Job losses in tech sectors may reduce home sales in IT hubs
The Indian media has already begun speculating on the impact of layoffs in IT sector on other parts of the economy. Take for example the Real Estate sector, which was already struggling post demonitization of Indian money. Some industry watchers are closely looking at the impact of layoffs and slowdown in IT sector on the housing market, especially in major cities like Bangalore, Hyderabad, Pune, Chennai and elsewhere. Against a backdrop of such news and layoffs comes news that TCS plans to add 3.75 L sq feet office space in Bengaluru Job losses in tech sectors may reduce home sales in IT hubs (Economic Times) MUMBAI | BENGALURU: Recent news regarding job losses in the key information technology sector that has driven job creation over last two decades is threatening to unnerve residential real estate in IT hubs across the country. The unfolding scenario may push homebuyers in major property markets in cities including Bengaluru, Hyderabad, Pune, Chennai and Gurgaon into a she