India, Sept. 19 -- Bengaluru's soaring real estate prices are facing a critical test: the stability of its IT workforce. As tech job growth slows, the ripple effects could shake not only the housing market but the broader economy, from construction to retail. Reddit discussions highlight the potential fallout, noting that historically, flat prices have only doubled when IT salaries have surged. This happened in the 2000s and again around 2021.
For every IT job lost, it's estimated that 10 others will feel the economic impact. Industries like construction, retail, education, food services, and even transportation will also face the consequences. With a heavy reliance on the IT sector, the city's property boom may hinge on how resilient th...
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