stopped thinking about buying for now."
However, luxury homes priced over ₹1 crore, like the ones at Birla Evara, are still in demand. Buyers in this segment—CXOs, NRIs, and business owners—aren't affected much by junior-level tech layoffs. They're more focused on location, lifestyle, and long-term value.
Real estate experts believe that Bengaluru's market is slowing, but it's not collapsing.
"We may see prices drop slightly in some areas, especially where too many homes were built," said Raghavendra Rao of Indiassetz.
But there are signs of hope:
According to Instahyre and Economic Times, jobs in advanced tech fields could rise by 75% this year. That means skilled professionals will still buy or rent in top locations.
Projects like Birla Evara, with smart layouts and flexible work-from-home spaces, are well-suited for these evolving needs.
Here's what industry watchers suggest:
The current slowdown in Bengaluru's real estate is real—but it's not the end of the story. As tech companies reshape their teams, the city's housing market is adjusting too. Rentals are softening, and buyers are thinking twice. But with strong infrastructure, skilled workforce demand, and modern projects like Birla Evara leading the way, Bengaluru's property market still holds promise for those who think long term.
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